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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CLAIMS HANDLING

CLAIMS HANDLING

Using enriched data in the claims space, AI and machine learning can effectively be used to improve business automation workflow.

KEY STATS

Increased automation led to a 30% reduction in claims costs.

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PRICING

PRICING

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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