The arrival of the digital age has created higher customer expectations. Today’s customer expects whatever organization they’re interacting with, no matter what the industry, to provide a seamless, efficient, omni-channel experience.

The majority of large retail and investment banks were early adopters of digital strategies which allowed them to be some of the first organizations to digitally transform themselves and keep pace with customer expectations.

The same can’t be said for the insurance industry.

 

 It’s a Must in the Digital Age: a Seamless, Efficient Claims Process

Source: Forbes

 

The rate of digital adoption in the world of insurance is decidedly mixed.

At some insurers the process of digital transformation is underway, but their programs aren’t delivering as well as they need to, while other insurance organizations are still at the infancy of their digital journey trying to nail down what their transformation approach will be.

Without question insurers must evolve and reinvent themselves to remain competitive, but they better hurry. Today’s digitally-empowered customer isn’t patient enough to wait for their current insurance company to play catch up…especially when it comes to the claims process.

Disruption is real: insurers who refuse to change, risk being left behind

As any insurance professional knows the claims process can be the make it or break it moment in the relationship a customer has with your insurance organization.

According to a survey conducted by Accenture, 83% of customers who were not satisfied with the way their insurance claim was handled said they had switched or planned to switch to another insurer.

 

 It’s a Must in the Digital Age: a Seamless, Efficient Claims Process

Source: Forbes

 

 

So how can an insurance company encourage customer loyalty? In that same Accenture survey, 94% of customers stated that speed of settlement and process transparency were the two most important factors when it came to ensuring their happiness.

The adoption of an organization-wide digital approach will allow insurers to do both. Their customers will be able to submit and follow up on their claims more quickly and conveniently through digital channels, something 61% of customers surveyed by Accenture said they want to be able to do.

Cloud-based solutions allow even small- to mid-sized insurers to go digital

At one time, lack of resources to invest in new technologies might have been a reason to delay or ignore the need to embrace a company-wide digital transformation, but times have changed.

Cloud-based, end-to-end customer communications management (CCM) solutions have made it possible for even small- to mid-sized insurance organizations to make the transition to digital while still respecting their budgetary requirements.

By managing their claims and claims follow up in the cloud, insurers of any size can create, approve and deliver regulatory-compliant, accurate and personalized claim correspondence to customers, across whatever channel they wish, with less reliance upon IT.

The leading CCMs are designed for simple implementation. The best ones are plug-and-play solutions that integrate seamlessly with your cloud-based or on-premise claims system, enabling you to get started right away.

 

 It’s a Must in the Digital Age: a Seamless, Efficient Claims Process

Source: Quadient Correspondence “Manage Claims Correspondence, in the Cloud” brochure.

 

Another customary feature of most CCMs is that they include a selection of the most commonly used claims correspondence templates. Of course, you can also create your own templates, usually in less than an hour.

Your IT department will appreciate a CCM solution as well, since they won’t have to worry about ongoing IT maintenance. All software upgrades are performed by the solution provider and executed seamlessly in the cloud.

Claims is the most expensive and important customer interaction opportunity you have as an insurer. With a CCM in place, you will have the solution you need to deliver an efficient, consistent, convenient claims correspondence that will inspire customer appreciation, loyalty and referrals.

Learn more about how a cloud-based CCM solution can allow your organization to transform submitting and following up a claim into a seamless, efficient digital process for your customers.

Speak to a Quadient representative about the Quadient Correspondence CCM solution.

Andi Dominguez

Andi Dominguez

Product Marketing Manager, Quadient

Andi brings over a decade of marketing experience within healthcare and property & casualty to her role as Product Marketing Manager at Quadient. From developing tailored customer engagement programs for global brands, to creating solutions and initiatives that empower organizations to further differentiate themselves within their markets, Andi’s understanding of an organization’s long-term vision and business needs often translates into actionable customer engagement strategies that drive business results.

Related Resources

Sodexo ensures client satisfaction through mail tracking from Quadient
Case Study

Sodexo ensures client satisfaction through mail tracking from Q...

For more than ten years, food services and facilities management company Sodexo has partnered with Quadient, a...

wholesale distributor brochure
Brochure

Document Automation for Small Wholesale Distributors

Eliminate manual, processes, automate customer communications

How to improve Child Support Enforcement (CSE) programs with limited funding
Infographic

How to improve Child Support Enforcement (CSE) programs with limited funding

This detailed infographic illustrates how the ability to directly and quickly communicate with constituents is imperative and explains how a centralized customer communications management (CCM) platform can enable CSEs to increase their performance with limited finances.
Child Support Enforcement Systems: How to Improve Program Performance
eBook

Child Support Enforcement Systems: How to Improve Program Performance

This eBook explains how a unified CCM platform can help CSE programs improve the customer experience with existing legacy infrastructure, and increase case loads, which in turn generates more funding from the federal government.
Experience

Experience

A rich history of world-class leadership

Backed by the experts

Backed by the experts

Gartner, Forrester, and Aspire

Expertise

Expertise

8 billion personalized experiences annually

Proven results

Proven results

96% customer satisfaction rate