A4Insurance is automated decision-making tool tailor-made for the needs of the insurance sector. It relies on A4E`s proprietary algorithms as well as input data available at the insurance company to score the profitability potential of particular insurance contract.

Contract Profitability Assessment With Reasons

Knowing whether a particular insurance contract is going to be profitable or not is a crucial business advantage. By elimination of the guesswork and turning existing business data into an instant advisor is an opportunity to deploy InsurTech at its best.

Data-Driven Decisions

a4Insurance relies on risk/profitability analytical model, which is utilizing existing business data. The model can handle multiple variables including but not limited to GWP, options and limits, brokerage discount, administrative costs, age and gender distribution, company specifics, etc. a4Insurance is assessing the risk/profitability potential for every insurance offer in order to point out the expected outcome.

Underwriters Work Automation

a4Insurance is aimed to help instantly the insurance companies` staff to be more efficient in terms of initial offering to the prospective client. With the help of this tool, underwriters are not just faster at their work but also more precise, hence profitable for the company.

Improved Insurer Performance And Clients Portfolio

By determining the potential risk contained within the particular offer, the insurance company has access to leverage that is managing the quality of its policies, hence their financial impact.

Shortened Sales Cycle

Among the crucial impacts that a4Insurance is giving to our clients is the increased speed of the sales process. When there is an opportunity to decide in seconds whether an insurance policy will be profitable or losing, the team gets more time to focus on the offers within the gray area.

Insurance Offer Optimization

By proper determination, whether a particular insurance offer is going to be profitable for the issuer or not, insurance businesses can adjust the offer in advance to achieve the desired performance. a4Insurance is assessing not just the risk but is also predicting the potential claim amount. On top of this, the tool is suggesting which particular parameters should be adjusted to achieve the desired risk level, hence contract profitability.

Real-Time Output

A4Insurance is delivering its output in real-time. This means that the sales consultant will know the potential profitability of a particular offer within seconds.

A4Insurance

by A4E OOD