Submitted by

ICICI Lombard General Insurance Company

Premium
25/02/2025 Insurance Innovation
Our innovation features multi-channel digital claim intimation, virtual drone surveys, surveyor portal, zero-document e-KYC, automated ownership verification, OTP consent, and Penny Drop technology - all integrated for a seamless claims experience.
Innovation details
Country
India
Category
Re-imagining the Customer Experience
Keyword
Customer experience, Operational excellence & efficiency, Customer service, Home insurance, Claims management, Automation
Business Line
Commercial Insurance
Distribution Channel
Brokers, Agents, Online / Direct

Innovation presentation

ICICI Lombard has revolutionized property insurance claims through an end-to-end digital transformation that puts customers first. Our innovative ecosystem combines cutting-edge technologies to create a frictionless claims experience: 1) Omnichannel Digital Initiation: Seamless claim filing through WhatsApp, web, and mobile platforms, enabling 24/7 accessibility. 2) Smart Assessment Technology: Industry-first deployment of drone surveys and video assessments for rapid damage evaluation in disaster-affected areas 3) Zero-Touch Documentation: Revolutionary e-KYC system eliminating physical paperwork, complemented by OTP-based approvals 4) Automated Verification Suite: Integration of Penny Drop technology for instant account details verification and vendor partnership for automated ownership validation 5) Digital Loss-adjuster Ecosystem: Purpose-built portal streamlining assessment workflows.

This integrated approach has transformed a traditionally complex process into a simple, transparent experience while ensuring regulatory compliance. Our innovation has achieved remarkable results: 84% of Fire claims settled within 30 days, 93% claims settled within 7 days of survey report receipt, and a 24% reduction in overall settlement time.

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