MAINS LAB
News & Blog
Contacts
AI - Underwriting
AI Service
Automated support system for underwriting medical contracts
Get in touch
We will call or write you back during the day and tell everything in detail
By clicking the "Submit" button, you agree with transferring and processing your personal data by Mains Laboratory and related companies to clarify the details of your request and maintain further prompt communication
Problem
Lack of underwritiers
Realities of medical Ins.
Long time to responce
Intransparrent tarrifs
Solution
AI solution to support underwriting decision in medical insurance
Топ-10 СК
Super-profitable clients
but super UNprofitable
3-4 FTE
5-10 days
UW vs. Sales
10-15%
5-10%
Results of AI-underwriting services
Moduls & Data
Section
Data
N
Item
1
Refined and enriched data
2
Data cleansing and enrichment engine
3
Data preprocessing engine
Modul
4
Engine for updating the base prices of medical facilities
5
Inflation forecast model (prices and marketability)
6
Trained ML models payment forecast
7
Analyzing the influence of features on the calculation
Integration
8
Additional training of models on new data
9
Integration of models into business systems
10
Analytical diary - description of all tested hypotheses and results
Improving calculation accuracy
х 1,5 - 2
times
Fair Net-rate
Human UW forecast
AI UW Forecast
Effect
What does a 1.5 times increase in accuracy give?
Less unprofitable
GPW
New business 2019, LR > 100%
?
500
Payments
600
Loss
100
factual
Effect
66
new model
33 mio.
More profitable
GPW
New business 2019, LR < 70%
500
Payments
325
Profit
175
factual
Effect
201
new model
26 mio.
60 mio. for 1 year
Reduction of errors by 1.5 times = reduction of payments by 33%
15% increase in the funnel of profitable customers due to more competitive price
Get even more details!
Have a look at our demo