Digital solutions for the global insurance industry

Traditional insurance is:

• Costly

  Traditional labour-intensive administration and marketing processes – as well as established brokerage fees – inflate prices to end users.

• Unappealing

  Consumer disengagement with traditional insurance is exacerbated by high acquisition costs, service issues, and inefficient technology.

• Inefficient

  Existing legacy technology platforms were not designed for the digital age and frequently fail to meet the needs of consumers in both developed and developing markets.

• Moral hazard

  Traditional insurance products are sold to individual customers based on the principle of risk transfer where price is central to the transaction. There is little incentive to minimise risk, which frequently results in increased moral hazard.

Digital insurance is:

• Personal

  Insurance companies that only operate online are providing customised, cost-effective coverage options that match their customers' specific requirements.

• Precise

  With the help of AI and automation, and by tapping into the vast wealth of behavioural and claims data in the insurance and telecom sectors, we can more accurately process claims and minimise fraud.

• Scalable

  With low overhead costs, insurance companies can provide scalable products, including microinsurance, that are low-priced and capable of reaching large numbers of customers with ease.

• Viral

  By utilising the power of social networks and social media, you can expand your brand's impact, grow your customer base, and foster customer retention.