Insurance Apps nowadays has to be a real one, and it’s not just words. The thing is that every year more and more people are switching to their mobile & computer devices.
This fact is driven by facts: According to statistics, users spend about 86% of internet time in their apps and this is a small surprise because modern smartphones are capable of solving most of our problems! Therefore, insurance application development is a very appropriate step.
Insurance Apps Development Demand
Table Of Contents
- Insurance Apps Development Demand
- In fact, there are some reasons for this, but we’ll focus on 7 main things:
- We will firstly classify all the Insurance apps into the following three categories
- Car Insurance Apps
- 1. Allstate Drivewise
- 2. GEICO Mobile
- Property Insurance Apps
- 1. Allstate Digital Locker
- Life Insurance Apps
- 1. Anthem Anywhere
- 2. Aetna Mobile
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Applying mobile technology to your insurance business work, you first need to understand the level of demand to find out if the game is worth the candle – that is, what risk to pay. The answer is yes, but this is always the case.
- As of 2016, online insurance apps were not so popular: As stated in the KPMG Global Report, 2016 (The Pulse of Fintech), the insurance industry had long used outdated IT technologies and was not ready to change.
- However, in 2017, demand for national insurance mobile applications had increased, especially at the expense of emerging markets. Of course, there were still many losses that needed to be sidelined, but they were accompanied by new excellent business development opportunities and that was just the beginning.
- In 2018, the situation improved even further, and forecasts for next year are rosy: according to the most modest estimates, the popularity of national general insurance apps is expected to grow by at least 4% in 2020.
- So if your company does not have an app for insurance cards, then the high time you have created is. Benefits the insurance apps users get Before we proceed, let’s take a look at why your customers would be happy to become a user of a progressive insurance app. What benefit will they get?
In fact, there are some reasons for this, but we’ll focus on 7 main things:
1.Simple Drawing of Insurance Apps. A customer needs to take just a few clicks to get insurance through a mobile application.
2.Online counseling. I wish, one person cannot always find a time and consult one insurance company on a matter of interest. Therefore, he will appreciate various insurance apps features such as online chat, feedback and the like.
3.Notifications. The application will not allow the customer to forget about the end of the insurance program; In addition, it will notify him of discounts and promotions.
4.Convenient data storage. Thanks to the Smart Insurance app, all necessary information is stored in a single interface.
5. Get information quickly. A customer is able to learn whatever they want about your company in minutes. Among other things, he will be able to find your nearest office on the map, your working hours and list of services provided.
6.Determination of location. The geolocation function provided by the insurance app for iOS and Android will help the user make a call to the scene of the incident (say, if the customer himself is confused and does not yet know where he is).
7.Detailed and timely instructions. Again, in the event of an unfortunate event, the customer may be immediately informed of the actions taken by him.
We will firstly classify all the Insurance apps into the following three categories
- Car Insurance App
- Property Insurance App
- Life Insurance App
Car Insurance Apps
This is a very beneficial option for insurance applications as all car owners should insure their cars. And they would certainly be happy to simplify such a tedious process with mobile software.
There are more benefits. Mobile applications can be used to effectively manage risk (your benefits) and reduce the cost of an insurance policy (driver’s benefits). In addition, it is a tool to improve the convenience of participation in general.
The Allstate Identity Protection App helps you protect your personal information, the data you share, and the relationships you keep – from your phone or tablet.
- Signing in is simple and secure. In just a few seconds, you can clear alerts, check your credit, monitor your identity health score, and more – put advanced identity protection at your fingertips.
- In addition, you can access our Dark Web Intelligence on the go. Unlike other services, we combine Artificial Intelligence with a network of experienced human operators to provide unique insights into the Dark Web.
- If something bad happens, you have a dedicated Privacy Advocate® available 24/7 to restore your credit, finances, identity, and sense of security.
- then go ahead. Keep on loving the internet. A comprehensive approach to privacy and identity protection is here.
- GEICO Mobile belongs to a very well-known GEICO company that offers a wide range of insurance services, and auto insurance is only one of them (but the most sought after).
- A person or entity that purchases insurance is referred to as an insured or as a policyholder.
- The loss of Geico may or may not be financial, but it must be re-used for financial terms, and usually includes something in which the insured has an insurable interest established by ownership, possession or In relation to the relation.
- You will learn a lot of tips for Geico insured, which details the conditions and circumstances under Geico tips mobile, which insurance jio insurer will compensate the insured.
Property Insurance Apps
Property insurance is an opportunity to protect yourself from unexpected financial expenses in the event of flood, theft, fire, and the like. Otherwise, all these unpleasant incidents will not only cause a lot of trouble but will also reduce the family budget.
- Allstate Digital Locker is created by Allstate Insurance Company. The program is free of charge and serves as a good help in property insurance when it is important to really understand what you have.
- So, in fact, the insurance house under consideration is focused on helping the mobile app client to make a complete list of their assets (in case of damage).
Thanks to Allstate Digital Locker, the user will always have proof of what and in what condition they have. Information is stored in cloud databases and available anytime and anywhere.
Life Insurance Apps
According to experts, life insurance is a financial security tool, which guarantees long-term funding and allows avoiding the consequences of an accident and maintaining a decent standard of living in a state of force.
Of course, the task of persuading people for such an expensive service is not very easy, and the mobile app for insurance is another benefit for potential customers. “Secure your future with affordable money and now just a few clicks to the app!”
- Anthem Anywhere is owned by the American company Anthem, which aims to provide quality medical services to its customers. And health insurance is one of these services.
- In fact, Anthem does not provide medical help but helps people find the appropriate specialist to solve their health problems. And insurance application is another way to achieve a worthy goal.
As you can see, Anthem Anywhere offers not only insurance app features, but also medical, which takes into account the specifics of the company. But it also makes the application more unique and popular among the people (by, the app managed to attract more than 1 million users in the USA alone)!
- Aetna Life Insurance Company is a renowned and highly respected institution whose history began in 1853. However, with its commitment to proven traditions, the company tries to adapt to the times. That’s why it decided to create an insurance app for Android and iOS – Aetna Mobile.
Aetna Mobile aims to make the provision of services easier for its customers so that work can be brought to a new, more efficient level.
Hence, In the end, we all have successfully understood all basics, Pros & cons of Insurance apps & the best ways to select an Insurance app is to select anything from the above list cause we surely have elected the Top Insurance apps on our list. But still, If you feel that there is something I left to tell then please don’t hesitate to reply with your suggestion in the comment