Insurance Chatbot Templates Conversational Landing Pages by Tars

Adopting AI and the use of chatbots specifically all aims to improve the customer experience, which is crucial to the success of insurers and agents alike. Artificial intelligence (AI) has changed the insurance industry – and customer service is no exception. And now, insurance chatbots have accentuated the proficiency of these tactics. The information gathered by chatbots can provide valuable insights into customer’s behavior, preferences, and issues.

What we found is that chatbots and intelligent virtual assistants (IVAs) are increasingly effective in key areas that require 24/7 assistance and quick responses—which, of course, includes healthcare. Across all industries, the survey found that most consumers (56.5%) find chatbots very or somewhat useful. Many companies have deployed chatbots for insurance, but not all of them are up to standard.

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Indian insurance marketplace PolicyBazaar has a chatbot called “Paisa Vasool”. It helps users with tasks such as finding the right insurance product and comparing different policies. In 2022, PolicyBazaar also launched an AI-Enabled WhatsApp bot for the purpose of settling health insurance claims. You can use artificial intelligence assistants, such as chatbots, to automate various service tasks. These ways range from handling insurance claims to accessing the user database. Insurance chatbots can help customers easily renew their policy – and pay for it – all within one conversation.

Opening up its Messenger platform for anyone to develop and deploy Chatbots also opens the door for the automated insurance agent. Whereas the banking focus of Fintech was all about “disruption”, the digital innovation focus of InsurTech is about “rapid evolution”. A great example of this is the Chatbot, which is short hand for an automated insurance agent in our market.

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Furthermore, chatbots can manage several customer interactions simultaneously, guaranteeing that no client for a reply or stuck on hold for hours. Many insurance companies use AI chatbots to automate claim handling and customer support. These chatbots can also help in bringing down human errors in the application process.

Conversational insurance helps eliminate the frustration and confusion that leads to customer service calls, or worse, customer churn. The better the level of support and guidance you are able to provide to your customers, the more satisfied and loyal they are going to be. They are also more likely to recommend your service to others, as Conversational Insurance is proven to increase NPS by 2X. AI-powered chatbots can be used to do everything from learning more about insurance policies to submitting claims. Haptik, a vendor of conversational AI, works with Fortune 500 companies like Disney, HP, Unilever, and others.

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In this case, your one-for-all support approach will take a backseat while your agents will take extra efforts to access the customer profile to give them answers. Conventionally, claims processing requires agents to manually gather and transfer information from multiple documents. With this system, it’s difficult to scale and bring speed to the process.

The future of insurance chatbots also holds a promise of improved fraud detection. Chatbots eliminates long wait time and automates the insurance claim process. When a policyholder files an insurance claim, chatbots can collect all the necessary documents, data, images, and videos. This saves the customers time waiting for a human agent to start processing claims.

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