General premium increases will result in a detoriating portfolio, since the positively contributing profiles will find a more attractive offer at one of your competitors. Predict which profiles are positively contributing to the profitability of your portfolio and filter those that are negatively contributing. Target premium adjustments to individual risk.
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.