Insurance industry is already leveraging the advancements in Artificial Intelligence to boost the up-selling process. Find out how your company can benefit from the use of Data Analytics for Customer Segmentation, Predictive Analytics, Chatbots, Virtual Assistants, Recommendation Engines, and Dynamic Pricing.
Unlocking the Power of Artificial Intelligence for Up-Selling in Insurtech
Artificial Intelligence (AI) is already changing the ways businesses operate across numerous industries. According to Forbes, the AI market is expected to reach an astonishing $407 billion by 2027.
Insurance and Insurtech companies can truly benefit from the advancements of Artificial Intelligence, and one of the areas that can be improved the most is up-selling.
The concept of up-selling in the insurance industry has been there for years. It refers to the practice of offering additional or upgraded insurance products or coverage to customers beyond their initial or existing policies.
Read the full article here: https://spd.group/insurtech-development/guide-to-up-selling-in-insurance/