Making life insurance personal

Making life insurance personal

NEW YORK CITY (May 2, 2018) - Personalization is a significant opportunity for life insurance carriers looking to revolutionize their relationships with customers. In this article, Montoux takes a closer look at some key themes, with examples carriers can aspire to.

Customer relationship

Customers have long been thought to begrudgingly purchase life insurance protection, either as a rite of passage or something an agent or other perceived authority has advised them to do. The nurturing of a customer relationship is not something that has been required of the carrier, as it has traditionally sat with agents working to earn their commission. This lack of an engaged relationship has led to a culture of disconnect, distrust and even resentment toward the carrier companies, and without an agent’s care can lead to lapses in premium payments and ultimately lack of coverage.

Read the rest of the article on Insurance Thought Leadership.

About Montoux

Montoux is the Actuarial Automation and Decision Science platform for life and health insurers. By combining actuarial and data science expertise with automation and machine learning techniques, Montoux provides life and health insurers with a game-changing, cloud-native platform to make data-driven decisions, reduce expenses and improve policyholder lives. Montoux’s customers include several of the world’s leading insurance providers across North America, Europe, Asia and Australasia and the company has been listed on both the Insurtech100 and AIFintech100 lists as one of the most innovative tech companies in the world.

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