Much has been written about mobile apps in the insurance space lately, and it may be reaching the same amount of hype that the Internet did in the late 1990s.
Back then, the Internet was uncharted territory where technology was being developed just to be able to use this new communications tool. Browsers were raw, connections were slow, connectivity was unreliable, etc. We all remember the excitement and lived through the reality. Insurance carriers took a very conservative approach to adoption of this new way to interact with customers. Part of it was the change to the expected and traditional model of customer relationships; agents and direct sales/support to a lesser degree.
Carriers passionately defended the right of the consumer to call someone for support of the complexities of basic insurance. The means to provide simple policy communications had not been developed yet, and no one wanted to jump out in front with a poor “Internet” distribution channel. The other valid and critical concern was security. Access to information, transmitting information and moving money around over the Web necessitated a cautious embracement of this new communication method. We have all seen where we are now with routine account maintenance, quoting, policy issuance, claims reporting and bill payment as just another method to interact with customers.
Jump back to today—we see the same excitement for the delivery of mobile insurance apps. Leading insurance technology analysts and media groups such as
As time passes the devices continue to get cheaper and carriers lower the costs of their data plans to gain market share thereby allowing more consumers to have access to information. The UI’s are small compared to a PC and the graphics are simple, but that doesn’t deter the demand. Users want the simplicity of being able to click a button to inquire about a bill or installing a claims app for loss reporting. In fact, using these devices creates a sense of novelty about the entire insurance process. Could mobile apps be making insurance fun and friendly for the consumer?
Frank Heaps is the managing director for
Readers are encouraged to respond to Frank using the “Add Your Comments” box below.
This blog was exclusively written for Insurance Networking News. It may not be reposted or reused without permission from Insurance Networking News.
The opinions of bloggers on