A new kind of health insurance network

| December 25, 2018

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Once upon a time, navigating the health care system was straightforward. People went to their local doctor for basic issues, and they went to the hospital for anything major. They found these providers through word-of-mouth or sheer proximity. While today’s modern health care system is much more complex than it was in the early 1900s, many insurers have retained an antiquated view of how consumers find and access care. They assume that, given a long list of in-network doctors and medical systems in their area, consumers will figure out how to navigate the system.

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Covera

The annual process of shopping for insurance is confusing and time consuming. It’s no wonder 80% of Canadians let their policies automatically renew. Covera is a simple solution that proactively re-shops on your behalf, leaving you confident that you have the best fit insurance coverage, year-after-year.

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The impact of Coronavirus on the insurance industry

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Do you know what the UK insurance industry is going through? A disruption that calls for complete metamorphosis. Not so different from what the whole world is going through at the moment. Crafting one-size-fits-all products and expecting them to sell like hotcakes is a huge misconception. Customers want products to be as personalised as possible. Pay per mile insurance or lower car insurance premiums for safe drivers are some examples. In the current global crisis, personalised life insurance would look like factoring in the unique health/ living conditions of the person and then providing insurance options.

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3 MODERNIZATION OPTIONS FOR INSURERS

Article | April 7, 2020

The global outbreak of coronavirus has exposed an unpleasant truth: many insurers are stuck with legacy systems that prevent them from offering seamless digital experiences to their customers and/or employees. Even more damaging, they can’t lower operating costs at a time when claims are climbing, and margins are disappearing. This isn’t a momentary problem. As bleak as things seem at the moment, one day this crisis will be over…and property & casualty (P&C) providers will still seek to modernize to remain competitive. Reconciling this seemingly contradictory mission – how can an insurer reduce operating costs while providing a better experience?

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Spotlight

Covera

The annual process of shopping for insurance is confusing and time consuming. It’s no wonder 80% of Canadians let their policies automatically renew. Covera is a simple solution that proactively re-shops on your behalf, leaving you confident that you have the best fit insurance coverage, year-after-year.

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