Insurance

Transform Your Insurance: SATAT’s Digital Solutions for a Seamless Customer Journey

At SATAT, we specialize in enabling insurance providers to undergo digital transformation. Our expertise lies in the seamless digitization of the complete customer lifecycle for insurance firms. With experience in delivering extensive services to insurance industry clients, SATAT is equipped to aid in developing a strong insurance system.

Let’s explore a customer’s journey with life insurance and demonstrate how SATAT can help you achieve new heights of excellence.

Customer Onboarding

Customers can contact you from anywhere, anytime, and still receive a quote. The process is rate engine dependent.

Quote generation

Customers expect accuracy and customization when requesting insurance quotes. SATAT possesses extensive expertise in creating custom rate engines tailored to specific requirements. Furthermore, we can help integrate third-party rate engines into your insurance solution, ensuring seamless functionality and compatibility.

How it works

1st step

We collect information about the customer. This information is then used in the rate engine, which is guided by the rate manual created by the actuary.

2nd Step

The rate manual assesses customer eligibility based on factors like age and history. Once determined, the rate engine generates personalized quotes, offering tailored coverage options.

3rd Step

The rate engine also creates a user-friendly payment plan that outlines current and future payments. This feature simplifies the process and ensures a seamless customer experience.

4th Step

After receiving the quotes, customers can effortlessly move forward with the onboarding process, which involves clear explanations and electronic signing.

USA based insurance company cuts cost by $500K and saves $50K annually!

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CLAIM PROCESSING

Once the customer is onboard, we implement the following procedures to improve communication with your customer:

Incident Intimation

Our user-friendly platform not only aids customers in reporting incidents but also efficiently tracks the entire process. By capturing essential details like the date and place of the incident, the claim can be initiated swiftly, ensuring a smooth and timely resolution. Additionally, our system offers real-time updates, keeping customers informed at every stage of their claim journey.

Incidence Intelligence

Our system collects relevant information from users, including photos, reports, and other critical data. This ensures that all the necessary details and documents are gathered. Customers can upload all necessary documents directly through our platform, eliminating the need for manual document submission. Thus, claims are processed efficiently with minimal delays, increasing customer satisfaction and reducing the possibility of fraud.

Acceptance or Rejection

If a claim meets the predetermined criteria for acceptance, customers are notified, and the process moves forward. A clear explanation is provided if a claim is rejected to ensure transparency and understanding.

In cases where approval is missing customer is provided with appropriate interpretation and references which play a role in the decision to help understand the decision and have transparency.

ADDITIONAL POINTS CAN BE

Reducing claims with customer education, gaming & improving customer behavior using positive feedback & sharing part of savings with customers using renewal discounts.

Utilizing AI/machine learning to improve claims processing turnaround & reducing fraud.

Using hardware solution integration for tracking customer behavior, providing relevant feedback, measuring positive financial impact & rewarding customers.

Begin Your Journey with Satat.

Satat a reliable service provider for insurance companies, offering an expert technical backbone to the complexities of the modern business landscape. Feel free to reach out to us for further details!