Bestow gives carriers end-to-end data visibility
Life insurance was built on data, and Bestow is designed to bring that principle into the modern era. The platform gives carriers real-time visibility across the full policy lifecycle — from application and underwriting through in-force administration — with customizable dashboards, automated feeds, and granular reporting. That visibility connects lead sources and agent performance to lapse and claims outcomes, giving carriers the insight they need to make smarter business decisions.
Melbourne O'Banion: The amazing thing to me about the life insurance industry is that it was the original industry that leveraged big data. So we want to go back to those roots and say how do we give much more visibility and as many insights to the data as possible.
Peter Eliason: Data is very important for our partners because it captures all of the aspects of the application process as well as the fulfillment process, all of the underwriting components, and then all of the in force policy administration components.
Jeremy Bill: We have a tremendous amount of data, and a tremendous amount of visibility that can really help carriers manage their business better.
Matt Baxter: We make sure that the carrier has access to all the information that's flowing through our platform, and this comes in the form of analytical dashboards and reports, but also automatic feeds and data that provide them with the insight that they need.
Jeremy Bill: What we're able to do is really in real-time monitor the results, so we have great data that quickly gives us trends, gives us indicators of whether or not something is working as expected. Not just from the underwriting performance, but how that ties backwards to where the actual applicant came from, what was the lead source or the agent that submitted that, but also tying it forward. What kind of lapse experience did you have? Ultimately what kind of claims experience did you have?
Peter Eliason: We make sure that we're able to customize the level of data, the granularity of data that is important for them to be able to make their business decisions.
Bo Hu: In order to grow and scale your business, it is imperative to have visibility into your customers and how your business is performing. Bestow is built in a way to give you that exact picture in today’s complex world.
Peter Eliason: There’s something special about what we’ve built so far, and I believe we’re not done.
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