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  • Insurance
  • Innovation
  • Hong Kong

Subscribing a Travel Insurance via Facebook Messenger

FACTS

  • Starr Insurance adds a Facebook Messenger chatbot for their travel insurance.
  • This AI-powered Machine Learning-based chatbot allows customers to interact using natural language.
  • Goals: this bot is first meant to let Internet users apply for travel insurance offers, and be sent answers to simple questions.
  • Customer process: for starters, this chatbot asks a series of questions to customise the insurance plan (yearly insurance or for a single trip, coverage levels, travel dates, etc.). The users may then provide their personal information and pay for their insurance by card. The contract is automatically sent via e-mail.
  • Despite its ability to rely on natural language, this bot only relies on guided discussions (button-based check lists). The conversation may go back and forth.
  • This bot may later be able to deal with other services, including processing claims and damage reports, for instance.

CHALLENGES

  • Shorter subscription processes. Starr intends to save their customers and prospects time when applying for a travel insurance: an easy-to-subscribe product even at the last minute.
  • Aiming for young customers. Starr Insurance opts for Facebook Messenger to potentially aim for younger customers and bets on social media to handle customers’ requests on-to-go.

MARKET PERSPECTIVE

  • Other travel insurance players already implemented similar channels. FWD Singapour or AXA rely on WeChat-based chatbots for their application processes as well as for claims.
  • Zurich, for its part, opted for a relatively similar approach with Pluto in the UK: building on mobile connectivity and social media for near-instant travel insurance subscriptions. In this case, Facebook Messenger plays e part in dealing with customer relation and claims.