Neon Matter: Your April Insurtech & AI News
This month's highlight: AI - Have your say ???
With the rise in AI technology such as viral chatbot Chat GPT exploding on the scene, AI is fast appearing on the radar for many organisations.?
What are you thoughts on AI and are you exploring how it could be integrated into your product offering or tech stack?
Please take a moment to share your thoughts, which could feature in our upcoming white paper.?
This month in numbers: Nuon AI delivers further premium increases for E&S products ??
6.5% premium increase
Last month we shared a new case study with a?US nationwide E&S insurance customer. Now, the impact?delivered?has risen?further?from a 3.7% to a 6.5% increase in premium over a 22 day period.
Don't miss our other case studies...
31.1% policy increase
Customer:?UK personal lines insurer, competing on the 4 main aggregators
AI mission:?To increase the size of the insurance book and grow underlying profit
领英推荐
11.5% profit increase
Customer:?Another UK personal lines insurer, competing on the 4 main aggregators
AI mission:?To increase profit margin within the bounds of limited capacity supply
Let's talk???
Could we deliver a similar impact on your insurance product performance?
To arrange your Discovery Call with the team, click here. We look forward to hearing from you!
This month's learnings: How to outpace competitors on pricing strategy ??
With rising competition for policy sales, outpacing the competition on insurance pricing strategy is becoming increasingly challenging. But, it's possible.
In this blog, Nuon AI co-founder?Matthew Tomlinson?explores 3 tried and tested strategies for staying ahead - even when competitors start mirroring pricing.
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See you next time!