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Insurtech: Expectation Vs Reality

The idea behind the implementation of technology in the Insurance sector is to make the Insurance processes much more efficient, comfortable and provide the customers with a simplified interface. In recent years when talks about Insurtech was ripe then it was all about blockchain, IoT, wearables, innovations labs and AI. But, as the things started to roll out, it doesn’t seem to be an easy road with expected results will not be visible anytime soon. The digitalization of the Insurance industry has begun with a boom but the challenges surrounding this whole new era are unlimited, and Insurers need to strike a balance between expectation and the practicalities.

The challenges of the Insurtech industry and Insurance as a service:

1. Data and more data

It is a matter of the fact that the available data for the insurers is unlimited which help them to underwrite policies, detect fraud, price the products that were otherwise not possible traditionally. Insurers are constantly gathering, incorporating data received from automobile sensors, home sensors, Amazon web services, social media channels into their business models. It is a great way to be efficient enough and provide relevant content to the insurants.

Reality: There is a widening gap between the available data and the ability of the insurers to process this data contextually and derive insights into it. The data is something that keeps changing continuously, and it needs to be processed and used quickly for the expected results. But, the truth is that insurers do not have any actionable information around this data as they lack the proper infrastructure for fast processing the datasets.

2. Automated customer service and the chatbots

The impact of AI and machine learning on InsurTech is profound, and it is most visible in the customer service department. The automated chatbots are programmed to provide an instant solution to customer queries without any delays.

Reality: Even though chatbots are being adopted by big insurance companies, but accuracy is still an issue. The more complex the chatbot is, the more problematic it becomes.  No matter how intelligent a chatbot is, it can never replace a human.  Insurers need to ensure that their bots offer a high level of data protection and are compliant with regulatory measures.   There are still customers who want to talk to the customer representative, not an automated agent. So, chatbot can never replace the human representatives it can just be another option of communication.

3. AI and cognitive automation

Data analytics and AI are a boon for the insurance industry. The power of AI backed systems help insurers to accurately price risk, manage claims value and do a lot more than only providing insurance. For example, in health insurance, the insurance product is more like a health assistant and for auto insurance using car sensors for usage-based policies. All this sounds like an insurance-perfect technology which is ready to revolutionize the insurance industry.

Reality: The technical hurdles sprout at every stage of AI implementation. AI helps insurers, but it may prohibit them to consider some factors or introduce some new precise elements. The immense intrusion of AI into the systems poses a roadblock that is the more sophisticated and accurate AI becomes the capability of humans to interpret and understand it keeps growing bleak.  It is a challenge for the state actuaries and the rate reviewers who are responsible for evaluating the vast number of risk-classifications and seeing how it influences other in the process. Rate determination for tomorrow requires a perfect balance between the insurers and the AI-driven risk pricing tools.

From the above, it can be concluded that the insurance industry is rapidly evolving introducing a new wave of innovation. But, the challenges are still persistent and to be successful insurance companies need to employ quality people with competent management and supporting technical infrastructure.

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Empowering Frontline Healthcare Sales Teams with Mobile-First Tools

In healthcare, field sales is more than just hitting quotas—it’s about navigating a complex stakeholder ecosystem that spans hospitals, clinics, diagnostics labs, and pharmacies. Reps are expected to juggle compliance, education, and relationship-building—all on the move.

But, traditional systems can’t keep up. 

Only 28% of a rep’s time is spent selling; the rest is lost to administrative tasks, CRM updates, and fragmented workflows.

Salesforce, State of Sales 2024

This is where mobile-first sales apps in healthcare are changing the game—empowering sales teams to work smarter, faster, and more compliantly.

The Real Challenges in Traditional Field Sales

Despite their scale, many healthcare sales teams still rely on outdated tools that drag down performance:

  • Paper-based reporting: Slows down data consolidation and misses real-time insights
  • Siloed CRMs: Fragmented systems lead to broken workflows

According to a study by HubSpot, 32% of reps spend at least an hour per day just entering data into CRMs.

