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AI Quote

Discovery Life
South Africa
Core Insurance Transformation 2021

Elevator pitch

AI Quote creates a comparable Discovery policy in 60 seconds from clients’ existing insurance documents.

Innovation Presentation

Using AI Quote, brokers and clients can upload a PDF or pictures of competitor insurance and investment documents, via phone or computer, and receive an equivalent Discovery quote in seconds. The entire journey can be completed in under two minutes. Where a client completes the journey, they will be called by a sales agent to discuss the specifics of the quote and close the sale.

South African insurance and investments markets are highly developed and innovative spaces, with frequent product updates and enhancements. While products are fine-tuned to meet customer needs, it’s difficult for brokers to keep track of various products in the market and how they compare between competitors. In addition, clients are not in the position to unde…

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