The Work Index by Flexa

Locket

Locket is a SaaS platform that helps insurance companies prevent and reduce claims, boost revenue, and increase customer loyalty.

https://www.locketconnect.com/
4.7

/10

Transparency ranking

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Description

Locket is a SaaS platform designed specifically for the insurance industry, focusing on preventing claims and boosting customer loyalty. Their approach involves providing a comprehensive toolkit of smart tech-powered prevention tools, engaging educational content, and a loyalty rewards system. By empowering customers to actively prevent claims through proactive measures, Locket aims to reduce insurance costs, increase customer satisfaction, and ultimately build stronger relationships between insurers and their policyholders.

Locket's innovative approach is underscored by its collaboration with experts in safety and security, integration with smart devices, and the creation of a marketplace for preventative products and services. Their platform also includes features like a dedicated Insurance Wallet for policy management and a Switching Service to simplify transitions. By offering a holistic and customer-centric solution, Locket positions itself as a leader in the evolving landscape of insurance technology.

Mission

Locket is a SaaS platform for insurance companies focused on preventing claims and boosting revenue. Their mission is to help insurers shift from a reactive claims-handling approach to a proactive approach that emphasizes prevention. They achieve this through a suite of tools and resources that empower customers to take an active role in their safety and security, including smart tech integrations, educational content, and a loyalty rewards system. This strategy aims to reduce claims costs, increase customer satisfaction, and cultivate stronger relationships between insurers and policyholders.

Disruptor
Improving quality of life/health
Social impact led
Tech for good

Culture

Locket promotes a culture focused on innovation and customer-centricity, driven by a desire to provide proactive solutions for the insurance industry. They emphasize the importance of building trust and loyalty with customers by offering unique features like a loyalty reward system and an emergency toolkit. Their team, composed of experts in smart tech and behavioral science, works collaboratively to develop solutions that empower customers to prevent claims and enhance their experience.

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