Rapid Portfolio Diagnostic
In today’s Property & Casualty environment, true leaders stay competitive by using predictive modeling software for risk selection and pricing. And industry leaders agree there is no faster, more affordable predictive analytics than EagleEye’s Rapid Portfolio Diagnostic (RPD).
PORTFOLIO MANAGER
An example of how RPD uses EagleEye Score to reveal hidden adverse selection in new business, renewals and lapses over time. In less than 8 weeks from receipt of your data, RPD provides accurate, reliable results that give you the insights you need to plan and prioritize improvements in pricing, underwriting, sales, marketing and distribution.
Delivered by expert data consultants and experienced P&C actuaries, the diagnostic offering leverages modern machine learning technology to reveal previously hidden patterns in customer behavior.
Here are just a few of the ways EagleEye’s Rapid Portfolio Diagnostic gives you powerful insights to stay ahead:
- RPD uses your claims history, policy information and external data to create a scoring model that represents the best forward estimate in the industry of the loss ratio of your policies.
- RPD uses this model to analyze your portfolio’s quality of business over time, identifying hidden adverse selection, and revealing how new business, renewals and lapses affect profitability.
- RPD uncovers the quality of business flowing through your distribution channel, including a calculation of the Lifetime Value of individual agents, so you know who is helping grow your business and who is not.
- RPD identifies profitability and growth trends in different segments of your book, giving you the insights to plan improvements in retention, agent incentives, service levels and new business efforts.
DISTRIBUTION MANAGER
An example of how EagleEye uses your data to track the quality and performance of individual distribution outlets, i.e. agents, based on the underwriting score of each policy. Review our Distribution Manager Overview to learn more.EagleEye delivers this information over an 8-week process that includes benchmark reviews with your key business, actuarial, and technical staff. The customized model is built using cloud-based technology, so there is no waiting for internal IT resources to install new software. Your RPD custom model creates the foundation for the application of predictive analytics throughout your company, to give managers a common basis for real-time decision-making and to put the power of today’s most advanced technology to work on a day-to-day basis.
To learn more about EagleEye’s Rapid Portfolio Diagnostic, review our Rapid Portfolio Diagnostic Overview and contact info@eeanalytics.com.