How much would it cost to develop a Chatbot System for Auto insurance platforms?

According to Gartner Customer 360 summit, AI bots will power 95% of all customer service interactions by the year 2025.

Need for Chatbot System for Automobile Insurance Sector

AI powered Chatbot is the future of customer service which is set to be implemented in the near future. Insurance sector in automobile also involves client communication majorly to renew the plans or regarding the claim they have submitted on their vehicles. And still we are not sure of the fact that the time spent on those calls was productive enough or not. As a consequence, most of the time of your day at work is spent in either listening or convincing the customer, whilst it may have been spent productively by focussing on other important tasks.

Chatbots developed using Artificial Intelligence (AI) technology can handle simple or complex tasks. Chatbots for automobile insurance companies can handle basic customer support inquiries, guide customers through essential processes, like changing a plan or learn about a customer’s specific needs. Also an automated insurance agent (Chatbot) can be integrated with Machine Learning (ML) technology that makes them more efficient and personal than any other customer service solution. For example, to gather details about any customer and vehicle data. By leveraging AI in your insurance bot, customer needs can be anticipated earlier and better.

Want to develop custom Chatbots System for your Auto Insurance Company?

If you are in the insurance sector for an industry like automobiles wishing to bring the innovations and changes in your operations, what better can you get than Let’s Nurture! 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 cost of developing a custom Chatbot system of insurance sector for automobile industry will fall in the range of CAD 40000 To CAD 45000 . Now let us have a good look at what features will be incorporated through a chatbot development.

Features/ Cost of Chatbot Development for Automobile Insurance Company

Users	System Users
Features	Manage Account updates
	Personalised Quotes
	24/7 chat support
	Schedule vehicle survey
	Claim Management Automation
	Buying of insurance
	Onboarding Assistant
	Recommendation Engine
	Vehicle Photo/ Video Sharing
	Chat Support Localization
	Real-time updates/ notifications
	Automated Advisory
Cost of Chatbot System for Insurance Company in Automobile Industry	CAD 40000 To CAD 45000

Role of AI Powered Chatbots for Insurance Sector

As it has been mentioned that enhanced customer support, through providing instant and precise information, is the one of the biggest advantages Chatbot System can offer for insurance agencies. This results in increased customer retention and patronage. However apart from this, there are other key benefits Chatbot development can bring to insurance agencies in automobile industry.

Automate the Claim submission Process

Chatbots can help a user to register the first notice of loss, schedule the survey appointment for the evaluator and emergency assistance when needed. Chatbots bring a platform with improved customer engagement through a personalized approach which may include images, Call-to-Action buttons or Payment options.

Huge Cost Saving on Resource Recruitment & retention

Cost of hiring an employee and training efforts are the main factors which can be avoided to a great extent through custom Chatbot development. We can rely on an automobile insurance bot that’s available 24/7 to address many of your customer support needs.

Your Own Virtual Insurance Agent

Hire chatbot developers from us who can certainly help in building AI powered bots branded with your name. This increases trust and customer loyalty towards the platform will get increased. It also saves holding and waiting time as Chatbot can instantly transfer the call t relevant department.

Personalized Customer Service

AI powered chatbots are intelligent to learn the personal and essential information about the customers during every interaction. Based on the past conversations, Chatbots can recommend the best suitable policy to the clients.

We are not denying the human intervention part here. Of course, humans will still solve the most complex inquiries and issues with the customers, Chatbot system will just take the system to next level by making customer service more efficient and consistent.

Hire Resource Team for Chatbot Developmen

To develop a chatbot like Magda- the chatbot for Link4, an online car insurance company based out of Poland; you will require following resources:

1 Chatbot Developer
1 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

Why Let’s Nurture is ideal for your Chatbot Development Project?

The future of chatbots in the car insurance sector is likely to depend largely on the development of artificial intelligence.

Being a leading Chatbot development company in India, USA, Canada, UK, Singapore and Australia; we have the expertise in building custom chatbots that will reduce the enterprise operational cost while taking care of ERP, CRM , customer support, invoicing, payment and more depending on your requirement. Our Chatbot developers are experts in working with ease for popular Chatbot frameworks Facebook Bot Engine (Wit.ai), API.ai, Microsoft Bot Framework, Aspect CXP and Aspect NLU.

Our experience in implementing AI powered customised chatbots, flow based IVR and online chatbots, social media chatbots and consulting bots for enterprises, businesses and consumers can eliminate the need of manual intervention upto 95%.

Value Propositions:

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

With Chatbots already transforming the workplaces, it is time to make the most of it for your company’s success to provide the best experience for your B2B customers.

If you want to get the idea on how chatbots can help enhancing insurance processes and operations for automobile industry, you are just a click away!

Get in touch with Chatbot Experts

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 a chatbot to my existing car insurance application 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. But you will have to provide initial set of exhaustive Q&A to conduct initial automated interactions with customers

Do I require separate server to host the 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.

What type of Chatbot shall be ideally integrated with an insurance app platform specifically for automobiles?

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

Is there any function through which we can download/ 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 determine the user location when needed?

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

What is the payment process for Chatbot System development project for car insurance companies?

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.

Do you provide a model to hire dedicated Chatbot developers for my car insurance chatbot development project?

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.