Accelerate risk assessment in an omni-channel distribution model
- How do Insurance companies keep growing their business in a riskier world?
- How can insurance companies move forward and offer digital D2C options?
- What does it take for a recommendation engine to help assess risk smartly and efficiently?
- Learn how Zelros transforms the insurance industry into a relevant, proactive, and personalized consumer partner for life
A new age of risks calls for new ways of thinking about risk management and insurance.
With increasing pressure to manage risk and respond faster and more personalized, insurers are faced with the need to make all aspects of their business more agile and accountable while remaining compliant.
In this webinar, get to know how Zelros recommendation engine leverages data science to transform the insurance industry into a relevant, proactive, and personalized consumer partner for life—without compromising an insurer’s growth or sustainability goals.
“From 2000 to 2020, the protection gap doubled due to global trends in urbanization, digitalization, climate change, and a poor understanding of new risks. The global shortfall for weather-related risks is around $180 billion, a huge deficit leaving the consumer unprotected and out of pocket.” – Swiss Re Institute.
Our world has become a riskier place. Individuals and companies face a different risk landscape today, one impacted by climate change, cyber security threats, health risks in an aging population, and uncertainty about new and harmful global viruses. These dynamic risks are creating an increasingly complex, new era of risk management for insurers.
More than ever, insurers assessing how risk prevention and access to real-time data solutions can help close this widening risk gap—will be a step ahead of their competition. This protection gap is defined as the divide between the amount of insurance that is socially and economically beneficial—and the amount of coverage that is purchased.
Competitive industry dynamics and the emergence of trusted data access have helped create these positive changes for both insurers and consumers. Following the lead of the retail and streaming industries, for example, insurers are finally embracing how personalized data access can streamline and improve the entire risk selection process.
Moreover, with the evolution of digital technologies, leading brands are now embracing Direct to Consumer sales, a robust distribution channel that controls the overall brand and customer experiences.
Cutting out the ‘middlemen’ allows companies to get closer to their customers and build a direct communication channel with them – unprecedented visibility and control over the relationship, to acquire more consumers, and to create additional touchpoints with their existing customers.
At the same time, customers expect insurance providers to offer timely and relevant personalized advice as well as a consistent omnichannel experience. While new players in the industry like BigTechs and Insurtechs deliver an exceptional omnichannel customer experience, incumbents need to improve the efficiency of their online customer journeys. This shift in increasing sales through digital channels requires agility. Most IT teams currently focus on systems maintenance, long-term transformation of the IT legacy systems, and constant adaptation to regulation changes.
Zelros is an example of this needed pivot. Our recommendation engine is designed to transform the insurance industry into a relevant, proactive, and personalized consumer partner for life—without compromising an insurer’s growth or sustainability goals.
In this webinar, learn about how Insurance companies keep growing their business in a riskier world, their necessity to move forward and offer digital DTC options, and what it takes for a recommendation engine to help assess risk smartly and efficiently.