Property and Casualty Insurance – Profitability Detection

Understand the profitable and loss-making segments in your portfolio. Help product managers and underwriters take rate actions in order to maintain profitability. 

Benefits: 

  • Improve loss ratio 
  • Understand the loss-making customer segments 
  • Took actions per segment determined by certain variables and decision scores

Property and Casualty Insurance – Churn Prediction

Analyze the real reasons behind your churning customers. Help insurers increase customer loyalty by identifying future churn and giving business experts the ability to act before it is too late.

Benefits: 

  • 79% churn prediction accuracy achieved
  • Better understood the reasons behind churning segments
  • Took actions per segment determined by certain variables and decision scores

Property and Casualty Insurance – Claims Prediction

Identify high and low claims risk categories with relevant explanations that provide you with new market insights and reduce your claims budget. Help your marketing team make better decisions and improve your bottom line.

Benefits: 

  • 68% improvement in high claim micro-segments detection
  • Claim risk reduction at an understandable and actionable micro-segment level
  • Gaining new market insights and service differentiation
  • Product and pricing policy optimization

Property and Casualty Insurance – Claim Fraud Detection

Help SIU members spend less time on clean claims and detect possible fraudulent claims more successfully.

Benefits:

  • Detecting Continuously Changing Fraud Patterns
  • Improve SIU Referral Rate
  • Learn Root Causes of Fraudulent Transactions

Life Insurance – Churn Prediction

Analyze the real reasons behind your losing customers. Help life insurers increase customer loyalty by identifying future churn and giving business experts the ability to act before it is too late.

Benefits:

  • Detecting churning customers at the top 50% of churn scores with up to 89%
  • Sending early warning indicators to the advisors
  • Increase customer loyalty

Life Insurance – Health Claim Risk Prediction

Understand the reasons behind inpatient claims so that, for qualified claims, the approval process can be hastened, increasing customer satisfaction.

Benefits:

  • Achieving 400% improvement in the prediction of conversion to inpatient
  • Half of the inpatient claims predicted 6 months in advance
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