How much would it cost to develop a Chatbot Solution for an Insurance Aggregator Platforms?

Chatbot - At a glance !!

Chatbot is basically a software, which simulates conversation with humans over internet via auditory or textual interfaces. Nowadays, the appeal of chatbot across numerous industries is almost impossible to be denied. Chatbots have become the boon and with usage of Chatbots, smart industries are saving their resources and money by interacting with the customers. 85% of customer relationships to be automated by 2020.(By Gartner Customer 360 Summit).

Why to create a Chatbot?

Visitor interactions with bots on the applications increase lead conversion by up to 36%(chatbotslife.com)

Chatbots could save businesses up to £6 billion per year cross industries

15% of consumers have communicated with a business via a chatbot in the last 12 months

31% of top-performing companies plan to use AI within the next 12 months

Benefits of developing a chatbot solution for an insurance aggregator platforms :

The concept of chatbots is the one which all the industries are looking forward to implement. Chatbots produces improved experience for the consumers with a self-service option. It provides information as well as resolves issues in real-time. Some of the capabilities and functions that can be facilitated and performed by chatbot integration in insurance sector are:

Emergency support 24/7 across all digital channels (Mobile app, Email, Text, Website etc.)
Track policy updates and eliminates human errors
Provide real-time analytics and reports which reduces audits
Simplify management of account updates and payments
Maintaining the relationships between provider and policyholder
Chatbots streamline tedious processes
Encourage real-time engagement with customers and offer personalized suggestions
Manage insurance claims efficiently and reduces waiting time for approval
Automation in data entry and avoiding duplication issue

Next step towards chabot development with LetsNurture:

If you are the owner of an on demand insurance aggregator platform, you already are aware about the importance of bringing innovations to your business products to stay in the competition. Chat bot is destined to enhance customer experience that will help in providing better customer service for your insurance aggregator platform.

Let’s Nurture is an ISO 9001:2015 Certified leading Chatbot Development Company in India, USA, UK, Canada and Australia. Empowered with AI, NLP, and Machine Learning technologies, we, at Let’s Nurture, offer complete Chatbot solutions for Facebook, Twitter, Slack, Kik, Skype and much more leveraging Custom Chatbot development.

The estimated cost of developing Chatbot for insurance aggregator platform will be in the region of CAD 37000 to CAD 39000. Let us have a look at the features users will be able to avail through Chatbot development in the application.

Features/ Cost of Chatbot Development and Integration for insurance aggregator platform :

System Users	Features
End Users	Manage Account updates
	Personalised Quotes
	24/7 chat support
	Schedule the survey appointment
	Registration of loss for claim
	Buying of insurance
	Reviews, Ratings, Feedback
Cost of Chatbot system for insurance aggregator platform	CAD 37000 to CAD 39000

Chatbot - The future saviour in Insurance industry!!

In recent times, almost all businesses – small and large are stepping into AI Chatbot Development from conventional Mobile App Development. Apparently, Chatbot creation will be the major part of any businesses till 2021 and 2018 is the starting point of the revolution. According to a recent study, 7% of insurers in Germany are already using chatbots to supplement their range of services; another 44% are planning such a step.

In accordance with Global Trends Study 2017, insurance invests around $124 million per company on an average in this powerful technology. That’s $54 million more than the average across all industries surveyed. Global insurance giant QBE, invested in HyperScience,a machine learning company earlier this year.

Several insurers are already relying on the Chatbots and using it internationally for growing their business across the globe as chatbots.org has listed as follows:

Magda is the chatbot for Link4, an online car insurance company based in Poland.

Allie is Allianz’s virtual online assistant that offers policyholders a 24/7 service.

Allstate launched its virtual assistant ABIe (Allstate Business Insurance Expert) in 2015 to more efficiently answer questions from its 12,000 agents.

Arbie supports the customers of RBC Insurance in Canada with all possible questions.

Marc represents the health insurance offer of the French Credit Agricole.

e-bot7 GmbH offers hybrid Agent + AI solutions for the customer support 24/7

Development team composition to develop chatbot for insurance aggregator platform:

Ever since its existence, Chatbot development has been a core service of Let’s Nurture, having developed number of applications depending upon diverse business needs. Normally, any Chatbot development and integration with a insurance aggregator platform will require following resources:

1 Chatbot Developer
NLP (Natural Language Processing) developer
1 Project Manager
1 Content (Script) Writer/ Proofreader
1 Quality Analyst

Technology Stack We use to develop

Sketch

Xcode

Android

AWS

Fabric iOS

Android Studio

FCM

Geo-fence

Google Analytics

Google API

MEAN Stack

Mantis BT

Sass

sendinblue

Google Webmasters

stripe

swift iOS

ZOHO

Our Proposition and Values:

With the expertise of in-house Chatbot developers, Blockchain and AI developers, Web developers and designers; we have provided IoT and AI based solutions to the wide range of industries. Our Artificial intelligence, and the associated technologies of Natural Language Processing (NLP) and Machine Learning (ML), enables retailers to reach out to customers at a personal level, engage in deeper interactions and enhance their experience with the brand.experience with the brand.

Strategic consultation on technology
Competitive Pricing for custom requirements
Brainstorming and structuring a quality driven development cycle
Expert team of resources deployment
Designing a Chatbot conversation
Building a Chatbot using Chatbot frameworks
On time reporting and effective communication
Industry based chatbot solutions
Quality testing and analysis
A comprehensive Project review
Complete transparency on deliverables

Are you looking for an exclusive chatbot development team and wish to add value to your insurance aggregator platform with a Chatbot interface to enhance UX?

Reach us out

FAQs

How much time will it take to develop and deploy an app like this?

Based on our initial assessment, developing and deploying an app like this typically takes around 20-25 weeks.

Can I integrate Chatbot developed by you with my existing Insurance aggregator platform?

We are a leading Chatbot development company in Ahmedabad, India where our in-house Chatbot developers can build Chatbot SDKs which can be easily implemented with new and existing web and mobile applications.

Can Chatbots automatically learn questions asked by users?

Yes, it can. By using Machine Learning (ML) techniques, bots can be created in such a way that they learn by themselves.

Do I require separate server to host chatbot?

It is not mandatory to host the Chatbot on a separate server. We can develop and integrate the Chatbot to the same server that runs web or mobile app for an Insurance aggregator platform.

Which type of Chatbot should be integrated with Insurance aggregator web/ mobile app platform?

Converational and flow based Chatbots can be built and integrated with Insurance aggregator platform.

Is there any facility to export the chat happened between bots and users?

Yes, we can provide a feature that will allow you to download the chat transcripts in .csv, .txt formats. We can also provide our own analysis on data visualization platform based on user-bot conversations.

Is there any way to identify user location?

It is absolutely possible to identify the user locations. Chatbots can derive the user location through IP address.

Should project booking require full payment in advance?

This is to be decided based on region specific industry best practices. Ideally, we recommend 50% advance and 50% escrow to be released after satisfactory level services verified by customer.

Can you provide option to hire dedicated Chatbot developers for my Insurance aggregator platform?

Yes, we do provide flexible hiring models consisting highly skilled and certified resources (Chatbot developers, web developers, Android app developers, iOS developers) which are well versed in mobile app development projects for diverse industries using latest and cutting edge technologies.