Automated Sales & Underwriting Strategies can Transform Insurance - PowerPoint PPT Presentation

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Automated Sales & Underwriting Strategies can Transform Insurance

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Many of the underlying processes in insurance which had already started evolving due to the adoption of digital and intelligent automation across functions have scaled substantially in the post-COVID world. – PowerPoint PPT presentation

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Title: Automated Sales & Underwriting Strategies can Transform Insurance


1
  • Automated Sales Underwriting Strategies can
    Transform Insurance

2
  • The Covid-19 pandemic brought the world to a
    halt.
  • Lockdowns, travel bans, and unemployment affected
    the economy of many countries.
  • This has transformed several underlying processes
    in the insurance sector.
  • Insurance companies are adopting digital
    solutions to perform several activities.

3
  • Role of Automation and AI is increasing in Sales
    and Underwriting

4
  • Salespeople are adopting digital channels with a
    robust automated underwriting process.
  • Automated solutions can analyze textual, visual,
    or sensor-based data and extract necessary
    information.
  • This makes it easier to make insightful business
    decisions without human errors.

5
  • Machine learning helps in building detailed
    customer profiles based on their past behavior.
  • Insurers are using automated risk grade
    classification for the critical steps of risk and
    exposure determination.
  • Automation can also recommend rates at the final
    stages of pricing optimization and quote
    generation.

6
  • Insurers may find it beneficial to explore new
    products, markets, and data formats thanks to AI
    and automated solutions.
  • Underwriters can evaluate risk better and
    contribute productively to the bottom line.

7
Thank You !Would Love to Hear From You
  • BRIDGEi2i
  • 42808 Christy St Suite 226, Fremont, CA 94538
  • Phone No. 012542444300
  • Email Id enquiries_at_bridgei2i.com
  • Website https//bridgei2i.com/
  • Know more about- Automated Sales Underwriting
    Strategies can Transform Insurance
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