RESOURCES / SOLUTION SPOTLIGHT
ALACRITOUSTM : INSURANCE MODELER
AlacritousTM Lapsation predictor is a proprietary solution developed by LatentView based on its domain expertise in the Insurance industry and strong learning experience from solving wide range of insurance problems for top insurers.It has the following objectives:
The product applies best practices based upon LatentView’s experience in modeling lapsation problem for it's various clients. It can produce models customized for the client in a very short span of time thus helping the business managers quickly derive actionable insights based on the predicted scores. It also has the ability to generate policy profiles along multiple dimensions which helps in understanding the business portfolio.Various functionalities of the ALACRITOUSTM predictor are illustrated below:
Benefits of using AlacritousTM :
ALACRITOUSTM : INSURANCE MODELER
AlacritousTM Lapsation predictor is a proprietary solution developed by LatentView based on its domain expertise in the Insurance industry and strong learning experience from solving wide range of insurance problems for top insurers.It has the following objectives:
For existing customers, predict the propensity of a policy to lapse in a renewal
For new customers, predict the propensity of a policy to lapse in a given renewal.For e.g, first renewal lapsation or second renewal lapsation,etc based upon the business needs
The product applies best practices based upon LatentView’s experience in modeling lapsation problem for it's various clients. It can produce models customized for the client in a very short span of time thus helping the business managers quickly derive actionable insights based on the predicted scores. It also has the ability to generate policy profiles along multiple dimensions which helps in understanding the business portfolio.Various functionalities of the ALACRITOUSTM predictor are illustrated below:
Benefits of using AlacritousTM :
ALACRITOUSTM offers a wide range of flexibilities for the users to modify/specify the input parameters based on business requirements. A few flexibilities includes policy exclusions based on user defined criteria,definition of lapsation, identification of segmentation for developing individual models, model parameters.
Customized Solution provides better lifts than OTS solution
Reduced time to market, lowered TCO without compromising on quality
Responsive to Business needs and constraints
Encapsulates Industry Knowledge and hence robust solution design
