AI Annuity platform
AI-based platform that helps insurance businesses increase revenue and improve annuity sales and services by setting the right prices for annuity products and making smarter predictions about customer behavior.
Client
US-based Startup Company
Team Size
12
Industry
Insurance
Business Challenge
Following rules and managing risks in an effective way.
Meeting the changing needs of the customers.
Making better decisions based on real-time data and work more efficiently.
Finding the best ways to sell annuity products to grow the business.
The primary goals of the project
Creating AI models to establish an optimal pricing model for each customer.
Tracking essential metrics like Lifetime Value (LTV).
Scaling and customizing the system to meet future requirements.
Turning unstructured data into structured data to optimize pricing and maximize profitability.
Optimizing pricing strategies through AI insights and making smarter decisions.
Business Results
Increased Engagement
AI system helped the client increase interest in exploring annuity solutions by 71%.
Accurate Predictions
With AI models, the client managed to make predictions about customer behavior more accurately.
Efficient Reporting
The client reduced the time spent on regulatory reporting by 34%
Mitigated Risks
Through automated reporting and more accurate data processing, the client minimized the risk of penalties by 50%.
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Other Our Work
Get in touch
Development offices
Estonia HQ
Kesklinna linnaosa, Narva mnt 5,
Tallinn
USA HQ
900 Foulk Rd. Ste 201, 19803,
Wilmington
