P&C Insurance
Click a button and build the most accurate model to predict whether manual claim inspection will lead to savings.
- Determine which claims to manually inspect and which to autopay
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Increase customer satisfaction (and retention) by auto-paying claims that are unlikely to change after manual inspection
- Optimize the number of needed claims adjusters
Challenge
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.
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