Mobile technology has changed the way consumers want to interact with businesses and has simultaneously placed increased expectations on insurers for how they should be interacting with customers. According to Strategy Meets Action, “Insurer technology spending continues to rise, with companies that are in transforming or growing mode increasing their budgets by 7%, while those that are just sustaining or surviving are decreasing or maintaining flat budgets.” Perhaps the easiest place for them to start is mobile. But, while many insurers have acknowledged they need a mobile-first strategy and have started to embrace applications for claims management, they’re not currently tapping into their full potential to really transform their businesses. The time is ripe for Insurers to go beyond the basics to offer value-added services that create stickiness with their customers. They need to use mobile to gain new information about their customers, and to use that information to continuously offer better products and services.

Synechron’s InsurTech Accelerators focused on Mobile Applications leverage Synechron’s deep knowledge of insurance products, services, and business operations combined with the expertise with digital strategy.