SlideShare a Scribd company logo
1 of 1
Download to read offline
PROCESS
INTEGRATION
DATA
RULES
SECURITY
INTERFACE
CONTENT
ANALYTICS/REPORTS
COLLABORATION
MOBILE
INSURANCE CUSTOMER EXPERIENCE
TRENDS IN THE AGE OF DIGITAL
97%of L&A
Insurers
94%of P&C
Insurers
IMPROVING
CUSTOMER
EXPERIENCE
WAS LISTED AS THE
1
CX
STRATEGIC
INITIATIVE*#
Insurers Recognize the Changing Expectations
Over Half Mapped or Plan to Map Customer Journeys**
Creating a Seamless Customer Experience
50%
28%
17%
5%
0%
Plan to
Map
Mapped and
Implemented
Mapped, Plans
to Implement
No Plans to Map or
Don’t Know Their
Company’s PlansMapped,
but No
Further
Plans
DIGITAL TRANSFORMATION
FOR THE CONNECTED
CUSTOMER EXPERIENCE
#theconnectedinsurer
Insurers Need to Adapt and Deliver
Consider These Statistics...
Significant Investments are Being Made in CX Projects***
46%CRM
44%Web/Digital
39%Insured
Self-Service
For Property & Casualty
71%Web/Digital
46%Insured
Self-Service
39%CRM
For Life & Annuity
The Good News...
Putting the customer at the center of your enterprise
to create a seamless customer experience is possible.
Achieve operational
excellence with the Appian
Low-Code Digital Platform
for a seamless experience
that goes beyond
policyholders, to brokers
and producers as well.
Insurers looking to gain a competitive
advantage must put strategy into
action to change the customer
experience through digital
transformation.
Top 3 CX Projects, % of Insurers with Significant Investments
* Source: SMA Research, 2017 IT Spending and Priorities, n=87
** Source: SMA Research, Customer Experience 2014, n=61
*** Source: SMA Research, Insurance Ecosystem 2016, n=116

More Related Content

More from Appian

Modernize Your Acquisition Platform Through Digital Transformation
Modernize Your Acquisition Platform Through Digital TransformationModernize Your Acquisition Platform Through Digital Transformation
Modernize Your Acquisition Platform Through Digital TransformationAppian
 
How Manufacturers Can Drive Efficiency With Interconnected Processes
How Manufacturers Can Drive Efficiency With Interconnected ProcessesHow Manufacturers Can Drive Efficiency With Interconnected Processes
How Manufacturers Can Drive Efficiency With Interconnected ProcessesAppian
 
The Key to Successful Digital Transformation in Life Sciences
The Key to Successful Digital Transformation in Life SciencesThe Key to Successful Digital Transformation in Life Sciences
The Key to Successful Digital Transformation in Life SciencesAppian
 
Why Contact Center Operators Need to Take Advantage of Intelligent Automation
Why Contact Center Operators Need to Take Advantage of Intelligent AutomationWhy Contact Center Operators Need to Take Advantage of Intelligent Automation
Why Contact Center Operators Need to Take Advantage of Intelligent AutomationAppian
 
How Digital Will Impact the Federal Government this Year
How Digital Will Impact the Federal Government this YearHow Digital Will Impact the Federal Government this Year
How Digital Will Impact the Federal Government this YearAppian
 
The Top 5 Trends in Customer Centers
The Top 5 Trends in Customer CentersThe Top 5 Trends in Customer Centers
The Top 5 Trends in Customer CentersAppian
 
5 Questions Financial Institutions Should Ask About GDPR Readiness
5 Questions Financial Institutions Should Ask About GDPR Readiness5 Questions Financial Institutions Should Ask About GDPR Readiness
5 Questions Financial Institutions Should Ask About GDPR ReadinessAppian
 
Six Myths of Digital Transformation Debunked
Six Myths of Digital Transformation DebunkedSix Myths of Digital Transformation Debunked
Six Myths of Digital Transformation DebunkedAppian
 
COTS vs aPaaS: When 80% isn’t Good Enough
COTS vs aPaaS: When 80% isn’t Good EnoughCOTS vs aPaaS: When 80% isn’t Good Enough
COTS vs aPaaS: When 80% isn’t Good EnoughAppian
 
How to Simplify and Streamline Process Improvement with BPM
How to Simplify and Streamline Process Improvement with BPMHow to Simplify and Streamline Process Improvement with BPM
How to Simplify and Streamline Process Improvement with BPMAppian
 
