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Revenue Leak — Insurance
See what a low conversion rate is costing Insurance — the monthly revenue leak and the upside of closing the gap.
What this means for Insurance
- Underwriting still depends on PDF submissions, broker emails, and a thirty-year-old policy admin system that nobody wants to touch.
- Claims FNOL takes 3-7 days to triage; loss-adjustment expense is climbing while combined ratio creeps over 100.
- Fraud detection is rules-based and circa-2015; the SIU team chases obvious cases while sophisticated organized fraud slips through.
Where it pays to act
- AI-assisted underwriting that ingests broker submissions (PDF, email, schedules) and produces a first-pass risk view.
- Computer vision for claims — auto damage assessment, property damage from drone imagery, contents valuation.
Adjust the inputs to match your Insurance context.
Conversion funnel value
Revenue today / mo
₹3 L
Potential / mo
₹6 L
Leaking / mo
₹3 L
Annual leak
₹36 L
Extra conversions / mo
100
What this means
Revenue is leaking every month.
For Insurance, moving conversion from 2% to 4% would add 100 conversions/mo and recover ₹36 L/yr in revenue that is currently leaking away.
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Revenue leak — summary
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