Insurers invest heavily in digital sales, yet consumers want user-friendly digital servicing
Deloitte Belgium’s Digital Insurance Maturity Assessment provides key insights into the current digital insurance landscape, and what Belgian consumers expect in terms of online services and functionalities.
Brussels - 30 August 2022 - Deloitte Belgium assessed the digital functionalities offered by 13 Belgian insurers and how they match customer needs, and conducted a user experience audit of insurers’ customer acquisition channels. While insurers have focused most of their digital investments on their sales platforms, respondents said that online servicing functionalities (84%), such as being able to manage their contract or file a claim online, were more important to them than buying new insurance online (71%). In addition, while investments in digital features are necessary, 70% of customers surveyed prefer to interact with an advisor for a range of insurance tasks, such as contracting a new insurance policy.
We found that online quoting and contracting is becoming the norm in Belgium. Insurers have concentrated their digital investments on acquiring new clients, rather than improving the digital servicing of existing clients.
Kasper Peters, Financial Services Industry Leader at Deloitte Belgium
The survey revealed that the biggest self-servicing opportunities include managing insurance documents (86%) and billing online (85%). Beyond filing a claim (84%), customers want to be able to follow up on a claim’s progress (88%), as well as find the right assistance and repair services for the damages (87%).
Bancassurance, leaders in digital maturity
Overall, the assessment reveals that Belgian direct and indirect insurers are lagging behind bancassurance players when it comes to digital maturity, with bancassurance achieving an average functionality score of nearly 70%.
“Bancassurance is leading the way as banks migrated earlier to digital apps and online servicing, and they already have the platforms available to service customers digitally,” said Barbara Vanhauter, Director Deloitte Digital. “However, because customers are used to dealing with their banks through digital tools, they also have higher expectations of the quality of service, so the high scores in this area are notable.”
Digital good, human better
While Belgian consumers expect digital features, about 70% of them still prefer to interact with an advisor for a range of tasks. This is especially true when contracting a new insurance policy. The report concludes that while insurers need to digitise, they should not do this at the cost of human interaction.
Insurance can be a complicated matter for many clients, and often involves a longer term commitment, so it’s understandable that a lot of people still insist on speaking to a human being who they trust can give them personalised information,
Kasper Peters commented.
The Deloitte report stresses the importance of a hybrid model, where insurers that are digitalising always give the possibility to reach out to a person. Another recommendation is to invest in good call centres, as phone calls rated the highest in terms of channel preference for contacting support.
Great user experience is the standard, not a differentiator
Customers expect to have a great user experience when interacting with online platforms, and most insurance players achieved an overall UX score of 85%* or above on their customer channels. Investing in a great UX is now an expected standard for the industry, rather than a true competitive advantage.
With relatively similar scores, we believe that insurance players will have to differentiate on other criteria such as functionalities, products, and services,
Barbara Vanhauter added
Although UX scores are generally high, the report revealed some areas of improvement: online forms were one of the most frustrating interactions, with inconsistent approaches causing confusion when dealing with an established format that should be consistent. Mobile responsiveness also remains an issue for insurers that have not adapted their content to be readable on mobile platforms.
"Our survey also revealed that accessibility could be significantly improved, with accessibility violations being recorded in all of the channels we audited,"
Today, government websites must ensure a minimum level of accessibility. This is not common practice yet for a private website, but we expect this to change over time, especially for players committed to making a positive social impact.
Barbara Vanhauter remarked.
Deloitte in Belgium
Deloitte has more than 5,700 employees and 11 offices in Belgium, making it the country's largest organisation in audit, accounting, legal and tax advice, consulting, financial, and risk advice.
With these services, Deloitte helps the largest national and international companies as well as SMEs, governments and non-profit organisations move forward. Deloitte Belgium is an independent and autonomous organisation affiliated with Deloitte Touche Tohmatsu Limited (DTTL). In FY2024, the organisation achieved turnover of EUR 819.4 million.
Deloitte Belgium BV is the Belgian subsidiary of Deloitte NSE LLP, a firm affiliated with Deloitte Touche Tohmatsu Limited, which consistently aims to provide the highest quality in the professional services and advice. These services are based on a global strategy covering more than 150 countries. To realise this, they rely on the expertise of 460,000 professionals on all continents. For the 2024 financial year, turnover exceeded USD 67.2 billion.
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