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In the insurance world, time is a precious resource. Insurance agents are tasked not only with quoting prospective clients but also with securing sales, a combination that often eats up significant portions of their day. Traditionally, agents spend hours each month working on quotes, many of which do not turn into sales. Imagine, then, a tool that could provide fast, accurate quotes by leveraging an AI model trained to analyze data and estimate premiums, delivering the quote directly to a prospect's inbox or phone within five minutes. By reverse-engineering a large language model (LLM) with data-driven insights, Strawberry Antler’s Edison does precisely this. Here’s how it works, why it’s a breakthrough, and what it could mean for agency efficiency.
The process starts with reverse-engineering an LLM, trained specifically for producing accurate home and auto insurance quotes. This model processes vast amounts of historical insurance data, including past claims, demographic data, regional risk factors, and market trends. Through this data analysis, the model learns patterns and factors that influence premium rates, adjusting for variables like location, property size, coverage options, and driving history.
When a prospect fills out a form on your website, Edison instantly processes the input data, matching it to relevant factors in its knowledge base. This allows Edison to produce a highly accurate premium quote that reflects the specific profile and risk level of the prospect. Within five minutes, the quote is sent via text or email, giving the prospect instant insight and sparing the agent from manual work. No back-and-forth, no manual calculations—just immediate, accurate results.
To see Edison in action, explore it here: Strawberry Antler's Edison.
Typically, insurance software tools aim to manage the workflow between initial inquiry and final quote. These products help agents track leads, run calculations, and manage data, but they also require time and attention. With Edison, that intermediary process is minimized. Instead of managing several steps, Edison gets straight to the quote, which allows agents to focus on their core job: prospecting and closing sales. By delivering a quote in minutes, Edison also provides prospects with immediate value, making them more likely to stay engaged and less likely to drop off.
This shift in process is especially valuable because agents often waste time on quotes that don’t lead to sales. Agents spend an average of 30 minutes to produce one quote, only to discover that a high percentage of quotes don’t convert. Edison sidesteps this inefficiency by streamlining the quote delivery process so agents can get back on offense—finding new clients, strengthening relationships, and building the business.
Consider an agent who generates about 100 quotes per month. If the agent spends 30 minutes per quote, this translates to 50 hours of work each month. However, if only 30% of those quotes turn into sales, then 70 quotes (or 35 hours) are spent on leads that don’t result in a policy.
With Edison, the agent could automatically deliver quotes to prospects, spending almost no time on initial quoting. Instead of 50 hours, the agent might only spend 15 hours following up with qualified leads, which represents a time savings of about 70%. The agent can now reinvest that time in prospecting or nurturing existing clients, both of which are far more valuable uses of their energy and resources.
In an industry where efficiency directly impacts profitability, AI-driven tools like Edison can transform the way agencies operate. By minimizing the time spent on quoting and maximizing the time agents spend prospecting, agencies can improve both their closing rates and overall productivity. This reimagined workflow is a new approach for most insurance professionals, who are accustomed to hands-on quoting. However, by letting AI handle initial quotes, agencies can run more efficiently and profitably. With more time on their hands, agents can engage high-value prospects, build stronger relationships, and drive more business.
The future of insurance is about working smarter, not harder, and tools like Edison represent a critical step forward. By embracing this technology, insurance professionals can focus on what they do best: helping clients and growing their businesses.