insurance logos

The idea of insurance companies as old-fashioned enterprises with rows (upon rows) of filing cabinets underneath buzzing fluorescent lights is no longer valid. That’s because today, insurance companies are embracing technology-led solutions — and a core solution is a hosted cloud phone system. Here are the key reasons why:

Dramatic Cost Savings

The most important advantage of hosted VoIP is the cost savings, which can be anywhere from 20% to 50% (or more) each year. There are no CapEx costs, or ongoing maintenance, support or upgrade costs. Aside from affordable licenses, the only up-front (and minimal) expenditures are IP phones, back-up power supplies, and a managed router to monitor and support the system remotely. In addition, hosted cloud service is a scalable and future-proofed investment with predictable monthly pricing. If insurance companies need additional numbers, they simply purchase more licenses. Conversely, if they downsize or contract and have excess capacity, they simply let licenses expire.

Download and read our comprehensive White Paper at Why Organizations in the Insurance Industry are Choosing a Cloud Telephone System.

Anytime, Anywhere Mobility

Paradoxically, as the insurance landscape gets more technological and data-driven, the need for insurance companies to deliver responsive, personalized service for both individual and business customers is more important than ever. With a conventional phone system, current and prospective customers are often forced to wait for several minutes “for the next available agent,” or they get routed to voicemail again and again. But with a hosted cloud phone system, calls can be forwarded to any mobile or landline, which means that callers have less chance of hearing “thank you for your call…” and more chance of hearing “how may I help you?” What’s more, staff can use the built-in video conferencing feature to engage in some valuable face-time with customers.

Route Calls to the Right Person the First Time

route calls

Sometimes, callers don’t have a specific person they want to reach, but need answers or assistance regarding quotes, coverage details, claims handling, and so on. In the past, this often meant that callers bounced around from desk to desk — which was not just frustrating for them, but disruptive and inefficient for staff as well. But with a hosted cloud phone system, insurance companies can easily customize the built-in auto attendant to professionally greet callers, and help them self-direct their call to the right department or team. Callers reach the desired party faster and easier, and staff don’t waste time answering calls that aren’t in their domain. Everyone wins.

Voicemail to Email

While it’s ideal for staff to answer each and every call, this isn’t realistic — or even desirable, since there are times when employees need to go “heads down” and focus on tasks vs. answer one phone call after another. A hosted cloud phone system automatically converts voicemails into audio files, and then routes them to any email address (or addresses). Not only does this create an easy-to-follow audit trail, but it helps staff prioritize callbacks — or if necessary, forward the voicemail to a colleague.

Virtual Contact Centers

Insurance companies with more than one location can use a hosted cloud phone system to connect all branches on a single, centralized platform. Employees can chat with each other, check status (e.g. available, busy, away from desk, etc.), start a conversation with a single click, schedule meetings, and more.

Time of Day Routing

During normal business hours, insurance companies can use hosted cloud’s time of day routing feature to direct calls to certain phones or individuals using a distinctive call pattern. After hours, they can streamline the ring pattern and route calls (together with a customized greeting) to a virtual call center or a priority voicemail box. Time of day routing can also be used for holiday closures as well.

Business Continuity

mobile office

Last but certainly not least: often, clients need to contact their insurance agent in the aftermath of a disaster, such as flood, fire, hurricane, and so on. A hosted cloud phone system uses a geographically dispersed cloud infrastructure and back-up power supplies to remain online, even if the local phone company is down. As such, agents can connect with clients from their smartphone and start the recovery process ASAP.

The Bottom Line

As noted by McKinsey & Company:

For a long time, the traditional insurance business model has proved to be remarkably resilient. But it too is beginning to feel the digital effect. It is changing how products and services are delivered, and increasingly it will change the nature of those products and services and even the business model itself. We firmly believe that opportunities abound for incumbent insurance companies in this new world. But they will not be evenly shared. Those companies that move swiftly and decisively are likely to be those that flourish. Those that do not will find it increasingly challenging to generate attractive returns.

Obviously, every insurance company — from small family-owned businesses to large enterprises with a national and international footprint — wants to flourish vs. get flushed down the proverbial drain. And that’s why an increasing number of insurance companies have made the switch from a bulky, bloated and needlessly expensive conventional phone system, to an advanced, cost-effective, feature-rich and future-proofed hosted cloud phone system.

To learn more, contact the Carolina Digital Phone team today. Your consultation with us is free!

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Cody Allen
Cody Allen
May 25, 2022.
We are proud to be Carolina Digital customers! Their professionalism, speed, accuracy and willingness to help makes it easy to do business with them. These people go above and beyond any time we need their help. Would definitely recommend them to anyone!
Mathew Stockstad
Mathew Stockstad
March 1, 2022.
I have had many phone services over my 30+ years in practice. This is by far the best service that I have ever had. The customer service is amazing. I can not recommend Carolina Digital enough!
Saul Guerrero
Saul Guerrero
October 28, 2021.
The support of this company is amazing. One of my routers went down in my rack of equipment. The crew came back onsite and they worked with me after hours to get my equipment back online. Carolina Digital takes pride in what they do and also their customers! I highly recommend this company. 5 STARS 🙂
Zimmerman Carpet Cleaners
Zimmerman Carpet Cleaners
September 2, 2021.
We specifically work with one technician and she's always super helpful and super nice. She understands how to get things done and ensures that its all fully taken care of before she even thinks about leaving it with us. She is always quick to respond. When we have outages, questions, etc, they're right there in a quick way. Thanks so much Carolina Digital. Thank you Chris Villa. We appreciate you all so much
Don Kim
Don Kim
September 1, 2021.
Great Service for my business (SMARTCARE)
Tom Thornton
Tom Thornton
August 17, 2021.
We've been using Carolina Digital for years now. Great system, service and price!
Sam Coates
Sam Coates
May 17, 2021.
We receive excellent service from Chris and others at Carolina Digital Phone.
Christine Olson
Christine Olson
May 4, 2021.
Carolina Digital was so helpful to us when we had to transition to a virtual office. The service is great and the people are so helpful. The virtual phone system works better than what we were using in our office and they have a great online dashboard that is very easy to use. We are sticking with them even when we go back to a real office.
Randy Hoover
Randy Hoover
April 16, 2021.
Excellent Service, actually the best vendor we work with. Staff is exceptional and responsive.