Turn historic losses into competitive advantage…
Discover meaningful relationships between historic submissions and Loss Ratio outcomes to inform future risk selection.
✅ Prioritize profitable submissions.
✅ Capture and quantify overlooked risk signals.
✅ Strengthen risk-selection with data-driven insights.
Submission Packs: Fully Utilized
🚨Specialty insurers receive valuable unstructured data in submission packs that goes largely unused in informing risk selection and triage.
🛠️ Fluence helps underwriters leverage historic policy performance to discover patterns of qualitative risk they were previously blind to.
✅ Improve submission evaluation
✅ Quantify qualitative risk signals
✅ Identify profitability drivers
✅ Enhance risk selection
✅ Monitor misrepresentation of risks
✅ Discover overlooked patterns of risk
Game-changing impact on profitability
Challenge:
An insurer seeking to expand business balancing growth with profitability through optimal capital deployment.
Approach:
Seeking to better understand relationships between historic submissions and how the information correlated to historic losses. Training the Fluence Engine to discover patterns linked to better or worse outcomes.
Result:
- Reduced exposure to 74% of loss-making business.
- Retained over 90% of profitable business.
Opportunity-Appropriate Pathways
Knowing up-front the key drivers of profitability enables underwriters to get much smarter about how to process new business.
The Discovery Process
Investigate
Learn from historic policy submissions.
Reveal actionable insights.
Adapt strategy.
Validate approach.
Implement
Implement submission review
Embed into process.
Develop new pathways.
Modify strategy.
Scale
Integrate into process.
New Lines of Business.
Enhanced pathways.
Automation.