P&C Insurance
Claim Payment Automation Modeling
Use DataRobot to predict which claims should be auto-paid based on claim characteristics at the time of filing.
Problem / Pain
Many insurance claims require manual inspection to assess the damage, leading to a long wait for pay out. This can cause claim amounts to spike out of control as well as result in a significant drop in customer satisfaction and potential decrease in retention rates.
Solution
Determine which claims need to be manually inspected using DataRobot to automatically build extremely accurate predictive models. By autopaying claims when manual inspection provides little or no value, you can close claims more quickly--driving costs down and increasing customer satisfaction.
Why DataRobot
Click a button and build the most accurate model to predict whether manual claim inspection will lead to savings.
What people say
" What DataRobot was able to accomplish in the first hour was more thorough and accurate than models we had built over the prior month. "