Policygenius launches New Mobile App

Cision PR Newswire | August 12, 2020

Policygenius, the nation's leading online insurance marketplace, announced today the launch of a mobile app that enables consumers to create wills and trusts conveniently on their phones. Consumers can also shop for life and home insurance from the app, creating a mobile one-stop shop for key financial protection needs. As an early insurtech pioneer, Policygenius is well known for digitizing the insurance space for modern consumers. Now, the company is bringing its focus on digital convenience and consumer education to wills and trusts, expanding out of the insurance industry for the first time. Our customers are busy people committed to securing financial protection for their families," Jennifer Fitzgerald, CEO and co-founder of Policygenius, said. "They're often thinking about making an estate plan at the same time they're considering securing life insurance, but knowing where to start can feel overwhelming. We developed this app as a way to provide people with a simple, digital way to handle multiple important financial decisions in one place.

Spotlight

Serious change offers immense opportunity. Appropriately managing risk is a huge growth area for brokers, with 59% 47% of SMEs feeling more confident in their risk preparedness when a broker is involved. Opportunities for brokers in risk management by providing SMEs with more valuable information: Make claims easy for SMEs. Handling clients’ claims is a key asset for brokers. However with only 49% of SMEs satisfied with their claim experience, brokers could improve their service in this area.

Spotlight

Serious change offers immense opportunity. Appropriately managing risk is a huge growth area for brokers, with 59% 47% of SMEs feeling more confident in their risk preparedness when a broker is involved. Opportunities for brokers in risk management by providing SMEs with more valuable information: Make claims easy for SMEs. Handling clients’ claims is a key asset for brokers. However with only 49% of SMEs satisfied with their claim experience, brokers could improve their service in this area.

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Sensely Announces Partnership with Krungthai-AXA Life Insurance

Krungthai-AXA Life Insurance | December 28, 2021

Virtual assistant pioneer Sensely announced a strategic partnership with Krungthai-AXA Life Insurance, a Thailand-based carrier providing health insurance to approximately 500,000 members. Under the partnership, Krungthai-AXA Life has integrated Sensely's technology and health solutions into its recently launched Emma by AXA application, a powerful all-in-one digital solution which offers policyholders instant access to a range of convenient healthcare services and policy information in one application. Emma by AXA includes the evidence-based Sensely Symptom Checker, which highlights Sensely's groundbreaking conversational AI interface, which utilizes a combination of voice, chat, and avatar-based interaction. To start with, users enter their symptoms by conversing with the Sensely avatar. In just a few minutes, users receive a recommendation for the appropriate level of care and information on where to go next. Fast, reliable, and available in both the English and Thai languages, the Sensely Symptom Checker provides Krungthai-AXA Life members with quality information and valuable peace of mind. In addition to the Symptom Checker, Emma by AXA also includes a wide range of other service options: including telehealth, network directory location information, health content, and policy information services, such as electronic insurance cards. "Providing enhanced access to world-class health services creates immediate value for our members, The Emma platform offers a full spectrum of tools and services to enhance health and wellness, helping members to live their best lives, while being delivered with a modern customer experience that leads the industry. Partnering with Sensely helps accelerate our efforts, and we look forward to broadening and deepening the relationship." -Pakawipa Charoentra, Chief Customer Officer of Krungthai-AXA Life. "We've been impressed by the AXA team's commitment to being their policyholders' go-to resource for accessing and navigating healthcare services in a friendly and helpful manner, with digital services playing a leading role, Enabling easy, user-friendly access to trusted health information has never been more important, and we're looking forward to continuing to work with Krungthai-AXA Life to drive increasing member value over time." -Adam Odessky, CEO and Co-founder of Sensely. About Sensely Sensely's avatar and chatbot-based platforms assist insurance plan members and patients with the insurance services and healthcare resources they need, when they need it. With offices in San Francisco, London, Kiev, Manila, and Tokyo, Sensely's global teams provide virtual assistant solutions to insurance companies, hospital systems, and pharmaceutical clients worldwide. About Krungthai-AXA Life Insurance Established in 2007, Krungthai-AXA Life Insurance Public Company Limited (KTAXA) is a partnership between Krungthai Bank PCL., and the AXA Group. Today, Krungthai-AXA Life Insurance Public Company Limited is a fast-growing Life Insurance Company with a new brand promise "Know You Can" which encourages our customers to have self-belief and positions the company as a life partner that aims "to empower people to live a better life."

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Majesco Announces Availability of Expanded Capabilities for Majesco Distribution Management Platform

Business Wire | October 07, 2020

Majesco, a global leader of cloud insurance platform software for insurance business transformation, today announced the general availability of expanded capabilities for the Majesco Distribution Management platform. The producer experience is vital for insurers to recruit and retain the best agents and brokers to drive growth, commented Manish Shah, President and Chief Product Officer for Majesco. The new version of Majesco Distribution Management is a cloud and digital modern distribution platform built leveraging Majesco Digital1st® Platform and Digital1st® EcoExchange capabilities. The new Majesco Distribution Management platform will empower distributors to rapidly onboard, eliminate time-consuming manual paperwork, view reports and manage their business with mobile-ready, digital self-service tools, making it easy to do business with the insurer.

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FastTrack, Insuretech leader announced its migration to a cloud computing platform.

Cision PR Newswire | September 04, 2020

FastTrack, a leading provider of insurtech solutions for the Life & Disability insurance industry, announced today the completion of their migration to a cloud-computing platform. The project resulted in a transition to Microsoft Azure for their entire suite of solutions and was completed without any service disruption to its customers. Leveraging the hosting platform's ability to handle the multiple coding languages employed by FastTrack demonstrates their continued dedication to using all resources at their disposal to create a flexible, easy-to-use platform for their client base without compromising on security. The new model also allows for a system that will seamlessly scale computing needs to match the growth of FastTrack, who has seen a 60% increase in insurance claims under management over the last 12 months.

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