Serbia EN

We created an InsurTech Accelerators toolkit to help you succeed in the rapidly changing insurance landscape

Synechron’s proprietary FinLabs serve as innovation hubs. We invest the time and conduct the research necessary to understand clients’ most pressing business challenges. Our experts then strategize cutting-edge technologies to solve these challenges.

We promote innovative ways to drive business efficiencies, support enhanced operations and accelerate their digital transformation. We ideate, engineer, and implement operational platforms, digital applications, and data science tools to empower the businesses we work with.

Key Benefits of InsurTech Accelerators

Provide the best insurance solutions and experiences to your customers

Agile design
framework

Design your digital-first business model by boosting customer engagement. Offer services beyond traditional risk protection by enabling data and deploying new technologies.

Monetize
customer data

Analyze customer and claims data and develop new propositions around smart usage insights. Leverage this data for internal purposes such as risk management, price optimization and fraud analytics to boost data driven decision-making.

Offer end-to-end
digital services

Redesign your insurance operations from a customer-centric perspective. Utilize smart technology to carry out complicated insurance tasks in addition to simple transactions, resulting in smooth, cross-channel interactions and maximum self-service.

Tap into automation
efficiency

Reduce reliance on manual labor and cut costs by up to 40% across the claims handling system. We also foresee a sizable decline in fraud and higher-quality gains from increased customer trust relationships.

Blockchain

Blockchain

Our Blockchain tools are focused on two use cases. Insurance Claims Processing makes use of Blockchain's Distributed Ledger Technology (DLT), smart contracts, and digital capabilities. The Trade Finance Accelerator connects banks and insurance corporations on a single Distributed Ledger to reduce fraud and promote transparency throughout the supply chain.
  • Reduce manual work, fraud and costs by automating insurance claims processing and payments
  • Build customer trust by evaluating customer claims in a timely, transparent and objective manner
  • Use a private and trusted blockchain network for contract verification while protecting critical client identities
  • Make trade finance simpler and efficient with feature-abundant core blockchain applications and user interfaces
Cognitive Machine Learning AI/ML

Cognitive Machine Learning AI/ML

Synechron's Cognitive Machine Learning AI solutions combine in-depth understanding of data mapping and financial operations with sophisticated data analysis to perform difficult calculations and computations. Automate data extraction, manage underwriting scoring, and implement a Visual Risk System for efficiency.
  • Improve understanding of the risk profile of recently filed profiles and automatically enable underwriters to prioritize unique possibilities
  • Benefit from a centralized data storage and easily access it for future analytics
  • Provide a seamless experience by allowing brokers to upload documents easily
  • Tailor your autonomous triaging to your company's specific requirements
Robotic Process Automation (RPA)

Robotic Process Automation (RPA)

Synechron's RPA solutions enable financial service firms to integrate Optical Character Recognition (OCR) and Natural Language Processing (NLP) into a single engine capable of understanding content, context, and applying business rules to heighten operations and productivity through robotics.
  • Automate manual, time-consuming business operations
  • Enhance business process efficiency and reduce turnaround time
  • Boost transparency, data accuracy, auditability, and cost-saving initiatives
  • Create pitchbook content automatically while maintaining compliance regulations
Mobile Applications

Mobile Applications

Combines our comprehensive understanding and experience in insurance products/services with a digital strategy for custom mobile application development. Enables extensive collaboration with insurance firms to provide a selection of major applications that prioritize and optimize customer experience.
  • Provide value-added services and discover more about your customers by leveraging an engaging mobile-first strategy
  • Create an inventory of valued belongings with Synechron’s Micro-Insurance platform, MyPossessions™ for enhanced risk management
  • Increase efficiency, empower your agents, and implement a gamified sales management dashboard with Synechron’s IoT Accelerator application, FieldForce™
  • Strengthen customer connections without resorting to aggressive sales or marketing tactics with Synechron’s Mobile Solutions Accelerator - The My Insurance™ App
Customer Experience Design

Customer Experience Design

Customer interactions, including insurance chatbot services, are key. Insurance firms are adapting their business procedures for digital-first initiatives. This can be accomplished through intelligent agents such as insurance chatbots (e.g., InsureBOT or InspectionBOT), user experience design for Direct-to-Consumer Strategy applications, or commercialized broker experiences.
  • Manage large volumes of customer data while ensuring scrutiny and data accuracy with Synechron’s InsureBOT
  • Leverage the value of a customer self-service strategy with a self-guided Smartphone InspectionBOT
  • Implement an integrated commercial insurance portal/dashboard for broker-related operations
  • Features enable automated risk management and compliance monitoring
The Internet of Things (IoT)

The Internet of Things (IoT)

The Internet of Things (IoT) for insurance is all about ensuring real-time, authoritative data sources for improved risk management. Data becomes more potent when paired with cutting-edge technologies like Blockchain to help with difficulties like asset attribution or AI approaches as a data source.
  • Use any IoT device, gather data, and analyze it to garner useful results
  • Improve risk management due to centralized IoT data
  • Offer customers an easy and enjoyable Smartphone experience
  • Boost customer loyalty and retention with a high-touch app and tangible rewards

Explore More Personalised Solutions

Synechron Nexus AISolutions

Synechron Nexus AI
Solutions

InvestTech Accelerators

InvestTech
Accelerators

RiskTech.AI Accelerators

RiskTech.AI
Accelerators