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Track record · Insurance brokerage

Making existing contracts digitally usable

For an insurance brokerage with almost 4 million customers and over 5,500 financial advisors, existing contracts were read and processed automatically: historical contract data from a wide variety of formats was structured to quickly offer better terms and alternative proposals.

The challenge

The problem

Existing contract data was not used or monetised systematically, even though it held enormous potential for advice and cross-selling.

The wide variety of formats in the existing contracts made automation difficult; the goal was to quickly provide existing-customer data and value-added or alternative offers.

Document AI

The solution

How it was solved

Automated reading Automated reading and processing of historical data from insurance documents to identify better terms.
Customer app Results are presented in a simple customer app, including what-if scenarios.
Cross- and upselling The basis for targeted cross- and upselling as well as higher customer satisfaction.

The results

11 Mio. € revenue increase
2,7 Mio. € savings
1,5 Mio. newly identified sales opportunities

Technology

Methods used

Stack

  • Document AI
  • OCR
  • Customer app
  • What-if analysis

Per the project report.

Led by Beyonetix founders and senior engineers. Figures per the respective project report.

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