A general premium increases will typically not have the desired effect on your portfolio. Profiles that contributed positively to your portfolio will find a more attractive offer at one of your competitors, leaving you with only profiles for which you underprice their risk. Our segmentation solution enables you to make targeted premium changes by automated segmentation of your portfolio based on the performance and quality of the segments. We do this by individual risk predictions on your portfolio, and comparing this to your premium structure.
Data driven underwriting is a powerful and proven combination of the solutions Portfolio Forecasting, Dynamic Pricing and Customer Segmentation. This solution empowers insurers to closely monitor and steer the performance of thier portfolio, by setting premiums based on individual risk.