In the insurance space, like in any industry, customer service and experience are essential competitive differentiators. Insurers collaborate with different partners and channels to focus on personalizing interactions with clients. They blend personal contact and digital tools to elevate sales, support, and claims services. To offer a seamless customer experience means the ability to provide all payment methods available in the market, among many other benefits. The insurance provider must deal with multiple complex integrations and bear their maintenance costs.
Our client, a global provider of insurance services, wanted to offer the highest flexibility to end consumers with different options for payment methods (mobile payments, wallet payments, debit and credit card payments, instant payments, etc.), and payment intervals (one-time payments, regular payments, mandates, refunds, paybacks, etc.).
At Nagarro, we adapted the client's application to reflect the business side of the payment options and integrated it with the Imburse platform (our partner), reducing the integration complexity and giving a considerable boost to ROI.