TLDR:
- Insurance industry must focus on customer satisfaction
- Digital transformation is essential for staying competitive
Insurance companies need to adapt to the evolving digital landscape to meet the expectations of the new breed of digital clients. The majority of customers prefer a hybrid approach of online and offline communication, and intermediaries still play a vital role in the process. Leveraging technology is key to meeting customer needs and staying competitive in the rapidly changing insurance sector. Understanding customer motivations and preferences, such as ease of access and personalized services, is crucial. Providing tailored solutions and continuously monitoring customer experiences through digital tools leads to higher customer satisfaction and operational efficiency in the insurance industry.