Press release: Capegemini: World Insurance Report 2021
Published: May 2021
12th May, 2021 – Ahead of the launch of the Capgemini World Insurance Report 2021, I have included the press release below and attached the full report for reference.
Key findings of this year’s report include:
Customer convenience is a necessity:
Insurance customers say the convenience of their experience is impacted by the ease and speed of access to information. But more than 40% of customers say it is difficult to get in touch with agents and brokers, who are insurers most prominent distribution channel, outside of typical office hours.
Technology can supercharge channel effectiveness:
Agents and brokers need to ramp up their digital engagement capabilities and almost half (44%) of those surveyed said they need support from their insurers for digital collaboration and engagement tools to assist customers effectively.
Knowledge gaps are preventing personalized customer advice:
68% of insurance executives are missing personalized advice capabilities which acts as a barrier to convert leads into sales. Equipping agents and brokers with AI-based analytical tools can help them understand customer preferences and create a customized experience.
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