Encouragement for existing insurance companies to explore and embrace these NORQUE innovative solutions:

Embracing innovative solutions such as NORQUE blockchain, AI, and ML can empower existing insurance companies to gain a competitive edge, enhance operational efficiency, deliver exceptional customer experiences, improve risk management capabilities, and position themselves as industry leaders in the evolving digital landscape of the insurance industry. By proactively exploring and embracing innovative solutions such NORQUE as blockchain, AI, and ML, existing insurance companies can unlock a multitude of benefits, including gaining a competitive edge over their peers, significantly improving operational efficiency through streamlined processes and automation, delivering exceptional customer experiences through personalized offerings and responsive support, enhancing risk management capabilities for more accurate assessments and sustainable portfolios, and establishing themselves as industry leaders in the ever-evolving digital landscape of the insurance industry.

However, existing traditional Insurance companies frequently face difficulties in delivering a seamless end-to-end customer experience, whether it be policy acquisition, record tracks or claims resolution.

Existing insurance businesses often outsource sales, customer service, claims processing, and data management to other companies. Outsourcing these services cause generates additional expenses and inefficiencies. Unavailability of primary data cause wrong, offerings cost calculations.

For instance, using third-party sales agents can lead to higher commissions and fees, thereby increasing the total cost of acquiring new consumers. Also, outsourcing customer support services may not always result in the greatest customer experience. The reason would be that the service provider may not possess the same level of expertise and product knowledge as the insurer.

Below we will describe you how our innovative and comprehensive END TO END INSURANCE SERVICES ON BLOCKCHAIN TECHNOLOGY WITH INTEGRATION OF ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING will eliminate all these problems.

• We are making traditional Insurance companies onboard, their DATA, SERVICES AND OFFERINGS, on Blockchain/Web3. Currently, they have issues like more cost investment because of third party integration in sales, after sale services, claim verification, data management.
• DATA migration and recording on the blockchain to calculate the right premium in sync with the risk factors involved, via ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING.
• Buying via cryptocurrency is an option we will provide, now the general public can buy via cryptocurrencies, this will increase the usability and acceptability of cryptocurrencies in the market as well as increase the sales probability.
• Claim settlement via ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING, no third party involvement for claim settlement, our Artificial Intelligence and Machine Learning integration will settle the claims, reduce the time and third party involvement cost.
• Automated premium calculations via ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING, by judging the data available on the blockchain.
• The renewals and new sales will be done via ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING, reduce the cost again.

NORQUE help you to eliminate the third-party claim settlement process. AI and ML technologies verify and resolve claims without intermediaries. It also removes third-party service providers, lowering claim settlement time and expense.

AI and ML in Insurance solutions boost efficiency. Insurers can now process more claims by automating operations. It also boosts client interaction and streamlines insurance operations.

Besides efficiency, end-to-end insurance solutions also increase accuracy. Company algorithms successfully anticipate risk variables and set rates. Insurers may reduce losses by eliminating manual procedures and using data analytics to detect fraud.

AI and ML can improve premium computation accuracy and fairness. Algorithms can consider several parameters instead of generic assumptions, resulting in more tailored premiums. The client gets a reasonable premium, and the insurer can better control risk.

We are at the forefront of providing end-to-end insurance solutions that address the challenges encountered by existing insurance companies as the insurance industry evolves swiftly, integration with the new era of Web3 / Blockchain is very much needed.

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