Insurance
Building a customer-centric, data-driven insurance firm.
Overview
Insurance
The insurance industry has long been a leader in the use of analytic models for a wide range of strategic business and decisioning operations. Today, with the need for decision turnaround driven by mobile customer demand, data-driven insurance firms need even more accurate customer decisions faster than ever before. FICO provides a platform for insurance firms that uses advanced analytics to optimize decisioning, manage risk, prevent fraud, improve debt collections, and increase profitability while delivering a great customer experience.
Features
FICO helps insurance firms make their operations smarter, faster, and more profitable in the following areas:
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Centralized Decisioning (underwriting, claims, fraud prevention, pricing, agency/broker management, and policy offers and management)
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Prevention of application and claims fraud
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Increased automation and personalization on digital channels
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Rapid application development
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Optimization with advanced algorithms
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Simulation and testing of pricing models
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Decision and model governance and monitoring
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Rapid deployment of SAS, R, Emblem and other analytic models
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Taking a highly segmented approach for collections and recovery
Related resources
Gain fresh ideas and new strategies for making better business decisions with in-depth thought leadership, solution insights, and customer success stories.
White Paper
Digital Insurance Special Report: Hastening the Speed of Change
Solution Sheet
FICO® Insurance Solutions
Executive Brief
FICO® Platform for Insurance Underwriting
Case Study
Mercury Insurance
Contact Us
Connect with FICO for answers to all your product and solution questions. We look forward to hearing from you.