Keeping the Banking Customer at the Center of the Transformation Journey
Keeping the Banking Customer at the Center of the Transformation JourneyKeeping the Banking Customer at the Center of the Transformation Journey
Keeping the Banking Customer at the Center of the Transformation JourneyAppian
 
Process Excellence Essential as Business Face Unrelenting Technological Change
Process Excellence Essential as Business Face Unrelenting Technological ChangeProcess Excellence Essential as Business Face Unrelenting Technological Change
Process Excellence Essential as Business Face Unrelenting Technological ChangeAppian
 
How Manufacturers Can Transform Around Digital
How Manufacturers Can Transform Around DigitalHow Manufacturers Can Transform Around Digital
How Manufacturers Can Transform Around DigitalAppian
 
Digital Transformation in Retail - How Brands are Preparing for the Holidays
Digital Transformation in Retail - How Brands are Preparing for the HolidaysDigital Transformation in Retail - How Brands are Preparing for the Holidays
Digital Transformation in Retail - How Brands are Preparing for the HolidaysAppian
 
Future Trends in Federal Grants Management
Future Trends in Federal Grants ManagementFuture Trends in Federal Grants Management
Future Trends in Federal Grants ManagementAppian
 
3 Signs RPA is For You
3 Signs RPA is For You3 Signs RPA is For You
3 Signs RPA is For YouAppian
 
Is Low-Code Enough to Build Enterprise-Class Apps?
Is Low-Code Enough to Build Enterprise-Class Apps?Is Low-Code Enough to Build Enterprise-Class Apps?
Is Low-Code Enough to Build Enterprise-Class Apps?Appian
 
Low-Code vs. Programming – It Isn’t an Either/Or Decision
Low-Code vs. Programming – It Isn’t an Either/Or DecisionLow-Code vs. Programming – It Isn’t an Either/Or Decision
Low-Code vs. Programming – It Isn’t an Either/Or DecisionAppian
 
How Smart Software Drives Down the Cost of Pension Operations
How Smart Software Drives Down the Cost of Pension OperationsHow Smart Software Drives Down the Cost of Pension Operations
How Smart Software Drives Down the Cost of Pension OperationsAppian
 
How to Deliver Your Digital Insurance Strategy with a Digital Transformation ...
How to Deliver Your Digital Insurance Strategy with a Digital Transformation ...How to Deliver Your Digital Insurance Strategy with a Digital Transformation ...
How to Deliver Your Digital Insurance Strategy with a Digital Transformation ...Appian
 

More from Appian (20)

Modernize Your Acquisition Platform Through Digital Transformation
Modernize Your Acquisition Platform Through Digital TransformationModernize Your Acquisition Platform Through Digital Transformation
Modernize Your Acquisition Platform Through Digital Transformation
 
How Manufacturers Can Drive Efficiency With Interconnected Processes
How Manufacturers Can Drive Efficiency With Interconnected ProcessesHow Manufacturers Can Drive Efficiency With Interconnected Processes
How Manufacturers Can Drive Efficiency With Interconnected Processes
 
The Key to Successful Digital Transformation in Life Sciences
The Key to Successful Digital Transformation in Life SciencesThe Key to Successful Digital Transformation in Life Sciences
The Key to Successful Digital Transformation in Life Sciences
 
Why Contact Center Operators Need to Take Advantage of Intelligent Automation
Why Contact Center Operators Need to Take Advantage of Intelligent AutomationWhy Contact Center Operators Need to Take Advantage of Intelligent Automation
Why Contact Center Operators Need to Take Advantage of Intelligent Automation
 
How Digital Will Impact the Federal Government this Year
How Digital Will Impact the Federal Government this YearHow Digital Will Impact the Federal Government this Year
How Digital Will Impact the Federal Government this Year
 
The Top 5 Trends in Customer Centers
The Top 5 Trends in Customer CentersThe Top 5 Trends in Customer Centers
The Top 5 Trends in Customer Centers
 
5 Questions Financial Institutions Should Ask About GDPR Readiness
5 Questions Financial Institutions Should Ask About GDPR Readiness5 Questions Financial Institutions Should Ask About GDPR Readiness
5 Questions Financial Institutions Should Ask About GDPR Readiness
 
