Archive · 26 Jun 2025
RenewBuy Launches AI Insurance Tool, PRISM, for Consumers
RenewBuy created PRISM, a special computer program using AI to help people find the right insurance.
It's like a smart advisor that suggests insurance plans based on your age, money, and health.
This program helps make insurance easier to understand and more personal.
The goal is to reach more people, especially in smaller towns, by offering plans that fit their needs.
Advisors will also get information to help them assist customers.
Ultimately, it aims to save time for consumers and provide tailored insurance options.
RenewBuy launched PRISM, an AI-powered recommendation engine.
PRISM aims to offer personalized insurance recommendations.
It considers factors like age, income, and health history.
The engine will provide tailored recommendations for health, term, and savings insurance.
RenewBuy aims to reach over 1 million consumers by FY26.
- Who
- RenewBuy, an InsurTech company, launched PRISM.
- What
- RenewBuy launched PRISM, an AI-powered insurance recommendation engine.
- When
- Announced on June 26th.
- Where
- New Delhi, India.
- Why
- To make insurance more accessible and personalized for Indian consumers.
Consumers
Insurance Advisors
Insurance Accessibility
Consumers
Consumers seek affordable, easy to understand insurance.
Insurance Advisors
Insurance advisors assist in navigating insurance needs.
- Company
- RenewBuy
- Product
- PRISM (Predictive Risk Identification & Selection Model)
- Purpose
- AI-powered insurance recommendation engine
- Goal
- Reach over 1 million consumers by FY26
- Focus
- Hyper-personalized insurance recommendations
- Founded
- 2015