PeppercornAI launches SaaS offering
Summary
Specifically, the startup is seeing interest in its platform due to its ability to lower operational costs and mitigate risk by offering an end-to-end digital experience – what the company refers to as a ‘conversational-first’ approach. Furthermore, Pipr’s automated pre-sale underwriting feature can improve risk and lower loss ratios, a process that is typically done manually and takes significant time and resource. In June, industry analysis found that the increasing costs of claims payouts and vehicle repairs were resulting in record high premiums and policy renewals for consumers. In launching its SaaS product, PeppercornAI aims to support the industry by relieving rising cost pressures through the use of its technology, which it says can deliver lower prices and improve the customer experience at the same time. Nigel Lombard, CEO and Founder of PeppercornAI, commented: “We’re on a mission to help the entire industry accelerate its digital transformation, whether it’s an insurtech startup with ambitious growth targets or a legacy provider looking for solutions to drive greater efficiencies.