P&C Insurance
Conversion Modeling
DataRobot helps predict, based on a quote’s rating characteristics and price, the likelihood that a prospect will buy.
With DataRobot you can build extremely accurate predictive models automatically, providing a level of confidence in the likelihood of a quote becoming a policy. With this information, you can optimize marketing, reaching out to those customers more likely to buy once they receive a quote. The models help to adjust pricing algorithms, ensuring that you don’t drive customers away. Finally, planning is key. Projecting the retention rate allows you to prepare for the future now and give accurate top-line growth projections to shareholders.
Click a button to build the most accurate model for predicting conversion rates, which helps to make appropriate marketing and pricing decisions. Further, get quick insights into what is driving whether or not customers buy your policy so that you can take meaningful action to increase conversion rates.
"What DataRobot was able to accomplish in the first hour was more thorough and accurate than models we had built over the prior month. "
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