Insurance
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.
- US-based Startup Company
- 12 people
- Insurance
The 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.
- Client
- US-based Startup Company
- Team size
- 12 people
- Industry
- Insurance
At a glance
Project goals
- 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.
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%.
Questions about this case study
Who was the client on this project?
Client: US-based Startup Company. Industry: Insurance. We keep client names confidential under NDA, so we share the profile rather than the company name.
How big was the DevKit team?
DevKit provided a team of 12 people for this project, working as an extension of the client's own team.
Can DevKit build a similar team for my company?
Yes. We match you with top engineers from our own team and private network. You get vetted CVs in 3–5 business days, individual engineers can start in 2–3 weeks, and a dedicated team is usually ready in 2–4 weeks.
How do contracts, IP and confidentiality work?
You sign with DevKit Agency LLC (US) or DevKit Agency OÜ (EU). Every engagement includes an NDA, full IP ownership for you, free replacement if an engineer isn't the right fit, and no long-term lock-in.
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