  • Managing Visits: Visits require planning, which may involve a lot of stress since doctors have a busy schedule, making it difficult for sales reps to meet them.
  • Inconsistent feedback loops: Managers struggle to coach and support reps effectively
  • Compliance gaps: Manual processes are audit-heavy and unreliable

These issues don’t just affect productivity—they erode trust, delay decisions, and increase revenue leakage.

What a Mobile-First Sales App in Healthcare Should Deliver

According to Deloitte’s 2025 Global Healthcare Executive Outlook, organizations are prioritizing digital tools to reduce burnout, drive efficiency, and enable real-time collaboration. A mobile-first sales app in healthcare is a critical part of this shift—especially for hybrid field teams dealing with fragmented systems and growing compliance demands.

Core Features of a Mobile-First Sales App in Healthcare

1. Smart Visit Planning & Route Optimization

Field reps can plan high-impact visits, reduce travel time, and log interactions efficiently. Geo-tagged entries ensure field activity transparency.

2. In-App KYC & E-Detailing

According to Viseven, over 60% of HCPs prefer on-demand digital content over live rep interactions, and self-detailing can increase engagement up to 3x compared to traditional methods.
By enabling self-detailing within the mobile app, reps can deliver compliance-approved content, enable interactive, personalized detailing during or after HCP visits, and give HCPs control over when and how they engage.

3. Real-Time Escalation & Commission Tracking

Track escalation tickets and incentive eligibility on the go, reducing back-and-forth and improving rep satisfaction.

4. Centralized Knowledge Hub

Push product updates, training videos, and compliance checklists—directly to reps’ devices. Maintain alignment across distributed teams. 

5. Live Dashboards for Performance Tracking

Sales leaders can view territory-wise performance, rep productivity, and engagement trends instantly, enabling proactive decision-making.

Case in Point: Digitizing Sales for a Leading Pharma Firm

Mantra Labs partnered with a top Indian pharma firm to streamline pharmacy workflows inside their ecosystem. 

The Challenge:

  • Pharmacists were struggling with operational inefficiencies that directly impacted patient care and satisfaction. 
  • Delays in prescription fulfillment were becoming increasingly common due to a lack of real-time inventory visibility and manual processing bottlenecks. 
  • Critical stock-out alerts were either missed or delayed, leading to unavailability of essential medicines when needed. 
  • Additionally, communication gaps between pharmacists and prescribing doctors led to frequent clarifications, rework, and slow turnaround times—affecting both speed and accuracy in dispensing medication. 

These challenges not only disrupted the pharmacy workflow but also created a ripple effect across the wider care delivery ecosystem.

Our Solution:

We designed a custom digital pharmacy module with:

  • Inventory Management: Centralized tracking of sales, purchases, returns, and expiry alerts
  • Revenue Snapshot: Real-time tracking of dues, payments, and cash flow
  • ShortBook Dashboard: Stock views by medicine, distributor, and manufacturer
  • Smart Reporting: Instant downloadable reports for accounts, stock, and sales

Business Impact:

  • 2x faster prescription fulfillment, reducing wait times and improving patient experience
  • 27% reduction in stock-out incidents through real-time alerts and inventory visibility
  • 81% reduction in manual errors, thanks to automation and real-time dashboards
  • Streamlined doctor-pharmacy coordination, leading to fewer clarifications and faster dispensing

Integration Is Key

A mobile-first sales app in healthcare is as strong as the ecosystem it fits into. Mantra Labs ensures seamless integration with:

  • CRM systems for lead and pipeline tracking
  • HRMS for leave, attendance, and performance sync
  • LMS to deliver ongoing training
  • Product Catalogs to support detailing and onboarding

Ready to Empower Your Sales Teams?

From lead capture to conversion, Mantra Labs helps you automate, streamline, and accelerate every step of the sales journey. 

Whether you’re managing field agents, handling complex product configurations, or tracking customer interactions — we bring the tech & domain expertise to cut manual effort and boost productivity.

Let’s simplify your sales workflows. Book a quick call.

Further Reading: How Smarter Sales Apps Are Reinventing the Frontlines of Insurance Distribution

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