Across the country every day, Kenyans are increasingly relying on simple technologies as tools for socio-economic transformation. These innovations have in turn stimulated acquisition of new skills, increased civic participation, and access to Insurance, education, healthcare, public safety among others.

Until recently, insurance has been slow to technological change. The insurance industry seemed to be operating in the same old way while new players worked to technologically disrupt banking and financial management, ticketing, travelling, bill payments etc. That era of stability has ended with increasing deployment of advanced sensor technologies and related services. The Insurers and reinsurers are seeking new and innovative systems to improve service delivery and efficiency within their companies.

A report by Institute on International Finance 2016 examining how technology is beginning to reshape the insurance landscape stated that Insurance is now like other major industries, grappling with the risks and opportunities of new technologies. The report further stated that one of the most exciting implications resulting from these developments is expanded insurability for low- income populations. In turn, this is accelerating competition, innovation and change in insurance.

In light of this, Resolution Insurance has adopted this new technology shift. Recently, we have implemented the SSP Pure Insurance System that is aimed at improving service delivery and simplifying product design processes. The system will drastically reduce exhausting and time consuming manual processes. Customers will benefit from an array of services such as web based application processes, digitized quotes among others.

Further, the integrated portal will support full cycle trading for Resolution Insurance brokers thereby enabling Insurance brokers benefit from single solutions claims management, e-trading across the broker community and overall policy administration.

 

In addition to simplified processes, we cannot ignore the mobile world which is a key innovation contributing to reshaping of the insurance industry today. The growing prevalence of mobile phones provides new methods for insurance firms to communicate with and provide products seamlessly at all hours to their customers, encouraging greater engagement and brand allegiance.

The Insurance market is an information based market since there is a lot of information gathering, processing and distribution and thus technology is needed to manage all this information.

210,757 Comments

  2. In a world where trustworthy information is more important than ever, your commitment to research and providing reliable content is truly commendable. Your dedication to accuracy and transparency is evident in every post. Thank you for being a beacon of reliability in the online world.

  3. 5 Qualities People Are Looking For In Every Door Repair Near
    Me upvc windows near me (Alda)

  7. It’s Time To Forget Double Glazed Window Replacement Near Me: 10 Reasons Why You Don’t Really Need
    It repairman

  11. 15 Amazing Facts About Double Glazing Companies Near Me You’ve Never Known Fitting

  16. These are genuinely enormous ideas in concerning blogging.

    You have touched some nice points here. Any way keep up wrinting.

  17. 20 Up-And-Comers To Follow In The Saab 93
    Key Programming Industry Saab key programming (Peatix.com)

  19. Great post. I was checking continuously this blog and I’m impressed!
    Extremely helpful info particularly the last part 🙂 I care for
    such info a lot. I was looking for this certain information for a long time.
    Thank you and best of luck.

  20. Having read this I believed it was very informative.
    I appreciate you spending some time and energy to put this informative article together.
    I once again find myself spending way too much time both reading and
    leaving comments. But so what, it was still worthwhile!

  25. I all the time emailed this webpage post page to all my friends,
    because if like to read it then my contacts will too.

  27. Hello.This article was really motivating, particularly because I was browsing for thoughts on this subject last Monday.

  28. I am continually impressed by your ability to delve into subjects with grace and clarity. Your articles are both informative and enjoyable to read, a rare combination. Your blog is a valuable resource, and I am sincerely grateful for it.

  32. Wonderful blog! I found it while surfing around on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Many thanks

  38. This article resonated with me on a personal level. Your ability to connect with your audience emotionally is commendable. Your words are not only informative but also heartwarming. Thank you for sharing your insights.

  40. Aw, this was a really good post. Taking a few minutes and actual effort to create a really good article… but what can I say… I procrastinate a whole lot and never manage to get anything done.

  41. This article resonated with me on a personal level. Your ability to emotionally connect with your audience is truly commendable. Your words are not only informative but also heartwarming. Thank you for sharing your insights.

  44. I simply wanted to convey how much I’ve gleaned from this article. Your meticulous research and clear explanations make the information accessible to all readers. It’s abundantly clear that you’re committed to providing valuable content.

Add a Comment

Your email address will not be published. Required fields are marked *