Over physical documentation. Economic : production and storage of paper documents. Time and efficiency : the difference between doing a manual search of physical documents organized in folders versus searching by keywords in a well-indexed digital document. Security : reduction of compilation errors and risks of loss by increasing security. Thanks to dematerialization , customer relationships have completely changed. By extracting data from digital documents, the company has the possibility to really “ know ” its customers, divide them into increasingly specific clusters and, in short, personalize everything much more.
Improving the relationship with clients means increasing retention rates and reducing churn rates and that is the most important challenge for all e commerce photo editing service insurance companies . All this translates into significant economic returns , with an increase in turnover and income. Of course, the volume of data handled by insurance companies requires efficient insurtech systems, starting with well-designed cloud-based software that adapts to the needs of each company. 2. Collaborative economy the power of the collaborative economy is well known , which has already changed the way of working in different sectors such as mobility, real estate or entertainment.
Faced with the shift from product to service, and from ownership to access, insurers are reacting. It is necessary to rethink all the steps of the chain, demonstrating elasticity, adaptability and speed . There are already many start-ups that are working on insurance products focused on the needs of people, intelligent, with reduced bureaucracy, and with an increasingly short-term vision. 3. Microinsurance this is one of the most booming trends in insurtech, and it is closely related to what i have already explained in the