Driving Wins for a Re-insurance Broker
Client: A re-insurance broker renowned for structuring complex programs for large cedents.
The Challenge
In a fiercely competitive global market, the client needed to respond to complex, time-sensitive RFPs from major cedent with exceptional speed, accuracy, and strategic insight. Their traditional methods of synthesizing vast amounts of proprietary market intelligence, historical placement data, and internal expertise were labor-intensive and slow, making it difficult to consistently craft highly tailored, compelling proposals that effectively showcased their unique value proposition.
Solution: ProposalAI in Action
The brokerage firm adopted ProposalAI to transform its extensive library of successful past RFP responses, market analyses, and proprietary structuring expertise into a dynamic, interactive knowledge base. This enabled them to:
- Instantly Query Proprietary Data: Using AI to pinpoint optimal structuring options, relevant market precedents, and key strategic insights for specific cedent RFP requirements.
- Automate RFP Processing: Uploading cedent RFPs for AI-driven requirement extraction and rapid generation of customized, high-quality draft proposals.
- Leverage AI-Assisted Research: Quickly incorporating current market data to strengthen RFP responses.
Results
The strategic implementation of ProposalAI yielded compelling outcomes:
- Accelerated response times for complex RFPs by an average of 70%, significantly improving speed to market.
- Improved operational efficiency across global teams, allowing for an increase in RFP handling capacity without additional headcount.
- Strengthened their competitive edge, contributing to an uplift in RFP win rates
