Underwriting
EagleEye Analytics customers have taken the following underwriting actions, either by using segmentation results or insurance scores, to more accurately accept, reject, and place risk:
- Refined underwriting guidelines and automated underwriting rules for new business and renewal based on predicted profitability
- Stopped writing new business in the least profitable customer segments
- Implemented straight-through processing for the profitable customer segments
- Eliminated third party underwriting information for the profitable customer segments
- Used results for determining tier placement
- Updated underwriting questionnaires