Glossary

Digital Insurance

A
Agile Development AIOps Analytics Platform API Integration API Management Application Modernization Artificial Intelligence Augmented Reality
B
Banking as a Platform Banking as a Service Big Data Business Analytics
C
Claim Automation Claims Management Clinical Research Clinical Software Cloud Advisory Cloud Deployment Cloud Infrastructure Cloud Migration Cloud Native Development Cloud Security Cloud Strategy Cloud-native Security Core Banking Corporate Banking Customer Data Platform (CDP) Customer Experience Customer Experience Journey Customer Experience Strategy Customer Intelligence CX Strategy Cyber Resilience Cybersecurity
D
Data Analytics Data Center Modernization Data Integration Data Lake Data Security Data Transformation Denial Management DevSecOps Digital Banking Digital Commerce Digital Engineering Digital Experience Platform Digital Front Door Digital Health Platform Digital Insurance Digital Lab Digital Mosaic Digital Payments Digital Platform Digital Transformation Digital Wealth Management
E
Edge Computing Enterprise Integration Enterprise Security Experience Transformation
H
Healthcare Payor Healthcare Technology
I
Identity Access Management Intelligent Automation
L
Legacy Application Modernization Life Sciences Technology Loan Origination
M
Machine Learning Medical Devices Microservices Mobile Edge Cloud Monetizing 5G
N
Network API Network Assurance Network Performance Network Transformation No-code/ Low code Application Development
P
Process Mining and Process Excellence Product Engineering Product Sustenance Public Cloud
R
Ransomware Retail Banking
S
Software Application Development Software Development Software Engineering Software Modernization Software Product Development Software Product Modernization

What is Digital Insurance?

Any business that sells and administers insurance policies using a technology-first business model is considered to be providing digital insurance. Digital insurance is the process by which insurance companies use digital technologies to pay out insurance claims.

Digital insurance claims help customers by providing them with the best services during insurance claims. Customers want an easy and hassle-free insurance claim process.

With Artificial Intelligence (AI), machine learning, and predictive analysis, the insurance industry has become more efficient as a result of its shift to digital. Insurance claims can now be handled quickly and easily with the help of a mobile app. The digitized claims procedure is moving faster by expediting the claims processes overall, not just for clients.

What are the business benefits of Digital Insurance?

  • Digital insurance services provide optimized customer-centric insurance products to enhance customer experience while claiming their insurance policies.

  • Digital insurance services improve cost-efficiency by reducing operational costs and dependency on legacy systems.

  • Digital insurance services provide agility to the insurance claiming process with composable architecture, i.e., faster disbursement of insurance claims.

Related Content

Contact us

    You can also email us directly at info@persistent.com.

    You can also email us directly at info@persistent.com