Client: A national carrier looking to avoid highly unprofitable Business Owner Policies
Requirements for the solution
- Use only the information that would be available at the time of application
- Incorporate third party data to augment available information
- Deliver real-time results
- Integrate into carrier’s underwriting platform
Business challenge
A national carrier wanted to predict the “worst of the worst” Business Owner’s Policies at the time of application, to price them appropriately or avoid issuing a quote.
