Re-imagining the Life Insurance Journey: From 3 Weeks to 3 Minutes
The Challenge
Our client, a major EU-based life insurer, was losing applicants due to a slow, paper-intensive underwriting and KYC process that took an average of 21 days.
The Beakwise Solution
We orchestrated a fully digital, "dream-like" journey powered by the Beaksurance Suite . The CJTM manages the end-to-end workflow, the CM uses AI to validate identity documents, and our integration with third-party AML databases provides instant screening. The result is a seamless, mobile-first experience.
The Results
- 90% of standard policies issued via Straight-Through Processing.
- Average onboarding time reduced from 21 days to under 3 minutes.
- 60% reduction in underwriting operational costs.