With the emergence of social media and digitization, the Insurance industry is undergoing a major transformation with the customer expectation of faster policy quotes, claim settlements. Majority of the customers feel comfortable using their smart mobile phones and online for Insurance services.
Core offering in Insurance:
Application development of Insurance for verticals such as P&C, Healthcare Insurance.
Guidewire, Duck creek Implementation for Underwriting and Claims.
Business Intelligence and Analytics for Insurance
Property and Casualty:
Property and casualty (P&C) insurance is actually an umbrella term that includes many forms of insurance such as Homeowners insurance, renters insurance, auto insurance, shops insurance, sports etc. The term property and casualty insurance typically contains two primary coverage types: liability coverage and property protection coverage.
With exponential growth in travel globally, travel insurance becomes a necessity. With more competitors entering into travel insurance segment, competition is driving age-old players to enhance their offerings from the vanilla coverage such as missed flights, Interruption, personal injury or sickness abroad to current needs ranging from emergency medical evacuation, natural disasters, tour operators going bankrupt to recent pandemic.
With more diseases being discovered and coverage terms shifting from reactive to preventive, standard health insurances need to scale up quickly so that they stay relevant and competitive.