Pakistan, Jan’17: Mawazna.com offers Pakistani customers with emerging Insurance Technology also known as (InsurTech), the innovation which has set out to revolutionize the insurance market in the 21st century. InsurTech, is emerging as a game-changing opportunity for insurers to innovate, improve the benefits of their insurance offerings and growing needs.

InsurTech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model. Considering the alteration in customer expectations, lifestyles and preferences, the insurance industry is ripe for innovation. Recently, InsurTech has garnered increasing attention from venture capitalists, startups, and insurance companies. InsurTech is exploring avenues that large insurance firms have less incentive to exploit, such as offering ultra-customized policies, social insurance, and using new streams of data from internet-enabled devices to dynamically price premiums according to observed behavior. Mawazna.com helps to connect insurance services in Pakistan directly with their potential customers through an aggregator so as to provide consumers with a transparent and simple access to product and services based on comparative analysis by Customers. Mawazna also aims to provide more focused services to help the Insurance companies in Pakistan to create increased engagement with their prospective customers.

The advanced Insurance technology (InsurTech) is able to respond to customer demands in new ways, customizing coverage as well as pricing to gain customer confidence and wallet share in the many ways such as:

• To create awareness among consumers about the different insurance products available, different types of coverage, their benefits and uses.

• Providing consumers the opportunity to compare insurance products side-by-side, to evaluate different carrier’s products and pricing.

• Enabling Consumers to make use of insurance products for shorter term for rentals direct from a smart phone. However this is still being introduced in pretty matured markets.

• Providing an Omni-channel buying experience – which provide consumers with the choice to buy according to their preferences and provides an insurer with the best opportunity to sell.

Mawazna.com is the fastest growing online comparison portal in Pakistan. They help the consumers to compare retail insurance products, loans, bank accounts, broadband and financial services in easy and efficient manner. With the rise of InsurTech Revolution, Mawazna.com is aiming to help the Pakistani Insurance service sector by associating it with the new digital channel and bridging the gap between insurance companies and individual consumers and providing them better reach to the products and services. They help to create awareness among insurers of the need to address changing market demands. InsurTech not only offer the insurance industry huge commercial potential, it can also help insurers reaffirm their purpose in society - to protect and support policyholders.

If you are looking for a reliable online digital platform to compare various insurance, banking, broadband and other products (including quotes) that best suits your needs. Visit Mawazna.com. For any queries, you can drop an email at [email protected] or call at +92 42-35291128

About the Company
Mawazna.com is a financial services & products comparison platform based in Pakistan. The platform is owned and operated by 'Finovators Digital Pvt Ltd' – a team of highly experienced financial services industry and business experts. Mawazna provides its customers a digital comparison facility for a variety of banking, Insurance, and telecom products including Car Insurance, Travel Insurance, Bank Accounts, Credit Cards, Personal, Car and Home Loans, and Broadband products. The service offers a highly intuitive user experience tailored for the needs of Pakistani consumers. Both individual consumers and Small and Medium Enterprises (SMEs) can benefit from the service since they can make more informed decision in addition to saving the cost and valuable time. Mawazna was launched in 2016 and the service is gaining high interest from the market participants.

Contact Information:
Contact Person: Muhammad Waqar Asghar
Designation: Founder
Address: 243 G-1, Johar Town, Lahore, Pakistan
Contact Number: +92 42-35291128
Company Email ID [email protected]
Website: www.mawazna.com