Believe it or not, COVID has taught us the meaning of life. It has shown us the importance of
health and why you need it. The pandemic has not only reshaped how we live but also how
we manage our health and financial security.
One significant area that saw seismic shifts is insurance claims, particularly in how they are
processed and handled from the pre-COVID era to now.
Pre-COVID Insurance Claims: A Simpler, Traditional Process
Before the pandemic, insurance claims followed a fairly predictable and traditional route.
Policyholders would file claims for incidents, ranging from health and property damage to
life insurance. While some claim-related issues did exist—such as delayed processing,
lengthy documentation, and occasional claim rejections—the system operated on
face-to-face assessments, in-person claims investigations, and manual settlements.
Insurers largely relied on physical documentation and in-person interactions to verify claims,
particularly in health, life, and motor insurance. While digitalisation was on the horizon, its
adoption was slow and far from becoming the norm.
The COVID-19 Impact: Digital Innovation at an Unprecedented Pace
The arrival of the pandemic in early 2020 changed everything. Insurance companies were
forced to rapidly digitize their operations, starting with claims management. With lockdowns,
restricted movements, and the need to avoid face-to-face interactions, insurers had no choice
but to innovate—and fast.
1. Digital Products and Services: The most visible change came in the form of digital
products and services. Many insurers introduced technologies like satellite imagery and
touchless claims processing. This was a dramatic shift from the manual processes of the past.
Claim settlement became faster, as insurers adopted digital verification methods such as
aerial imagery, mobile apps, and virtual assessments.
2. Health-Related Claims Hiked: Health insurance claims, in particular, saw a significant
spike. Before the pandemic, health insurance claims accounted for a smaller percentage of
total claims, but the focus shifted drastically as the pandemic put the health of individuals at
the forefront.
Post-COVID Insurance Claims: A Hybrid and Streamlined Approach
As the world inches toward a post-pandemic era, many of the innovations introduced during
COVID-19 are here to stay.
1. Hybrid Claims Processes: While digital channels dominate, in-person interactions have not
completely vanished. Post-COVID, insurers are now adopting a hybrid approach, combining
digital tools with traditional methods where necessary. The speed of claim settlement
continues to improve, with fewer delays and rejections due to errors in documentation, thanks
to automation and online claim submission portals.
2. Partnerships and Ecosystems: Insurers are also increasingly partnering with external
companies to enhance their services. For instance, Lloyd's of London, through its Lab
innovation accelerator, has continued to support insurtechs that focus on assessing risks,
including pandemic-related risks. This partnership model has led to faster claim settlements,
particularly for large-scale health and life insurance claims.
Consulting an Expert: Overcoming Claim-Related Issues
With all the changes, understanding the new insurance landscape can be tricky for
policyholders. Issues such as claim rejection and delays in settlement still persist, though
they've reduced significantly due to digital innovations.
However, if you face such problems, consulting an expert can make all the difference. Bima
Seva Kendra, for example, provides professional assistance for resolving insurance
claim-related issues, ensuring smoother and faster settlements.
COVID-19 has forever altered the way insurance claims are processed. From the
pre-pandemic manual claims to the post-pandemic hybrid digital processes, insurance
companies have embraced change at a rapid pace. While some challenges like claim
rejections and settlement delays still exist, the industry's focus on innovation and customer
care means that policyholders are better supported now than ever before. Whether you're
filing a health, life, or property claim, knowing the changes in the industry—and consulting
an expert when necessary—can help you avoid common issues and ensure a smooth claims
experience.
