Videos Assisting Damage Claim Procedures
FACTS
- American Modern Insurance Group (Amig) unveils a mobile solution for damage claims making room for a video-based assistance process.
- Customer process:
- Amig customers are invited to download the MyClaim app from Apple App Store or Google Play Store
- From the app, they may contact Amig insurance experts
- While calling these experts, the MyClaim app streams videos and snaps screenshots of the damage or loss
- Off-line videos and photos can also be stored to be sent later on
- Targets: Amig’s new service is meant for all their customers, regardless of their insurance lines, personal or commercial.
- Their video assistance service has been designed in partnership with the American start-up Livegenic, which focuses on visual communication technologies.
CHALLENGES
- Making it easier for customers to file insurance claims. Amig relies on MyClaim so their customers can easily and more quickly send photographic or video evidence.
- Speeding up claim processes. Sending visual evidence might contributes to cutting down processing times to just one week.
- Avoiding the need for traditional onsite inspection. MyClaim avoids that insurance experts should have to perform onsite inspection, and/or comes in addition to these conventional inspections.
MARKET PERSPECTIVE
- Videos and mobile media are increasingly popular when it comes to dealing with damage claims. Several other groups and insurance companies have introduced similar offers (e.g.: Amaguiz and Coyote, Snapsheet, etc.).
- AI technologies are also starting to prevail in optimising insurance claims, as highlighted by Ant Financial, Flyreel or Generali.