Insurance

Let US be your insurance growth partner in the age of AI.

Quickly transform into a data driven business.

Ease-of-use means no technical skills needed to build out models, and no investment in new infrastructure or resources.

Deliver the future, today.

Predictive Underwriting

Predictive Underwriting

Automate decisions based on personalized recommendations by processing underwriting data and insights in real-time, allowing underwriters to focus on value-added work.

KPI: Gross profit margin, time to decision, new business, loss ratio

Service & Billing

Service & Billing

Target good customers with renewals, automate insurance renewals, increase insurance retention and constantly monitor changes in exposure.

KPI: Revenue growth, expense ratio, loss ratio

Improve Pricing Adequacy

Improve Pricing Adequacy

Machine learning that aids in leveraging new risk insights for smarter pricing.

KPIs: New Business GWP, Submission, Volume

Policy Admin

Policy Admin

Capture new data and improve the overall data quality for raters and loss reserve models.

KPI: Gross profit margin, time to decision, loss ratio

Loss Models

Loss Models

Detect what causes losses and relay data in real time to improve underwriting and collection efficiency.

KPI: Underwriting accuracy, reduce fraud, losses incurred

End-to-end AI driven decisions that reduce risks in insurance

1. Harvest and enrich data from anywhere

Harvest data & extract relevant entities from PDF documents, operating systems, and alternative data to remove mistakes and fraud. Correlate internal and external sources and quickly detect anomalies that effect the profit & loss of your business.

2. Predict customer behavior

Run predictions on top of real time underwriting data and determine the value of the deal based on what is going to happen. Automate decisions based on simulations that can occur in the future on the customer.

3. Smartly monitor and manage policies and the portfolio

Automatically monitor and detect anomalies in all your existing customers’ policies and quickly detect any changes and new risks during the renewal process. Monitor the health of your portfolio in real time by automating ongoing exposure analysis and identifying risk events and growth opportunities.

What will change with scorelate

Losses caused by human error, fraud, inaccurate underwriting:

29-32%

Number of employees needed to underwrite and collect:

25%

Increase in gross profit per loan through more accurate underwriting & collection:

4%

Hours saved per worker per week on manual labor:

8 hours

Year over year profit growth:

250%