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Transforming your insurance business into a modern-day digital business is exciting but can be daunting at the same time. New efficiencies and agility beckon but finding a good tech partner is key and briefing them right matters too. Which is why we've put together a free tech provider briefing form.
The good news is that there are more tech providers to choose from than 5 years ago, and there is open and healthy cooperation across the expanding insurtech community. Collaboration and integration is the trend.
The 'right partner' is as much about cultural fit as functional fit.
Definitely do your diligence on core requirements but also probe beyond providers' feature lists. This is a journey, not a quick transaction.
It's worth having conversations early with tech providers; sound out feasibility, lead times and budgets to help planning.
For start-ups, nothing meaningful can happen until funding, compliance and capacity are sorted. For established businesses, there are inevitable internal hoops to go through.
But how do you start those conversations?
This free briefing form helps you ground your plans and articulate the bones of your business requirements. Most importantly, it gives providers a high-level guide to the likely complexities and extent of your ambition. And this gets the engagement off on the right foot, standardises the information you give to everyone you speak with and helps you compare apples with apples when it comes to budgeting and estimates.
Key areas covered by the briefing form:
For the first product you want to get live:
Use this free tech provider briefing form to help get your digital insurance initiative off on the right foot. Don't hesitate to get in touch if you want more guidance or support.
A few weeks ago the Pancentric UX Consultancy team spent a day with Lloyds brokers. Here are 10 insights about the Broker-MGA relationship.
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