Saturday Nov 23, 2024
Saturday Nov 23, 2024
Wednesday, 17 July 2019 00:00 - - {{hitsCtrl.values.hits}}
Breaking barriers of both the insurance and e-commerce industries, Fairfirst Insurance has officially started delivering insurance via WhatsApp – yet again another Lankan-first product by Fairfirst.
Riding on the waves of digital transformation, exploring a conversation-based purchase journey was certainly a top priority in Fairfirst’s innovation agenda, which is why it introduced WhatsApp-based Motor Insurance which in turn allowed it to create a new sales channel.
Overseen by a specialised customer service team, the user journey which involved handling inquiries to processing quotations to issuing the policy and to even collecting premiums is done in less than five minutes. Furthermore, with the benefit of a paperless transaction, policies are issued instantly and virtually while on the go.
Fairfirst Insurance Head of Marketing and Digital Solutions Sasith Bambaradeniya commented: “With a WhatsApp-based sales platform, it opens doors to a staggering 28 million mobile subscribers off which 60% are smart phone users. Insurance via WhatsApp is just the beginning. In the efforts of increasing the convenience of customer purchasing journey, we will be exploring other messaging channels and Natural Language Processing (NLP) capabilities as well in to the future. That’s not all as we will also be expanding our catalogue of products so that you can be insured while on the go.”
While it is a fun and preferred approach, WhatsApp-based Motor Insurance is also a strong testament to Fairfirst’s brand practices, which include promoting empathy and innovation across all its operations. With its delivery in turnaround time and cost-saving benefits, Fairfirst is well on its way to delivering timelier, satisfying and authentic customer experiences.
Fairfirst Insurance is part of the Canadian-based Fairfax Group. Fairfax, through its subsidiaries, has an international insurance and reinsurance business with a global underwriting reach, longstanding relationships and a broad product range. Fairfax has a strong foothold in the growing insurance and reinsurance markets of Southeast Asia, Eastern Europe, West Asia and Brazil.
