AI in Insurance

Market selection, underwriting, pricing, and claims management are optimized with LogicPlum. Using our platform, insurers can increase speed to market, accurate pricing, and reduce loss ratios.

Risk Selection

  • Identify profitable prospects
  • Speedup conversions
  • Better quote accuracy
  • Reduce churn and increase renewals
  • Be compliant with “best practices”

Pricing and Reserving

  • Deploy pricing models without reprogramming
  • Enhance accuracy of loss costs
  • Develop rates at lightining speed
  • Develop losses individually for each claim
  • Build reserves accurately from the “bottom up”

Optimized Claims Management

  • Segment claims for straight-through or manual processing
  • Flag potentially fraudulent claims
  • Pinpoint subrogation opportunities
  • Predict claim severities and large loss potentials
  • Better adjuster performance with outcome-based assignments
LogicPlum - AI Innovation Platform

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