Pricing

EagleEye Analytics customers have taken the following pricing actions, either by using segmentation results or insurance scores, to minimize adverse selection and maximize rate adequacy:

  • Improved rate adequacy by
    • Identifying weaknesses in an existing rate plan
    • Adding relativities on top of an existing rate plan
    • Constructing a new rate plan
  • Derived an insurance score that has better predictive strength than the credit score
  • Implemented rules for application of scheduled debits and credits
  • Used customer segmentation results to know where to compete on price in the soft market