AI-powered insurance policy renewal

Renewals across WhatsApp, web and mobile app with up to 20% more revenue from personalised cross-sell offers

Challenge

Insurance policy renewal is slow and manual and customers often forget reminders or drop off

Our approach

Automated renewals with AI ensure timely reminders, step-by-step support for clients and personalised cross-sell offers

Impact

Faster policy renewals, higher conversion and up to 20% more revenue from cross-selling

Automate the up-selling and cross-selling of insurance products with AI

  • Omnichannel renewals: automation across WhatsApp, web, and mobile app
  • Send reminders: timely notifications and follow ups for policy renewal
  • Guide renewals: step-by-step support through the insurance policy renewal process
  • Offer personalised cross sells: recommendations based on customer profile
  • Collect documents: automatic requests and validation of missing information
  • Support handover: seamless transfer to human agents when needed
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Impact

  • Up to 20% more revenue from cross-sell offers
  • AI-powered policy renewals across all channels
  • Less manual work for teams
  • Higher engagement and retention through simple, guided renewals

40%

drop in handling time when customers first interact with an AI chatbot for insurance renewals

80%

faster response times with AI assistants

83%

insurance customers 
satisfied with chatbots

54%

find bots suitable for claims and new policy applications

Why choose Tovie AI

Tovie AI creates scalable solutions for financial services, operating globally and understanding the cultural nuances and needs of our customers

Enterprise-grade security

IBM FS validated, GDPR, SOC 2 Type 1, Cyber Essentials, PII

Purpose-built for finance

Solutions designed for claims, renewals, compliance, not generic chatbots

Seamless integrations

Tovie AI natively integrates with Salesforce, HubSpot, and SharePoint, as well as core banking APIs

Proven ROI

Up to 50% faster processes, 80% automation, millions in savings

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Enterprise-ready AI deployment

Deploy Tovie AI solutions on cloud or on-premises, with AWS, IBM FS, and dedicated server options

Tovie AI seamlessly connects to any CRM, communication channel or knowledge base

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Boost renewal revenue now

Reduce manual work with an AI-powered chatbot for policy renewals

FAQs

What is policy renewal automation?

Policy renewal automation uses AI-powered policy renewal services to manage the entire renewal flow without manual effort. Instead of depending on phone calls or email reminders, the system sends timely notifications, guides customers through a simple renewal journey, suggests personalised cross-sell options, and collects any missing documents automatically. This reduces friction, improves engagement, and can generate up to 20 percent more revenue from relevant add-ons while freeing teams to focus on complex cases.

How does an insurance policy renewal bot work?

An insurance policy renewal bot connects to your existing systems and handles all the routine steps in the renewal process. It identifies upcoming expiries, contacts customers on the channels they already use, confirms their identity, answers questions about coverage, and walks them through a short, structured renewal flow. During the conversation, it can highlight suitable upgrades or add-ons based on the customer’s profile. The AI agent can also request and validate documents, complete the renewal in your policy system and transfer the case to a human agent whenever the situation requires it. This creates a faster, more consistent experience and increases renewal and cross-sell uptake.

What insurance renewal software can you connect to?

Our solution works alongside your existing insurance policy renewal automation software and connects to the tools insurers use every day. It integrates with CRMs like Salesforce and HubSpot, core banking and policy administration APIs, payment and e-signature providers, document systems such as SharePoint, and identity verification services. Because it runs on Tovie Platform, it can be deployed in cloud, hybrid, or on-premise environments. It meets the strict security and compliance standards required in financial services and gives you a smooth and fully connected renewal workflow.

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