India Bajaj Allianz insurers use block-chain technology to speed up claims processes


nnnAccording to Hindu Business Line, Bajaj Allianz General Insurance Company said that through the use of block-chain technology to speed up the tourism and automotive industry claims settlement process. The company launched the “travel Ezee”, which uses block-chain technology, to be able to aggressively enable them to be aware of the eligibility for payment when they are overseas.n
nnTranslation: Dorisn
nAccording to Hindu Business Line, Bajaj Allianz General Insurance Company said that through the use of block-chain technology to speed up the tourism and automotive industry claims settlement process.n
nThe company launched the “travel Ezee”, which uses block-chain technology, to be able to aggressively enable them to be aware of the eligibility for payment when they are overseas.n
nn”This will help us shorten the current settlement turnaround time for several plans from a few days to a few minutes,” said Sourabh Chatterjee, director of network marketing and digital marketing at Bajaj Allianz General IT’s chief IT department. “This technology allows us Able to integrate with different travel providers, so that the initial release from the travel alliance.n
nnWith the block chain, the platform eliminates the need for third parties by connecting directly to customers and suppliers on the same platform.n
nTravel Ezee will initiate a claim process to notify customers. It allows customers to immediately receive claims without having to actually apply for overseas flight delays.n
nThe report also states that the company has also launched a “On The Spot” claim service for the car, which is allowed to automatically check and file claims with the company’s insurance wallet application with detailed information on damaged vehicles and policies or banks.n
nChatterjee added:n
nn”More than 65% of our claims for car claims are small claims for losses of less than $ 20,000, and the new initiatives not only speed up the claims process for these claims, but also speed up the process of making larger claims.”n

Leave a Reply

Your email address will not be published. Required fields are marked *