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The existing Life and Health insurance underwriting process is broken. It is extremely long, accuracy can be improved and it experiences high operating costs. Find out how our innovative approach is helping insurers.
Insurance has one of the highest application abandonment rates and the most important reason for this is the long customer journey (industry avg. 52 days).
By integrating our API into an insurers sales journey, a customer can receive their price (not quote!) in a couple of minutes, hence decreasing dropouts and increasing sales.
No matter how long underwriting questionnaires are, accuracy levels achieved are still rather low.
Our approach achieves accuracy levels of up to 89% generating better risk pricing and lower uncertainty.
The operational infrastructure supporting today’s distribution network is costly where highly qualified resources spend hours sitting through manual processes.
Our automated approach frees up these valuable resources to generate valuable insights that protect and grow your business