DataRobot can inspect hundreds of medical variables in a few clicks, automatically identifying simple and powerful rules to segment potentially high-risk patients—those who need further medical assessment.
Life insurance companies typically do not underwrite customers who have suffered and survived from serious diseases like cancer. Doing so would require a long and expensive medical assessment process.
With DataRobot, a life reinsurer can use medical history and conditions to accurately predict the risk of underwriting a serious disease survivor. The insurer can identify which customers have good health prospects and directly underwrite them without further medical assessment, leading to more customers and reduced medical costs.