Booming InsurTech Apps Transforming the Insurance Sector

Why Choose Mobile App for Your Insurance Business?

• Creating Undisrupted connections with customers 

Modern buyers are wiser than ever who spend money after detailed research. As per studies, more than 85% of buyers opt for thorough online searching before placing any order. Another study also shows the users’ interest in communicating via chatbots. So, there is no point in denying the role of these apps in creating undisrupted communication with customers. 

• Studying Customer Data

Mobile analytics analysis gets convenient with InsurTech solutions. These apps gather structured data in various forms. A few of them are quantitative data, identity data, descriptive data, etc. 

• Increasing the User Reach 

Turning clients into business affiliates is a goal of business owners. You can do this with the help of referral programs. It comes with dual benefits. The first fact is the recruitment cycle optimization for customers that can target a broader range of clients. Also, promoting your insurance platforms in the related apps targets a wider audience. 

A Few Demandable InsurTech Apps in 2021

The number of InsurTech development companies is rising. Such companies have made numerous InsuTech apps already. The upcoming lines will explain some of the top InsurTech apps in brief.

• Steppie

Steppie is one of the finest InsurTech apps. Business Insider considered this one of the top-fitted apps for FinTech Startups in 2020. The primary focus of this app is to grab the app users’ attention to a healthy lifestyle. Steppie does this by encouraging them in different activities.

It rewards users by points. With increased points, chances of getting better health insurance increase. Also, Steppie promotes participation in healthy activities. You also can get special discounts by maintaining daily routines, including walking, bike riding, running, etc.  

• Lemonade

Lemonade is a top InsurTech company providing policies for renters since 2015. This app influences AI, chatbots for claim processing, and policies underwriting. The exceptional feature of this app includes it asks for the maximum amount of fixed fees. And excess premium amount gets distributed to different charities all over the years. A per-person basis is the way of premium calculations. The sign-up time of the policyholder sets the distribution.

• Quantee  

It is another next-gen app created by an InsurTech development company. This famous insurance app is helpful to provide accurate and relevant data science solutions in the insurance sector. This company is working on the AI risk management system. Also, Quantee throws light on algorithms that value insurance products. As experts say, it will bring revolution to this sector. 

• Neos

Neos works with smart-grade home insurance policies and is a proud user of the IoT. With IoT devices integration infrastructure of this app assumes different safety-related facts, including the camera installation, sensors, smoke detector tools, etc. Neos is a life-saver that gives required alerts to property- owners about mishaps like fire, break-ins, etc. 

• Hippo

Hippo is one of the best apps built by an InsurTech development company. It gets notable popularity in the InsurTech app development sector, especially for offering simplified coverage. This app becomes a leading name for introducing a new approach to insurance. Besides, this app determines a new standard for a range of proactive insurance products in different industries. IoT technology needs a special mention. Using these devices, an insurer can identify even minor home-related issues. 

• NuBank

Nubank has ruled the app development sector by offering transparent money management solutions. You get all required banking details and other relevant things, including credit cards, insurance offers, loan accounts in NuBank. This app does not need any specific maintenance charge. Money transferring options are unlimited in NuBank.

Conclusion 

So, these are some next-gen InsurTech apps developed by a reputable app InsurTech development company. Don’t wait for anything. Hire dedicated and trusted developers and build your next InsurTech app. To give an edge to your insurance business, contact us and get the top-fitted InsurTech solution according to your needs. We are a leading app development company you may rely upon without any worry. With our app development solutions, our clients can achieve their goals in a tailored, high-quality manner.