Insurance Customer Retention: 4 Ways a Deep Learning-Based Approach Can Help

Source: Deep Learning on Medium

The US insurance market today is extremely competitive. It is fairly easy for consumers to switch their existing carrier and move to the one offering them a better deal. As the customer base gets saturated, insurance carriers run many programs for customers to switch from their existing carriers. With low barriers to switching, customers become indifferent and shop around for a better deal each time they need to renew their insurance policies.

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