17 May, 2020

Quora Answer: Why Do Insurers Not Adopt Payment Tracking Like Online Banking?


In Singapore, we have that.  Specific to AIA, clients can go on the eCare portal and track their claims, their investments and even their pending payments.  Additionally, there is an app that they can download on their phones specific to hospitalisation plans, where they can track their payments, and related data.  There is even a list of approved doctors and clinics.  There is a Medix app that allows them alternative panel of experts for treatment plans and medication.  Other insurers in Singapore are already moving in that direction.  Prudential have revealed some exciting plans during the last Fintech seminar regarding this as well.

The US is, unfortunately, very far behind when it comes to care management, claims tracking and overall adoption of technology.  It spends the most on healthcare with the least returns.



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