Life insurance is a key protection that enables for financial peace of mind in the case of death of the insured person by providing payment to the designated beneficiary. Life insurance can take many forms for protection and investment with various whole/ universal, term, funeral expenses, and other forms available. It can take many weeks to secure the policy and is particularly challenging during Covid when it requires medical health records and blood analysis as part of the underwriting process.
Innovators are moving forward to streamline the approval process as well as targeting mass and mid market consumers who make up the 43m Americans who currently carry no life insurance coverages. Fenris provides much of the 360 degree view on the applicant, beneficiaries, assets, and needs by matching any applicant back to our proprietary insights on 255m adults across 130m households and keeping up to date on life events that impact readiness to purchase any insurance product.
| Common Problems | How We Can Help | |
|---|---|---|
| Limited insight into customer's profile and changing needs | Full 360 view into customer's family, home, assets, hobbies, and more | |
| Churn rates lower life time value | Alerts when churn events have been detected | |
| Blanket policyholder marketing that lacks targeting | Improve cross-sell by targeting during moments that matter | |
| Lack of customer engagement and relationship building | Proactive alerts to drive better customer engagement |
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