Propensity to claim
by Open GI · Data and analytics · Worcestershire, United Kingdom
Machine learning risk scoring tool providing real-time assessment of claim likelihood before underwriting.
What Propensity to claim does
- Real-time machine learning scoring
- Claim likelihood prediction
- Risk selection before writing
- Load or decline options
- Loss ratio protection
What Propensity to claim is used for
- Price and select risk on evidence
- Reward desired risks
- Load or decline undesirable risks
- Protect loss ratio
- Make underwriting decisions with intelligence
Who Propensity to claim is for
- Insurers
- Brokers
About Open GI
Policy administration, online trading, pricing and data intelligence platform for brokers, MGAs and insurers.
Open GI in the vendor registry: its products, features and similar vendors.
Also by Open GI
- Policy administration system: Core platform to run the broking lifecycle including quote, bind, service and renew across personal and commercial lines.
- Quote & buy websites: Online trading platform enabling 24/7 sales under own brand with rapid deployment options.
- Customer portals: Digital self-serve platform allowing policyholders to manage their own policies online.
- Ratings: Product management and pricing tool enabling creation, testing, deployment and monitoring of products and schemes across channels.
- Optimal pricing: Real-time pricing intelligence tool showing market position and evidenced price bands.
- IHP+ Insurer Hosted Pricing: Real-time pricing solution connecting insurers to broker and MGA market with multi-channel distribution.
More in this category: Data and analytics platforms for financial services.
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