As a highly-regulated business sector, companies within the insurance industry face many challenges when it comes to Digital Transformation. But the benefits of innovation can be very impactful, whether it is Digital Transformation with an enterprise mobile app or an insurance software platform that provides an organization with the tools and functionalities they need to succeed.
7T specializes in Digital Transformation, from an engaging and intuitive software platform that allows an insurance company to engage its clients more effectively, to customer portals where users can compare policy options, access policy information, submit claim documents or photographs and follow up on claims.
An enterprise insurance software platform — especially when paired with a companion mobile app — holds the power to boost efficiency, improve customer experience and cut costs associated with handling claims, among other business.
One report published by The Harvard Review revealed a 65% cost reduction in cases where insurance agents leveraged modern technology to process claims. The report also found that there was a massive 90 percent decrease in claim processing time, which is significant because this frees agents to focus on more productive and profitable higher-level tasks. Figures such as these clearly depict the benefits of pursuing an insurance Digital Transformation project that involves the development of an insurance software platform and companion mobile app.