MindGradient’s solutions help insurance and financial service providers and their sales force to optimally build, price and position quotes in real-time
Increased competition, new entrants, digital channel, and mobile platforms: your customers have more information, are empowered, and will compare, shop, and ultimately choose the most attractive proposal. In order to retain customers and win new ones, you must produce competitive quotes, but not pointlessly undercut your market.
RAKE (Real-time Autonomous Knowledge Engine) is MindGradient’s novel technology which applies proven Artificial Intelligence and Mathematical Optimization concepts in a flexible, transparent, business-ready tool
RAKE allows your enterprise to do AI today, to address a real business need, and reap the benefits in a non-disruptive, incremental manner
Market knowledge is often spread around members of the sales force. An agent’s success or failure in
acquiring a new customer does not typically translate into immediate, shared knowledge about the marketplace.
By monitoring every customer interaction into a central market model, and by learning from each new interaction outcome (successful or not), RAKE can interpolate, in real-time, how a market behave and help agents build, position and price new quotes towards optimal results
RAKE helps your company identify and exploit every revenue opportunity
By helping you optimally position every quote, RAKE helps you be the one who defines the market, instead of following it
A growing number of customers, especially young ones, want to self-serve in a pleasant, seamless and affordable way. RAKE helps you making a good impression on them ensuring you appear as a competitive provider that is always relevant in its market
By learning for every market interaction, RAKE centralizes market knowledge that would otherwise by spread across agents and systems into a single, coherent AI model
RAKE’s configuration mechanisms allow you to comply with regulations and internal policies
RAKE is available as a cloud-based solution with which you interact through a small number of REST operations and XML/JSON business objects
RAKE’s web-based monitoring interface allows you to configure the tool to match your business needs, follow its performance on an ongoing basis, and analyse its recommendations in greater depth
RAKE is configured by telling how your data is organized. From there, RAKE can start learning. If historical data is available, it can also be loaded into RAKE to speed up its bootstrap