Reduce risk and fraud and increase customer engagement
Insurance companies have the opportunity to revolutionize marketing, underwriting, and claims processes with data science. Better-informed decision making, automation, and scoring can empower insurance providers to accurately assess risk, price policies optimally, prevent fraud, and keep customer satisfied and loyal. This may seem harder than ever to accomplish, with so many uncertainties in the world and so much competition in the industry. But data science helps providers keep their business ahead of these challenges.
Save accounts before cancellation
Predict account cancellation and churn, and prevent it from happening – especially in the early days before a policy has become profitable.
Understand the value of your customers
Analyze long-term policy potential and behavior to understand the value of each customer and ensure each is treated commensurate with that potential.
Lightning Fast Data Science
RapidMiner is a software platform for data science teams that unites data prep, machine learning, and predictive model deployment. Organizations can build machine learning models and put them into production faster than ever before on a single platform.