Changes within the industry and the consumerization of technology have placed strains on commercial insurance. A switch to more online services, less local agents and the need to cut underwriting costs while decreasing risk are already significant changes. Add to that the need to increase revenue, possibly by opening up new distribution channels, and the need to cash in on anything predictive analysis can bring to the table, and the technology changes facing commercial insurance can be both broad and deep in nature.
Add to that regulatory changes, environmental catastrophes, and cyber crimes all within a fluctuating economy and the challenges increase.
The good news is that change is possible, even with a fast time to value.
Avoka Transact Delivers
Online Services
Open distribution channels easily, ease the underwriting process, and offer self-services to the digital user. Avoka Transact is an enterprise-class platform that takes all of these transactions online, with security and analytics, and still delivers speed-to-market.
Mobile Field Workers
Avoka Transact offers insurance organizations the option to deliver services online through channels or to customers using the Avoka Transact Mobile FieldWorker app within the Avoka Transact platform. Using the app (available in Google Play and Apple App Store) allows you to leverage built-in best practices for forms-based applications.