Use Cases

Underwriting Assistance with AI

uc challenge iconGreyChallenges

Underwriting customers who have survived illnesses, such as cancer, require a costly medical assessment. Thus, most life insurance firms prefer to avoid the process.

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With LogicPlum, a life insurance company can quickly identify customers with low-risk conditions by using medical records and other factors. With this information, the insurer can underwrite them without costly medical examinations, resulting in lower costs and increased customer base.

uc team iconGreyWhy LogicPlum

LogicPlum can classify customers according to risk levels by automatically analyzing significant amounts of data, detecting those with potential high-risk conditions that may require a specific medical examination.

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