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Product: |
Insurance Models |
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Company: |
FICO |
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Type: |
Software |
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Description: |
Fair Isaac Custom Insurance Models predict new and renewal underwriting risk for Personal Lines insurance by rank-ordering performance according to performance measures such as loss ratio, loss cost, loss frequency and profitability.Insurers can choose from Expert models built on pooled data, and Custom Empirical models built on company-specific data. Improved decision capabilities allow for increased profitability by:- Reducing loss cost and expenses
- Automating optimal decisions
- Increasing retention
- Enhancing rate plans
- Improved resource management
- Expanding into new states
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View All Company's Documents
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Related Products: |
Analytic Applications Software | Data Modeling | Insurance Industry |
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