Enhance Your Customer Experience and Improve Your Bottom Line
The Predictive-AI and Application Data Prefill Suite
Fenris delivers the data and insight from a lead to a sale that optimizes every insurance quote and bind journey.
Predictive-AI
Insurance quoting is a highly data-driven exercise. Getting the information right is crucial for presenting an accurate, bindable quote for purchase. Each client’s algorithm is installed in the cloud behind industry-leading security, and the retraining takes seconds with our automated data pipelines.
Propensity to Buy is the most common score our clients ask for, followed by LTV and Persistency (churn propensity). With built-in appetite matching, the chances of buying or quoting the wrong leads are decreased, which increases efficiency and throughput for maximum sales and profitability.
Some of our clients maintain their own in-house data science and analytics team and find great value in augmenting their efforts with Fenris’ specific use cases for real-time lead scoring and intake prioritization for best results at a lower total cost of ownership.
Auto Insurance Prefill
Insurance quoting is data-intensive. Relying on a prefill service like Fenris makes the cumbersome feel streamlined.
Our 50-state prefill solution makes it easy to get the drivers in the household, including minors of driving age, and not have to bother with questions such as “How is that spelled?” The vehicles and 16-character VINs are also returned, which solves a major point of potential abandonment and lifts the first call close rate. Further services deliver the Driver’s License and the Violations search results to round out the data needed for accurate quoting.
Cross-sale and Renewal
The policy’s complete lifecycle only starts with quoting. Rounding the account by bundling home and auto (including RV, motorcycle, trailers, etc.) is a terrific way to increase loyalty and ensure customers have adequate coverage across multiple lines.
Predictive AI makes renewals easier by indicating where the risk of churn is greatest and taking active measures to retain and renew.
