In the world of hyper-personalized market, the insurance sector is grappling with new regulations and challenges of customer retention. Customers are looking for flexible policies that can be adjusted to their requirements whenever they want from wherever they want. The faster the solutions are delivered, the better. Slowly but surely, the insurance sector is rising up to this challenge.
For the tech-savvy users, applications are the means to perform any business. When it comes to insurance, they expect the same speed and agility as they settle their finances, opt for a new policy, pay the premium for an existing policy, claim insurance for an accident, or wants to change policy renewal dates. Realizing this need, insurance companies are investing in low-code platforms to better communicate with their customers.
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