data driven underwriting

Data Driven Underwriting is a powerful solution that empowers underwriters to closely monitor the performance of their portfolio and steer volume. Be in control of a healthy combined ratio, and increase volume and the loyalty of your policy holders. Accurate individual risk predictions enable you to evaluate premiums on an individual level and identify valuable customer segments. By predicting your market position on comparison websites for every offer, you will be able to target and attract the right customers to increase the volume and performance of your portfolio.

Conversion

Predicts the probability that an individual will convert on a specific offer

Business results

  • Combined ratio improvement­ up to 85%
  • Up to 217% volume increase in targeted groups
  • Up to 50% volume decrease in non-profitable groups

Consumer results

  • *Competitive* premiums Competitive­ premiums

BOOST PORTFOLIO PROFITABILITY AND VOLUME

Be in control of your combined ratio while realizing growth

BE IN CONTROL OF YOUR PORTFOLIO
Efficiently manage the profitability and volume of your portfolio and/or dive deeper into the performance of a specific insurance product. Advanced Data Science and Machine Learning algorithms enable you to be in control of your business results.

PREDICT COMBINED RATIO

Get insight in the current status of your portfolio

PREDICT COMBINED RATIO
Forecast premium incomes and claim expenses and get insight in the current status of your portfolio by predicting the combined ratio for a selected period of time.

INDIVIDUAL RISK ASSESSMENT

Get insight in the profitability of the different consumer segments in your portfolio

DYNAMIC SEGMENTATION WITH DATA SCIENCE
Our intelligent algorithms segment your portfolio based on profitabilty of different client groups. Get insight in risk driving factors and discover how different customer segments contribute to your profitability.

KNOW WHICH PROFILES TO TARGET
With these predictions you get insight in which profiles are positively contributing to your portfolio. By targeting look-a-like profiles in the market you will be able to attract the right customers.

MAKE A PERSONALIZED OFFER

Attract and keep the right customers

PERSONALIZE YOUR OFFERINGS
Evaluate premiums on an individual level based on actual risk and loyalty. Next to this, other business factors such as conversion, churn and market position are taken into account to optimize your premiums.

MARKET POSITION ON COMPARISON WEBSITES
Being at the top is key. Predict for every price point what your market position will be on comparison websites and claim the optimal spot to boost your portfolio and margins by proactively targeting your desired customers.

STEER AND CONTROL YOUR PORTFOLIO­

Continuously iterate and optimize your portfolio

PREDICT THE EFFECTS OF CHANGING YOUR OFFERING
Get instant predictions on the profitability and volume of your portfolio for the selected changes in your offering and understand how this impacts the combined ratio in the upcoming period.

interested­ in this solution?

Get in contact with our Business Development & Solution Expert

foto van NAAM

shahin rasti­
business development & solution expert

I'm looking forward to brainstorm about the possibilities of this solution in your organization. Don't hesitate to get in touch!

Ask Shahin