How no-code platforms like EasySend are changing the digital transformation landscape in insurance

0
How no-code platforms like EasySend are changing the digital transformation landscape in insurance
geralt / Pixabay

Enterprise digital transformation is not simple by any means. Still, in regulated industries such as banking, insurance, and asset management, the task is further compounded by old-school legacy systems, compliance, and security standards.

Play Quizzes 4

Get The REITs eBook in PDF

Get our PDF study on REITs and our other investor studies! Save it to your desktop, read it on your tablet, or email to your colleagues.

Q1 2020 hedge fund letters, conferences and more

But with the surge in demand for remote servicing and remote work that is sweeping the globe as a result of the ongoing COVID-19 pandemic, IT leaders have to embrace change and do so quickly.

Maverick Capital Slides 22.9% In Q1, Short Bets Yield Positive Returns [Exclusive]

investor 1652197064Maverick Capital's flagship hedge fund lost -22.9% in the first quarter of 2022 according to a copy of the firm's quarterly update, which ValueWalk has been able to review. The firm's flagship fund, Maverick Fundamental Hedge, accounts for $3.7 billion of the group's $8.1 billion of assets under management. Even after losses in the first Read More

How do organizations move forward amidst soaring uncertainty? 

The answer is flexibility. Companies may need to use multiple supply chains or find different avenues for delivery of products or services. Existing business models will give way to solutions that provide for greater flexibility. And no-code development platforms are uniquely positioned to deliver just that.

What is no-code development, and how can insurers benefit from it?

A no-code development platform is a tool that makes it possible for citizen developers (business users without a technical background or coding skills) to create apps through a visual, drag-and-drop environment. Here is why no-code platforms are the future of digital transformation in insurance:

No-code tools deliver agility

A slow-moving enterprise is a thing of the past. In a rapidly evolving landscape, speed is the name of the game. No-code tools speed up release cycles of new digital products by a factor of 10 by delivering templates and pre-made components for common use-cases and customizing according to brand guidelines without needing to involve IT.

Reduced development and maintenance costs

Resource-strapped companies are looking for every opportunity to slash costs and when it comes to digital transformation, human resource expenses can be astronomical. By giving the power to develop digital tools to business users with minimal IT support, insurance companies can save tremendous resources.

Superior customer experience

Servicing customers remotely through a call-center, customer portal, app, or a website is no longer optional. At the same time, customer expectations are as high as ever. Agility and the ability to change directions quickly, understand customer needs, and continuously evolve processes and improve upon existing workflows is a competitive advantage that is hard to dismiss.

Shifting gears on digital transformation in insurance

Insurers can no longer afford to keep business as usual when it comes to customer experience. Now more than ever, the industry needs to find quick and effective solutions for eliminating manual processes, paper-based workflows, and tedious paperwork. No-code platforms are uniquely positioned to deliver this goal.

About EasySend 

EasySend is a process streamlining and intelligent automation company. EasySend’s no-code platform is used by leading insurers, financial institutions, and other companies to change their industries by digitizing customer journeys. EasySend is putting an end to inefficient manual internal processes and frustrating paperwork that impede data collection, customer service, customer satisfaction, and revenue growth.

Updated on

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at theflask@gmail.com</i>
Previous article Digital Identity – Anything Used Correctly Is Useful
Next article Four Ways To Outwit A Pandemic

No posts to display