Email: Password:
Forgot Password

News Archive

Back to List Back to list
Previous Article Next Article

Time for an "always on" culture

24 Nov 2017

The broking market is adapting to the ‘always on’ culture that is seeing customers demand the facility to self-serve at any time of the day, according to insurance software house SSP.

Previously lambasted for a slow uptake to technology, the industry is now starting to keep pace with a generation that wants service around the clock.

“The insurance market, whether we talk about intermediaries or direct, is very much moving into the place of ‘always on’ – consumers expect to be able to be serviced at any point of the night or day in relation to their insurance products and needs,” Adrian Coupland, customer and marketing managing director at SSP, told Insurance Business.

“We are seeing that more and more of our intermediary customers, as well as our insurance company customers, want to be able to provide self-service capability into the market for their clients,” Coupland continued.

But to do this, they need to get the foundation right: “Technology provides that availability and that bridge for brokers to be able to provide a better level of service, and it’s very important that brokers and intermediaries do that,” the MD said.

In the past, the insurance industry was able to justify unfavourable comparisons to the banking industry and the extent to which it provides its customers with self-service technology, by their differing levels of engagement – the notion that customers engage far more frequently with their bank than their insurer.

However, that’s no longer the case, says Coupland.

“The rationale about the interaction level being different was fair several years ago, but actually now, if you want to engage with a service provider – whether it’s once a month or once a year – you expect that service provider to be able to shape that experience around what your engagement is and how you want to engage with them, and to not be dictated to,” he explained.


 - Insurance Business

Previous Article Next Article


Professional IQ

Professional IQ College

Workshops, Online courses, webinars and Qualifications. For upcoming events         click here

Latest Papers:

Closing the Gap - Insuring your business against evolving cyber threats

iNavigator iNavigator Media Center
Provides access to a wide range of industry related media resources

Covernote Cover Note
IBANZ quarterly magazine for the latest on the intermediated insurance market.

Gary's Blog Gary's Blog
Comment on current issues.

© Copyright IBANZ, all rights reserved. Private information collected for this website is governed by our Privacy Policy. Read our Terms & Conditions
Powered by streamSWEET CMS