AI Rate Engine System
SFS Artificial Intelligence Rate Engine System is integrated, complete, SaaS Risk Assessment System including Machine Learning and Data Mining Technologies supporting all insurance line of business. This is not only a software system, but also a service that increases the profitability of the company and provides competitive market compliance.
Robust functions of SFS Artificial Intelligence Rate Engine System
- Artificial Intelligence Based
- Machine Learning System Using Big Data of Insurance
- Data Mining System Using Big Data of Insurance
- Automatic Tariff Management Using Machine Learning
- Precise Risk Analysis and Correct Risk Pricing
- Supports For The Best Market Oriented Product Design
- Supports For The Best Intelligent Renewal Operations
- Supports For The Best Cross Sales and Upsales Facility
- Supports For The Best State Through Process
Artificial Intelligence Rate Engine System Benefits
Micro and Macro Level Support
Risk assessment is being implemented by two methods: 'Micro Level Offering' is that while a new policy, renewal, endorsement, etc. approval, system is able to say why and whether the customer is profitable or not. 'Macro Level Offering' is that while defining pricing strategy of the company, system is able to report the information learned so that decision makers make more appropriate decisions
Supports Underwriting Excellence
Achieving underwriting profitability in this rapidly changing market requires enhanced risk analysis and an optimized workflow to focus on high-value responsibilities.
Conversion of the Big Data to the Information
With machine learning based artificial intelligence and data mining, you can have the information useful in the process of pricing.
Detection of Extraordinary Conditions
All possible conditions and attributes that result in profit/loss are being monitored. In this way, the company is much more competitive and profitable.