Six Myths of Digital Transformation Debunked
Six Myths of Digital Transformation DebunkedSix Myths of Digital Transformation Debunked
Six Myths of Digital Transformation Debunked
 
COTS vs aPaaS: When 80% isn’t Good Enough
COTS vs aPaaS: When 80% isn’t Good EnoughCOTS vs aPaaS: When 80% isn’t Good Enough
COTS vs aPaaS: When 80% isn’t Good Enough
 
How to Simplify and Streamline Process Improvement with BPM
How to Simplify and Streamline Process Improvement with BPMHow to Simplify and Streamline Process Improvement with BPM
How to Simplify and Streamline Process Improvement with BPM
 
Keeping the Banking Customer at the Center of the Transformation Journey
Keeping the Banking Customer at the Center of the Transformation JourneyKeeping the Banking Customer at the Center of the Transformation Journey
Keeping the Banking Customer at the Center of the Transformation Journey
 
Process Excellence Essential as Business Face Unrelenting Technological Change
Process Excellence Essential as Business Face Unrelenting Technological ChangeProcess Excellence Essential as Business Face Unrelenting Technological Change
Process Excellence Essential as Business Face Unrelenting Technological Change
 
How Manufacturers Can Transform Around Digital
How Manufacturers Can Transform Around DigitalHow Manufacturers Can Transform Around Digital
How Manufacturers Can Transform Around Digital
 
Digital Transformation in Retail - How Brands are Preparing for the Holidays
Digital Transformation in Retail - How Brands are Preparing for the HolidaysDigital Transformation in Retail - How Brands are Preparing for the Holidays
Digital Transformation in Retail - How Brands are Preparing for the Holidays
 
Future Trends in Federal Grants Management
Future Trends in Federal Grants ManagementFuture Trends in Federal Grants Management
Future Trends in Federal Grants Management
 
3 Signs RPA is For You
3 Signs RPA is For You3 Signs RPA is For You
3 Signs RPA is For You
 
Is Low-Code Enough to Build Enterprise-Class Apps?
Is Low-Code Enough to Build Enterprise-Class Apps?Is Low-Code Enough to Build Enterprise-Class Apps?
Is Low-Code Enough to Build Enterprise-Class Apps?
 
Low-Code vs. Programming – It Isn’t an Either/Or Decision
Low-Code vs. Programming – It Isn’t an Either/Or DecisionLow-Code vs. Programming – It Isn’t an Either/Or Decision
Low-Code vs. Programming – It Isn’t an Either/Or Decision
 
How Smart Software Drives Down the Cost of Pension Operations
How Smart Software Drives Down the Cost of Pension OperationsHow Smart Software Drives Down the Cost of Pension Operations
How Smart Software Drives Down the Cost of Pension Operations
 
How to Deliver Your Digital Insurance Strategy with a Digital Transformation ...
How to Deliver Your Digital Insurance Strategy with a Digital Transformation ...How to Deliver Your Digital Insurance Strategy with a Digital Transformation ...
How to Deliver Your Digital Insurance Strategy with a Digital Transformation ...
 

Recently uploaded

APIForce Zurich 5 April Automation LPDG
APIForce Zurich 5 April  Automation LPDGAPIForce Zurich 5 April  Automation LPDG
APIForce Zurich 5 April Automation LPDGMarianaLemus7
 
Scanning the Internet for External Cloud Exposures via SSL Certs
Scanning the Internet for External Cloud Exposures via SSL CertsScanning the Internet for External Cloud Exposures via SSL Certs
Scanning the Internet for External Cloud Exposures via SSL CertsRizwan Syed
 
Human Factors of XR: Using Human Factors to Design XR Systems
Human Factors of XR: Using Human Factors to Design XR SystemsHuman Factors of XR: Using Human Factors to Design XR Systems
Human Factors of XR: Using Human Factors to Design XR SystemsMark Billinghurst
 
Connect Wave/ connectwave Pitch Deck Presentation
Connect Wave/ connectwave Pitch Deck PresentationConnect Wave/ connectwave Pitch Deck Presentation
Connect Wave/ connectwave Pitch Deck PresentationSlibray Presentation
 
SQL Database Design For Developers at php[tek] 2024
SQL Database Design For Developers at php[tek] 2024SQL Database Design For Developers at php[tek] 2024
SQL Database Design For Developers at php[tek] 2024Scott Keck-Warren
 
