On Tuesday, the British Insurance Brokers’ Association (BIBA) announced it has teamed up with Insure Apps to launch a new insurtech app, called Claims Made Easy, that may reduce the average claims reporting of 23 days by up to 90%. According to BIBA, the app significantly reduces claim costs and is available for its members at a discounted rate. It was revealed:
“Utilizing technology to speed up, standardise and streamline the claims process, it provides an InsurTech solution for brokers to tackle late and inaccurate reporting of commercial motor and fleet claims.Users of the app and their broker benefit from faster, more efficient and consistent reporting along with greater control. The app allows the recording of key information such as GPS, police, witness, and third party details, along with photographs and additional information.”
BIBA also noted that A claim can be reported in less than 10 minutes and is instantly submitted to the driver’s head office and their insurance broker. Steve White, BIBA Chief Executive, stated:
“The app is a prime example of how brokers can benefit from InsurTech in everyday use – it’s a win for brokers, insurers and customers. I’m pleased that we have delivered on our Manifesto commitment to provide InsurTech solutions for brokers with an app that’s tailored to them.”
Stephen Marshall, Managing Director of Insure Apps, added:
“As an industry we’ve spent millions of pounds on technology to improve back office systems in insurance companies and brokers but how much has it improved the customer experience. Claims Made Easy will transform the way drivers, insurance brokers and insurers handle claims. It’s about putting technology in the hands of our customers.”
BIBA members are now being offered a 10% discount on a one year contract or a 25% discount on a three-year plan. They will also receive double the amount of initial downloads meaning they can implement the app with 1,000 drivers at the base level price.