Cost Determination for Car Insurance();

Problem Solved

No Intelligence based Claim Issuance Process

Right Product to the right Customer

Traditional Parameters

Lack of Automation

Solution

Scalable solutions for Instant Cost Determination

Non-Traditional Parameters

End to End Automation

Benefits

Reduce Operational Cost through Faster Processing

Increase Top Line by Better Underwriting

Improve Customer Loyalty

Approach

Encoding the Categorial Variables

Identification of Non Traditional Parameters

Algorithm Used

  • Deep Learning Prediction Model
  • Random forest algorithm