Underwriting based on machine learning
Utilizes machine learning algorithms to assess risk and determine insurance premium rates.
Implemented functionality:
- Integration with data sources such as CRM, analytics systems, social networks, and others to collect customer data.
- Use of machine learning methods, including clustering, classification, and recommendation systems for data analysis and customer profiling.
- Development of models to forecast customer behavior, such as the likelihood of churn or making a purchase.
- Integration with marketing and sales systems for targeted advertising and offers.
- Integration with analytics systems to track effectiveness and optimize models.
- Use of data collection and analysis tools such as SQL, Python, R, and Tableau.
- Integration with A/B testing systems to optimize models and improve underwriting results.
- Implementation of mechanisms for automatic model optimization based on customer behavior data and underwriting results.
- Generation of reports and analytics to assess the effectiveness of the underwriting system and identify trends and patterns.
- Ability to update and modify the system based on changes in data and machine learning technologies.