INSURANCE QUOTE CONVERSION

INSURANCE QUOTE CONVERSION

How Logical Glue increased quote conversion in the competitive motor insurance market.

KEY STATS

The model built by Logical Glue showed an uplift over the existing actuarial model of 15%, meaning that the underwriters were able to incorporate the output of the model into their premium pricing with a high degree of confidence.

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CREDIT INSURANCE PRICING

CREDIT INSURANCE PRICING

Increasing decision automation and the acceptance rate for a leading credit insurer.

KEY STATS

Rolling out the Logical Glue solution led to a 37% increase in policies that could be underwritten automatically and a 13% increase in policy acceptance rate while keeping the same default risk.

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MGA PRICING & CONVERSION

MGA PRICING & CONVERSION

Moving to a technology led model with Logical Glue enabled this insurer to become less reliant on cumbersome legacy systems.

KEY STATS

The new process delivered by Logical Glue demonstrated an uplift of 9% versus the existing system generated premium approach.

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