Insights

Robo-Advisors: AI in Insurance Improves Advisory Productivity

Advisory has been a critical component for financial services and insurance (BFSI) companies to guide new investors based on their expense plan. Driven by AI and automation, robo-advisor is an emerging platform in this space and enterprises are using it to mechanize investment advice for prospects.

 

A BFSI organization was looking for investment advice automation covering 90 million millennials and turned up to Cognizant for a digital solution. The provider facilitated them with an AI-enabled robo-advisor application that captures investment goals, amount, etc. to give recommendations. This resulted in gaining 500 new clients and assets of $25M within 60 days and curbed physical advisor costs by ~1.5%.

 

Service providers are leveraging AI in insurance to develop robo-advisor solutions and help companies in improving their advisory productivity without human intervention.

What you should do now

  1. Request a Demo and see how Draup can maximize the impact of your go-to-market teams with AI-driven sales intelligence.
  2. Read more free material about sales intelligence topics in our blog.
  3. If you know someone who’d enjoy this page, share it with them via email, LinkedIn, Twitter, or Facebook.