What innovations will drive protection value in 2024

"Right customer, right journey"

clock • 3 min read

Alain Desmier is Managing Director of Contact State, a Verisk business, discusses the need for bespoke technological solutions to improve the protection customer journey.

As consumers assess the value of a product, they compare not just the price that's presented to them, but the effort and time required for them to buy the product and how, crucially, the brand makes them feel. The travel insurance industry, for example, uses technology that allows aggregators to turn a complex medical history into an easily priced policy. This creates value with the underlying strength of its product and ease of purchase. No matter who you are or how ‘clean' your medical history is; the value chain and customer journey are aligned and transparent. The life and health ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Technology

MorganAsh partners with FWD Research on customer vulnerability

MorganAsh partners with FWD Research on customer vulnerability

Now offering a two-stage vulnerability evaluation framework

Jaskeet Briah
clock 24 April 2024 • 1 min read
UnderwriteMe adds Vitality's income protection plan

UnderwriteMe adds Vitality's income protection plan

Joins Life and Serious Illness Cover on the platform

Jaskeet Briah
clock 10 April 2024 • 1 min read
SimplyBiz to add Defaqto's Engage solution

SimplyBiz to add Defaqto's Engage solution

“We will help firms give more advice, to more clients”

Jaskeet Briah
clock 20 March 2024 • 1 min read