Why Professional Chatbot Development is Critical for Your Insurance Company

Chatbot Development for Insurance 

According to leading experts, 2018 proved to be a strong year for insurance companies. Although insiders predict a few bumps in the road for future, there is no question that insurance ranks among the most competitive industries. For that reason, now is the time to rely on professional assistance. Especially when it comes to chatbot development, you want a top-rated company at the helm.

In case you know little about chatbots, this type of artificial intelligence creates an avenue for having more meaningful interactions with both prospects and current clients. With a professionally developed program, a chatbot simulates a conversation with humans over the internet.

Have you ever visited a website wishing you had a way to ask a quick question? A chatbot makes that possible. For your insurance company, clients can select to interact by typing out a question or posting a concern. In exchange, that user receives an almost immediate response, saving the individual valuable time. However, the chatbot also benefits your business tremendously.

Regardless of the type of insurance you provide, whether health, property, disability, life, etc., the best way to deliver efficient, fast, and automated responses, as well as underwriting and claim management, is by implementing chatbots powered by artificial intelligence. Studies show that using chatbots has the ability to save the insurance industry as much as $12 billion.

Chatbots take interactions and conversational engagement to an entirely new level. Instead of having your staff answer customer inquiries, schedule meetings, provide policy information, and so on, you can rely on chatbots to perform seamlessly. With less on their plates, your employees can focus on other business-related matters, which, as a result, increases productivity and reduces stress.

You can even have a development company create chatbots that conduct new employee training. In this case, your HR manager has a highly technical solution for the recruiting process, handling internal communications, making the onboarding process easier, and again, reducing the workload of your employees answering repeatedly asked questions. At the same time, chatbots are an excellent way to collect analytics for better decision-making.

Key Benefits

A well-designed chatbot program offers several key benefits to the insurance industry, including:

• 24-hour access
• Enhanced client engagement
• Improved customer service
• Reduced cost
• Increased repeat purchases
• Personalization
• Locate a brick-and-mortar insurance agency address
• Check claims status
• Check policy status

All those things combined work to create a seamless operation, making your insurance company stand out. Facing fierce competition, it is imperative that you adopt the right technology. Leading the pack are chatbots, which have already proven their value for thousands of companies just like yours. Instead of becoming lost in the mix, take the opportunity to discuss your needs with a professional chatbot development company.

What to Look for in a Professional Chatbot Development Agency

For you to leverage all the benefits provided by chatbots, you want to hire a company that can deploy a superior program that serves as a virtual agent. As you can imagine, utilizing chatbots dramatically reduces manpower, which in turn cuts back on operating expenses. Not only that, but chatbots also improve the overall customer service experience, which for this industry is vital.

Especially in today’s busy world, nothing is more frustrating than waiting for someone to take your call or to receive a response to an email about a simple inquiry. Chatbots work quickly and efficiently in providing relevant information. Also, as a self-service solution, potential and existing clients can use a chatbot at their convenience.

When searching for a development company, select one that can implement a chatbot program that works on top social messaging applications.

You also want to select a company that provides training. As a result, your internal staff gains knowledge as to how the program works and the types of solutions it provides. Keep in mind that chatbots do not take the place of human support, but they do serve as the first interaction with your insurance company in many situations.

The right development company will also deploy chatbots on various mobile messaging apps. With that, your clients can gain information or receive answers from virtually anywhere and at any time of day or night. You will end up with chatbots that use natural-speaking language, making it easy to connect with users.

In fact, depending on the goal, look for a development company capable of implementing more than one chatbot. For instance, you could have one program that helps sell different types of insurance policies while another one responds to questions about pending claims. With simultaneous interactions, you provide your clients with exceptional value.

Another thing to consider is handing off automation to live customer service representatives. During the development process, the professionals can create a chatbot that knows when a user needs personal assistance from a human. Instead of the individual calling your insurance company back, the program notifies one of your employees, who in turn, contacts the client.

Chatbots are more than a powerful marketing strategy. When developed correctly, the program can monitor and track information to help you run a smoother operation. In this case, your chatbots could predict which client claims will take longer to handle and which ones are most likely to result in a settlement. You can then use that data to improve on how you conduct business.

Although chatbots provide incredible benefits, implementing them is relatively complicated. Even if you have skilled IT people in your company, it is best to leave the development process to the experts. Along with some of the basic features, the professionals know how to utilize chatbots to their fullest, again, identifying claim patterns, analyzing trends, and more.

You also need to remember the insurance industry is unique. Therefore, you want to work with a development company that has both experience and expertise in this area. Once you have this technology in place, you will see a significant improvement in client satisfaction and an increased return on revenue.

If your business need help with digital marketing and/or with Chatbot then please connect with us via messenger 🙂 or setup a quick demo via link below.

Setup your free Success call with our team and figure out how you can take your Insurance Agency to next level.