Pigging Solutions in Pet Food Manufacturing
Pigging Solutions in Pet Food ManufacturingPigging Solutions in Pet Food Manufacturing
Pigging Solutions in Pet Food ManufacturingPigging Solutions
 
"LLMs for Python Engineers: Advanced Data Analysis and Semantic Kernel",Oleks...
"LLMs for Python Engineers: Advanced Data Analysis and Semantic Kernel",Oleks..."LLMs for Python Engineers: Advanced Data Analysis and Semantic Kernel",Oleks...
"LLMs for Python Engineers: Advanced Data Analysis and Semantic Kernel",Oleks...Fwdays
 
Pigging Solutions Piggable Sweeping Elbows
Pigging Solutions Piggable Sweeping ElbowsPigging Solutions Piggable Sweeping Elbows
Pigging Solutions Piggable Sweeping ElbowsPigging Solutions
 
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 3652toLead Limited
 
My Hashitalk Indonesia April 2024 Presentation
My Hashitalk Indonesia April 2024 PresentationMy Hashitalk Indonesia April 2024 Presentation
My Hashitalk Indonesia April 2024 PresentationRidwan Fadjar
 
Unblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesUnblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesSinan KOZAK
 
Kotlin Multiplatform & Compose Multiplatform - Starter kit for pragmatics
Kotlin Multiplatform & Compose Multiplatform - Starter kit for pragmaticsKotlin Multiplatform & Compose Multiplatform - Starter kit for pragmatics
Kotlin Multiplatform & Compose Multiplatform - Starter kit for pragmaticscarlostorres15106
 
costume and set research powerpoint presentation
costume and set research powerpoint presentationcostume and set research powerpoint presentation
costume and set research powerpoint presentationphoebematthew05
 
Snow Chain-Integrated Tire for a Safe Drive on Winter Roads
Snow Chain-Integrated Tire for a Safe Drive on Winter RoadsSnow Chain-Integrated Tire for a Safe Drive on Winter Roads
Snow Chain-Integrated Tire for a Safe Drive on Winter RoadsHyundai Motor Group
 
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024BookNet Canada
 
Bluetooth Controlled Car with Arduino.pdf
Bluetooth Controlled Car with Arduino.pdfBluetooth Controlled Car with Arduino.pdf
Bluetooth Controlled Car with Arduino.pdfngoud9212
 

Recently uploaded (20)

APIForce Zurich 5 April Automation LPDG
APIForce Zurich 5 April  Automation LPDGAPIForce Zurich 5 April  Automation LPDG
APIForce Zurich 5 April Automation LPDG
 
Scanning the Internet for External Cloud Exposures via SSL Certs
Scanning the Internet for External Cloud Exposures via SSL CertsScanning the Internet for External Cloud Exposures via SSL Certs
Scanning the Internet for External Cloud Exposures via SSL Certs
 
Human Factors of XR: Using Human Factors to Design XR Systems
Human Factors of XR: Using Human Factors to Design XR SystemsHuman Factors of XR: Using Human Factors to Design XR Systems
Human Factors of XR: Using Human Factors to Design XR Systems
 
Connect Wave/ connectwave Pitch Deck Presentation
Connect Wave/ connectwave Pitch Deck PresentationConnect Wave/ connectwave Pitch Deck Presentation
Connect Wave/ connectwave Pitch Deck Presentation
 
SQL Database Design For Developers at php[tek] 2024
SQL Database Design For Developers at php[tek] 2024SQL Database Design For Developers at php[tek] 2024
SQL Database Design For Developers at php[tek] 2024
 
Pigging Solutions in Pet Food Manufacturing
Pigging Solutions in Pet Food ManufacturingPigging Solutions in Pet Food Manufacturing
Pigging Solutions in Pet Food Manufacturing
 
DMCC Future of Trade Web3 - Special Edition
DMCC Future of Trade Web3 - Special EditionDMCC Future of Trade Web3 - Special Edition
DMCC Future of Trade Web3 - Special Edition
 
"LLMs for Python Engineers: Advanced Data Analysis and Semantic Kernel",Oleks...
"LLMs for Python Engineers: Advanced Data Analysis and Semantic Kernel",Oleks..."LLMs for Python Engineers: Advanced Data Analysis and Semantic Kernel",Oleks...
"LLMs for Python Engineers: Advanced Data Analysis and Semantic Kernel",Oleks...
 
