By creating a personalized insurance profile for their clients, insurance companies can achieve significant results in attracting new and retaining old customers. Based on a policyholder’s historical and personal data, as well as statistics, algorithms can notice dependencies unclear to humans and the company can apply individual risk scoring for every client.
Benefits for the company
With increasing seller and soaring online purchases , there’s more competition than ever to provide an online experience that’s not only seamless but optimized and customized to the precise needs of each and every customer.
Type of expertise/ AI domain
Predictive Big Data Analytics, Machine Learning, A/B Testing
Internal data required
Customer Historical Data
External data possible