Mobilversicherung and fb research develop a tool for the automated analysis and optimization of existing contracts

Mobilversicherung and fb research develop a tool for the automated analysis and optimization of existing contracts

According to a report by www.cash-online.de The companies Mobilversicherung and fb research have developed a new tool that makes it possible to analyze and optimize existing contracts on a digital 360-degree full-service platform. The automation takes into account up to 350 criteria per contract to ensure a comprehensive assessment. The tool is intended to relieve brokers and offer customers optimized contract processing. It is also intended to minimize liability risks caused by obsolete inventory.

Automated contract analysis and optimization can have a far-reaching impact on the insurance market. By being able to check old contracts for potential and gaps, insurers and brokers could generate new offers that better meet customers' needs. This could lead to higher customer satisfaction and increase trust in insurance products. Insurers could also be sure that the latest generation of policies are always offered by brokers, which increases the transparency and relevance of the offers.

Easing the burden on brokers through automated matching procedures and calculating new offers could save time and resources, which could lead to increased efficiency in the industry. Insurers, brokers and customers could therefore benefit equally from the new tool.

Hedging liability risks from outdated inventory is an important aspect in the insurance industry. By automatically optimizing legacy contracts, the tool could help minimize potential risks and increase security for all market participants.

Overall, the new tool from Mobilversicherung and fb research could bring about important changes in the insurance industry and optimize processes for brokers, insurers and customers. However, it remains to be seen how market participants will accept the tool and what long-term impact it will actually have.