Artificial Intelligence (AI) is increasingly making a major impact on almost every industry today. Thanks to its innovative usage, we can look forward to a future where humans can concentrate on the decision-making processes and leave routine tasks to automation. As per McKinsey-Insurance 2030 report, the future insurance industry is -” Highly dynamic, usage-based insurance… Read More »
First thing first, before moving to the ways to improve, let’s understand the terms renewal rate, premium, and sales enablement. Renewal is a percentage that measures the number of customers that renew at the end of a period versus how many total customers could have renewed. Having a high renewal rate allows you to predict… Read More »