Understand your customers:
Generate UpSell, Cross-Sell and Retention plans
Transform your conversation with your customer, broker, agent or financial advisor. Offer the full lookalike experience: "people like you were interested in...", "based on the data, you probably want to consider..."Become a value-add solution and not an insurance provider. Estimate potential under- insurance on any level, from individual to the portfolio.
Predict lapse patterns
Preventing lapse is the easiest way for a company to grow. While most of the cost is already sunk, the long-term profit is not yet realized. Once you know who in your book has high lapse potential, it is much easier for your company to be prepared. Market with the relevant approach, instead of up-selling, when the customer isn't happy. Be fully prepared to save the relationship if something happens.
Case study: Atidot improved lead scores by 150%
Monetizing both internal in-force data and external data by leveraging Atidot's proprietary models, a top-tier life insurance carrier was able to improve lead scores by 150% within less than 100 days.
Case study: Atidot increased a company's incoming premium by 35%
By finding the right cohorts Atidot helped a company strategize for retention. Predict and simulate the most effective retention efforts for their policyholders, the appropriate premium level, the best product bundle for them.
By using the right strategy, the company increased it's premium collection by 35% annually.