The insurance industry is undergoing a seismic, tech-driven shift. As AI transforms the entire value chain, incumbents are harnessing technology to become custodians of customer value and turn scale to their advantage in countering disruptive digital-native innovators.
Own the insurance value chain with AI
SparkBeyond guides insurers to achieve a successful digital transformation with the people they already have and the data they’re already collecting.
- Retention management (churn, withdrawals)
- Cross-selling: Next product to buy
- Lifetime value estimation
- Value-based prospecting
- Collection optimization
- Sales & Marketing efficiency
- Underwriting automation optimization
- Technical and behavioural pricing for new business & renewals
- Claims result implications for underwriting
- Steering to preferred providers
- Claim frequency & severity modeling
- Subrogation opportunities
- Enhanced fraud prediction