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CIAM has a lot to offer the insurance industry, from future-proofing business models to facilitating GDPR compliance. With numerous large insurance providers among its clients, Onegini has the industry insight to help you maximize the benefits of CIAM for your organization.
Business activity, customer interactions, and transactions are rapidly moving to a range of online channels including web, mobile, and social platforms. All of these channels must be developed to the highest standard of user-friendliness and security.
It’s important to get your customers online, but often struggle to achieve this. They typically focus on all the activities customers can do once they have an account, overlooking the process of getting a customer to create an account and start using it, also known as onboarding.
Insurance companies have to invest in IT to keep up with the market and resolve legacy IT systems. This will increase transparency and help facilitate compliance, among other things.
Market-specific regulations like the Pensions Act and Solvency II – as well as more general legislation such as the GDPR – are adding to the challenges of compliance.
Insurance companies are struggling due to Legacy IT systems with setting up new products & propositions fast to measure and learn about product market fit. How can you set up new product labels, to interact digitally with your customers in 4 weeks?
The high penetration of smartphones, combined with the demand for personalized financial services will boost the need for a robust, integrated, and easy-to-use-secure authentication solution. Customers expect a seamless experience when engaging with insurance companies, particularly in their mobile apps.
Onegini has a lot to offer the insurance industry, from future-proofing business models to facilitating GDPR compliance. With numerous large insurance providers among its clients, Onegini has the industry insight to help you maximize the benefits of CIAM for your organization.
Features and functionality
Compliance meets convenience: Managing how data is shared with your intermediaries is more important than ever before. We developed our Delegated Administration for Business Partners feature with the insurance company in mind, putting compliance at the forefront. Find out how Delegated Administration for Business Partners can give you back the precious commodity of time.
