A leading European auto insurer used Shift Technology’s Underwriting risk detection to reduce premium leakage risk and improve customer experience.
The head of innovation at one of Shift’s European P&C clients recently began a review across their business to identify applications for Shift’s AI decisioning capabilities. In order to address the challenges of premium leakage and inefficient investigations, the insurer ran a proof of concept with Shift’s Underwriting Risk Detection. In just 3 months, Shift data scientists optimized AI detection models for underwriting risk, enhancing the insurer’s guidelines and workflows. The results, $1M in addressable premium leakage detected, led to a full implementation on both auto and home policies.
Read the full story here on how a leading European auto Insurer Stops Premium Leakage with Shift’s AI.