Indian health insurer, Apollo Munich , has developed an app that reduces the time taken to issue a policy from the end of the year to 7 minutes . Ampower enables agents to process applications on mobile devices, submitting proof of identification and address with scanned documents and substituting a physical signature with a 7,000 -time password sent to the client’s mobile phone. Ampower plans to double the number of agents using the app to 7,000 by as much as fourteen days , and to grow new business by 65-75% .
Indian health insurer, Apollo Munich, has developed an app that reduces the time taken to issue a policy from as much as fourteen days to about seven minutes. Ampower enables agents to process applications on mobile devices, submitting proof of identification and address with scanned documents and substituting a physical signature with a one-time password sent to the client’s mobile phone. Apollo Munich plans to double the number of agents using the app to 7,000 by the end of the year, and to grow new business by 65-75%.