Pigging Solutions Piggable Sweeping Elbows
Pigging Solutions Piggable Sweeping ElbowsPigging Solutions Piggable Sweeping Elbows
Pigging Solutions Piggable Sweeping Elbows
 
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
 
My Hashitalk Indonesia April 2024 Presentation
My Hashitalk Indonesia April 2024 PresentationMy Hashitalk Indonesia April 2024 Presentation
My Hashitalk Indonesia April 2024 Presentation
 
Unblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesUnblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen Frames
 
E-Vehicle_Hacking_by_Parul Sharma_null_owasp.pptx
E-Vehicle_Hacking_by_Parul Sharma_null_owasp.pptxE-Vehicle_Hacking_by_Parul Sharma_null_owasp.pptx
E-Vehicle_Hacking_by_Parul Sharma_null_owasp.pptx
 
Kotlin Multiplatform & Compose Multiplatform - Starter kit for pragmatics
Kotlin Multiplatform & Compose Multiplatform - Starter kit for pragmaticsKotlin Multiplatform & Compose Multiplatform - Starter kit for pragmatics
Kotlin Multiplatform & Compose Multiplatform - Starter kit for pragmatics
 
costume and set research powerpoint presentation
costume and set research powerpoint presentationcostume and set research powerpoint presentation
costume and set research powerpoint presentation
 
Snow Chain-Integrated Tire for a Safe Drive on Winter Roads
Snow Chain-Integrated Tire for a Safe Drive on Winter RoadsSnow Chain-Integrated Tire for a Safe Drive on Winter Roads
Snow Chain-Integrated Tire for a Safe Drive on Winter Roads
 
Vulnerability_Management_GRC_by Sohang Sengupta.pptx
Vulnerability_Management_GRC_by Sohang Sengupta.pptxVulnerability_Management_GRC_by Sohang Sengupta.pptx
Vulnerability_Management_GRC_by Sohang Sengupta.pptx
 
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
#StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
 
Hot Sexy call girls in Panjabi Bagh 🔝 9953056974 🔝 Delhi escort Service
Hot Sexy call girls in Panjabi Bagh 🔝 9953056974 🔝 Delhi escort ServiceHot Sexy call girls in Panjabi Bagh 🔝 9953056974 🔝 Delhi escort Service
Hot Sexy call girls in Panjabi Bagh 🔝 9953056974 🔝 Delhi escort Service
 
Bluetooth Controlled Car with Arduino.pdf
Bluetooth Controlled Car with Arduino.pdfBluetooth Controlled Car with Arduino.pdf
Bluetooth Controlled Car with Arduino.pdf
 

Insurance Customer Experience Trends in the Age of Digital

  • 1. PROCESS INTEGRATION DATA RULES SECURITY INTERFACE CONTENT ANALYTICS/REPORTS COLLABORATION MOBILE INSURANCE CUSTOMER EXPERIENCE TRENDS IN THE AGE OF DIGITAL 97%of L&A Insurers 94%of P&C Insurers IMPROVING CUSTOMER EXPERIENCE WAS LISTED AS THE 1 CX STRATEGIC INITIATIVE*# Insurers Recognize the Changing Expectations Over Half Mapped or Plan to Map Customer Journeys** Creating a Seamless Customer Experience 50% 28% 17% 5% 0% Plan to Map Mapped and Implemented Mapped, Plans to Implement No Plans to Map or Don’t Know Their Company’s PlansMapped, but No Further Plans DIGITAL TRANSFORMATION FOR THE CONNECTED CUSTOMER EXPERIENCE #theconnectedinsurer Insurers Need to Adapt and Deliver Consider These Statistics... Significant Investments are Being Made in CX Projects*** 46%CRM 44%Web/Digital 39%Insured Self-Service For Property & Casualty 71%Web/Digital 46%Insured Self-Service 39%CRM For Life & Annuity The Good News... Putting the customer at the center of your enterprise to create a seamless customer experience is possible. Achieve operational excellence with the Appian Low-Code Digital Platform for a seamless experience that goes beyond policyholders, to brokers and producers as well. Insurers looking to gain a competitive advantage must put strategy into action to change the customer experience through digital transformation. Top 3 CX Projects, % of Insurers with Significant Investments * Source: SMA Research, 2017 IT Spending and Priorities, n=87 ** Source: SMA Research, Customer Experience 2014, n=61 *** Source: SMA Research, Insurance Ecosystem 2016, n=116