Life Insurance is among the biggest businesses in the BFSI segment. But Unfortunately, worldwide, Life Insurance businesses are least digitized, due to legacy system issues, challenges in data migration, large in-force business, long term nature of the contracts, complex product, pricing and underwriting rules, huge capital investment costs, functional silos etc.
But the digital revolution sweeping the financial services will make Life Insurance a laggard if not digitally transformed quickly for better user experience and cost controls.
Upsure can quickly address these issues in a cost-effective manner. Begin the digital transformation by addressing the major pain points first, and piece everything together, taking advantage of Upsure’s modular architecture