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The second development recognized in Accenture's Imaginative and prescient Accuracy Know-how Report for 2019 is to raised perceive the buyer. The rise of information assortment within the publish – digital period affords beforehand unthinkable prospects. Interactions with digital instruments and the Web of Issues create an id for every insurance coverage consumer – and unlocking this info is crucial to understanding the following era of customers.

The info can be important not just for this, but additionally for the creation of wealthy, individualized and expertise – based mostly relationships within the publish – digital period.

I've lately written in regards to the energy of information to generate worth for incapacity claims, however at this time I wish to discover how knowledge can be important not only for understanding the following era of insurance coverage purchasers, but additionally to develop wealthy, individualized and experience-based relationships. the post-digital period.


Digital applied sciences are actually so built-in into individuals's lives that they’ve develop into ubiquitous. Whether or not it’s an utility for smartphone, a wearable know-how, a web-based platform or many different contact factors, client conduct helps corporations create particular person identities – and insurers use them to create a brand new era of affords.

Digital knowledge affords insurers the chance to play a higher position with particular person customers, as a threat coach or way of life advisor, for instance, to assist clients cut back their publicity to threat. threat. The potential of this cannot be overestimated. Stopping a declare earlier than it occurs is likely one of the most fascinating and helpful features of information within the post-digital period, with appreciable advantages for all events.


Future-oriented insurers are embarking on figuring out know-how to customise their product and repair choices. When customers plan to supply extra personalised affords, they’re an increasing number of comfy with the concept of ​​offering the private knowledge wanted to create them.

Within the 2019 survey of 47,000 customers within the 2019 Accenture International Monetary Providers survey, 31% mentioned they want their financial institution or insurer to supply new channels corresponding to wearable gadgets. or robots, and 44% can be keen to take out insurance coverage from a web-based service supplier corresponding to Amazon or Google.

An instance of that is the AON Properly One Well being Technique utility. The appliance makes use of clever evaluation of information collected through the bodily, emotional, social and monetary contact factors of people, groups and your complete group. By creating an intuitive and easy-to-navigate expertise, AON is ready to create an entire image of the person or group and supply focus and readability, whereas encouraging wholesome conduct within the office. the entire group.

By understanding the know-how utilized by customers and the best way it makes use of it, as did, insurers are capable of unlock the knowledge wanted to develop methods for the longer term. Actually, 84% of insurance coverage executives imagine that client digital demographics have gotten a extra highly effective technique to perceive their enterprise clients.


Greater than 80% of customers of monetary companies are keen to share private info with their financial institution or insurer in trade for advantages, however provided that insurers can supply an applicable profit, corresponding to a discount in costs , a precedence service or a extra personalised service.

One other side of information consent is resolving confidentiality points. Insurers should discover methods to take care of client confidence by growing robust and clear privateness methods and protections. Dropping a client's confidence by creating an expertise that, in his opinion, undermines his non-public life means dropping a buyer. Operators want to know the place every buyer attracts the road between privateness and individualization, and keep inside these boundaries.

With the intention to keep client consent, insurers ought to plan to mix present buyer information with knowledge derived from know-how identities, whereas remaining targeted on the related "glow quotients" in your clients. If this may be performed, insurance coverage has the potential to launch untold worth.

In my subsequent article, I’ll discover the development of Human + Employee – what it’s and the way new know-how is advancing it.

To be taught extra about Accenture's 2019 Know-how Imaginative and prescient, you possibly can obtain it right here. If you wish to know extra about know-how, tendencies and insurance coverage, I encourage you to go to the Accenture weblog.