Smart Claims insurance makes it possible

[suchona.kani.z]

The insurance landscape, especially in Germany, is currently dominated by products with replacement value compensation. This means that if a smartphone is defective, the insurance company must pay out the replacement value of this device to the insured person. The premium payments are calculated accordingly high so that the insurance companies can accumulate profits at all.

undercut the competition's premium payments. In the event of an insured event, the insurance company would incur lower costs than would be the case with new value compensation. Instead, the insurance company uruguay consumer email list​ would have to pay for a repair or a used replacement product, which may still be worth more than the original defective device. If the aim is to achieve the same profit margin, this opens up the possibility of demanding lower premium payments.
in terms of feasibility or a lack of competitiveness. Good karma for a company or the hoped-for increase in customer acquisition through advertising sustainability could be accompanied by unacceptably higher risks. For example, an insurance company may not be able to mobilize sufficient resources to successfully implement a Smart Claims insurance product.

The Smart Claims idea allows us to rethink insurance products. The "repair" and "replacement product" scenarios presented are just a part of a sustainable and modular Smart Claims insurance product. And we don't want to stop at electrical appliances. We are already thinking about all household goods and will continue with an entire building. Smart Claims creates added value for the insured person, for the service providers and for the insurance companies.

You can find more exciting topics from the adesso world in our previously published blog posts.