Top 5 Insurance Chatbot Examples: Most Valuable Use Cases

Verint conducted a survey of American consumers to see how they preferred to interact with their customer service providers. Some questions in the study inquired specifically about healthcare and health insurance. Insurance chatbots have already started to reap success in augmenting customer engagement with the help of AI and VR based technologies. Product Managers are now focussing on infusing human-like attributes to insurance chatbots for making them more engaging and user-friendly. Today, chatbots are providing innovation and added value to the insurance industry.

Hyro is an adaptive communications platform that replaces common-place intent-based AI chatbots with language-based conversational AI, built from NLU, knowledge graphs, and computational linguistics. To develop a chatbot that engages and provides solutions to users, chatbot developers need to determine what type of chatbots would most effectively achieve these goals. Therefore, two things that the chatbot developer needs to consider are the intent of the user and the best help the user needs; then, we can design the right chatbot to address these. Verint also offers 1,100 domain-specific intents patterns of actionable user concepts.

Insurance types and chatbot examples

The chatbot is known as Disha and it has been designed to communicate with customers in a natural way to provide an enhanced customer experience. The insurance company partnered with insurance software development SmallTalk to tailor the attributes of the chatbot. The chatbot can provide tailored insurance policies which match small business owners’ needs. The chatbot gives quick and precise responses which drive customer engagement. Chatbots have gained momentum in terms of application and use cases in recent years. They have practically touched every industry liberating humans of redundant, repetitive, or low-skill tasks.

No more wait time or missed conversations — customers will be happy to know they can reach out to you anytime and get an immediate response. With a proper setup, your agents and customers witness a range of benefits with insurance chatbots. Beyond customer-facing chatbots, insurance providers can deploy chatbots to manage broker relationships. Chatbots can answer queries, especially if they are facing complex client inquiries or need an update on the status of an application. To thrive in this new environment, providers need to become truly customer-centric and rise to meet the expectations of the modern policyholder.

Insurance chatbot benefits

Obtaining life insurance can be a tedious task, and customers might have a lot of queries to even begin with. With a transparent pricing model, Snatchbot seems to be a very cost-efficient solution for insurers. SnatchBot is an intelligence virtual assistance platform supporting process automation.

Chatbot interacts with clients and prospects in a convenient and handy manner via SMS, web widget, or messenger – 24/7.
Insurance businesses given the situation can use extremely effective healthcare bots for the quick onboarding of insurance seekers.
This provides patients with an easy gateway to find relevant information and helps them avoid repetitive calls to healthcare providers.
Haptik, a vendor of conversational AI, works with Fortune 500 companies like Disney, HP, Unilever, and others.
Despite that, customers, in general, are hesitant about insurance products due to the complex terms, hidden clauses, and hefty paperwork.

Conventionally insurance agents used to make house calls or even reach out digitally to explain the policy features. Lemonade, an AI-powered insurance company, has developed a chatbot that guides policyholders through the entire customer journey. Users can turn to the bot to apply for policies, make payments, file claims, and receive status updates without making a single call. Also, if you integrate your chatbot with your CRM system, it will have more data on your customers than any human agent would be able to find. It means a good AI chatbot can process conversations faster and better than human agents and deliver an excellent customer experience. Insurance chatbots, rule-based or AI-powered, let you offer 24/7 customer support.

However, with the use of a healthcare chatbot, patients can receive personalized information and recommendations, guidance through their symptoms, predictions for potential diagnoses, and even book an appointment directly with you. This provides a seamless and efficient experience for patients seeking medical attention on your website. The app helps people with addictions by sending daily challenges designed around a particular stage of recovery and teaching them how to get rid of drugs and alcohol. The chatbot provides users with evidence-based tips, relying on a massive patient data set, plus, it works really well alongside other treatment models or can be used on its own. GYANT, HealthTap, Babylon Health, and several other medical chatbots use a hybrid chatbot model that provides an interface for patients to speak with real doctors.

Chatbots can provide insurance services and healthcare resources to patients and insurance plan members. Moreover, integrating RPA or other automation solutions with chatbots allows for automating insurance claims processing and healthcare billing. Health insurance chatbots enable you to engage in two-way conversations with customers. This technology could be used to know about insurance policies and services, help people find an agent nearby or gather data for research purposes. The retail insurance companies have low revenue per customer and the majority of them have an email or IVR based phone network for customer service.

Patient adherence duties will innovate alongside industry tools

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