Long delays, complicated processes, non-existent customer engagement and poor customer services are eroding traditional insurers’ market share and declining profits. High administrative workload and costs faced by insurers and insurance agents, due to the amount of paperwork, manual steps and the lack of integrated IT solutions.
InsureVite offers a insurance platform providing all required services instant insurance policy purchase, auto advisory, as well as efficient claims processing and settlement. The end-user can manage all their own policies and have access to customer service 24/7 through their advanced chatbot assistance. Insurance policy information is stored into the blockchain through smart contracts removing manual steps for the insurers.