Enhanced Life Insurance Underwriting Model Example

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You may be an insurance company thinking about innovation and improvement of existing risk assessment approaches. By analyzing data on your clients’ historical mortality experience and using predictive analytics we can suggest steps to make your underwriting more accurate, simple and less costly. For instance, a robust model may be developed to predict the price class without using some important medical tests and records. As a result, significant savings on acquisition of medical information and important enhancements of client experience can be achieved.