Property & Casualty Insurance

Property & Casualty (P&C) insurers that can more precisely predict claims risk will gain a critical competitive edge.

But challenges abound:  few effective new data sources have been added to the P&C marketing and underwriting process in years.  Plus, given the increased consumer and regulatory pressure to discontinue the use of credit scores as part of the auto insurance underwriting process, it’s the right time to consider alternatives.

Optimize Your Marketing and Underwriting Decisions

IXI offers new metrics for P&C insurers to help them optimize marketing and underwriting decisions.  IXI’s solutions help insurers assess P&C claims risk by evaluating the relationship between consumer spending capacity, financial behaviors, and other variables.

IXI’s unique solutions are proven: recent analysis by a leading P&C insurer showed a significant correlation between consumers with specific financial behaviors and the likelihood to file high dollar claims.

IXI’s Solutions Enable P&C Marketers and Risk/Pricing Executives to Improve Marketing and Better Evaluate Risk

IXI’s solutions enable P&C firms to:

Improve Precision Targeting:

• Identify customer segments that are likely to become costly policyholders based on the relationship between a consumer’s financial behavior and insurance claims history
• Enhance acquisition/marketing models and tailor marketing offers based on risk
• Focus retention efforts based on risk

Enhance Existing Pricing and Risk Models:

• Enhance risk assessment models by examining the likelihood to file significant claims
• Improve portfolio management and LTV calculations
• Adjust premiums for new and existing policyholders based on forecasted cost to firm

To learn more about how IXI can help your firm manage your P&C portfolio, manage risk, and increase profitability per policy, please contact us.