AI New Plan Design Recommender

IQX Intelligence Suite Component

Leverage predictive analytics to recommend optimal employee benefits plan designs.

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Discover the IQX New Plan Design Recommender

Predictive Analytics for Group Benefits Plans

AI to Drive Group Insurance Sales

Built using Global IQX’s proprietary AI Recommendation Engine, the New Plan Design Recommender uses predictive analytics to decrease the time to assemble a quote, increase revenues, and drive customer success by recommending an alternate plan design that will be most successful based on various data points (such as location, SIC code, and group size) and past success data for the carrier.

This component is an AI add-on to the IQX Productivity Suite’s Express Quote component.

The Benefits of AI for New Plan Design

By recommending an alternate plan design based on various data points and success history, the New Plan Design Recommender provides a valuable benchmark for brokers and sales personnel to better understand their business.

The machine learning algorithms behind the IQX Recommendation Engine use historical success data specific to each carrier. This means the New Plan Design Recommender continues to learn and adapt over time, offering precise and unique recommendations to each carrier.