What Insurance Companies can do to adapt and
overcome the Industry Change
Technology is creating a wealth of new possibilities. The advent of the Chatbots creates opportunities for insurance agents to make use of unprecedented channels such as Facebook Messenger, WhatsApp, SMS, Amazon Alexa, Google Assistant, Siri, etc. for their end customers. Advances in Artificial Intelligence (AI) are allowing insurance agents to shift through these channels quickly and efficiently, enabling more personalized approaches to increase sales, reduce operations costs, and to saves time & effort. 86% of Insurance CEOs believe the technology advancements like Artificial Intelligence (AI), Chatbot, Natural Language Processing (NLP) have changed the business completely over the past 3-5 years.
Streebo a leading AI and Digital Transformation Company has created a highly intelligent bot that is guaranteed to be 99% accurate. Streebo’s Pre-trained AI-Powered Life Insurance Agent Chatbot can help agents with a variety of common Insurance functions including create a quote, sign up a new customer, issue the policy and even filing of claims. These bots are pre-integrated with a wide variety of Insurance Solutions such as Ingenium, Genelco and even IBM’s AS/400 systems among others. Moreover, these Bots leverage leading NLP engines such as IBM Watson, Google Dialog, and Amazon Lex thus making them very smart. With Streebo’s 24X7 available Conversational AI for Life Insurance Agent, Insurance companies can improve their customer satisfaction by an average of 23% while reducing their call center costs as well. That’s why this AI-powered Insurance Agent Chatbot has a powerful ROI as it can improve sales, can assist with cross-sell & up-sell while reducing costs for organizations deploying them.