Modelshop - Insurance Underwriting

Insurance Underwriting Models

Design, optimize and deploy insurance underwriting models that leverage new data sources and can be deployed as real-time services - without code.

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Insurance underwriting is entering a new era, are you ready?

Insurance companies have always relied on actuarial data analytics to optimize value for their customers and shareholders, but new sources of behavioral data and competition from non-traditional players have created a more competitive marketplace. Modelshop allows insurers to quickly create new decision models that leverage new data and render optimized real-time decisions directly to their customer touch-points.

Data Agility for Better Underwriting Industry Plugins

Insurance decisions are becoming more targeted and must leverage new data sources to remain competitive in today’s market. Modelshop provides unlimited flexibility to add new data, create new variables and deliver higher performing models.

  • Standard connectors for risk services
  • Easy creation of custom connectors
  • Integrate with existing underwriting platforms

Increase visibility and collaboration Evolve past the spreadsheet

Move calculations and analysis to your internal cloud, increasing cross-team collaboration and transparency.

  • Models created, tested and deployed online
  • Trace calculation dependencies
  • Full model audit trail and versioning

Test New Strategies with Confidence Optimize Policies for Assured Results

Modelshop provides an ability to back-test and run forward projections on your credit policy before you deploy it. Simulation, optimization and machine learning are built into the modeling process and do not require coding.

  • Effortless simulation and back-testing using historic data
  • Powerful portfolio simulation and optimization
  • Deploy champion-challenger models in parallel

Beat the competition to market One-click model deployment

The days of waiting weeks or months to deploy your underwriting models to production are over. Modelshop models are ready to be deployed as scalable, real-time services the moment they are built. Skipping the coding step can accelerate new insurance strategy deployment from months to hours.

  • Integrate models directly into your policy origination platform
  • Flexible APIs that can adapt to your existing tools
  • Unequaled performance with thousands of decisions a second

Explainable AI Has Arrived

Traditional actuarial tables sometimes aren't enough. Modelshop enables underwriters to enhance their current models with integrated machine learning tools that are fully transparent and that can be explained to regulators.

  • Powerful rules and scorecards
  • Auto-fit decision trees
  • Seamless machine learning integration
  • Integrated data lineage and back-testing

Prefer to see Modelshop in action with your data?

Create a trial account and start building your own models based on our insurance underwriting template today.

Create your own insurance model

See a real-time credit decision engine created with no code Watch Video