Property & Casualty

Overview

Helping property and casualty insurers to drive business results and customer satisfaction throughout the entire lifecycle.

In a competitive insurance market, it’s more important than ever for insurers to make profitable decisions while maintaining the highest levels of customer satisfaction.

FICO’s insurance analytics tools help property and casualty insurers to drive business results and customer satisfaction throughout the entire lifecycle: customer acquisition, originations, underwriting, renewals, claims review and ongoing marketing.

Leveraging FICO’s decades of experience,  insurers can use FICO analytic solutions and customer communications solutions can help maximize profitability, and reduce fraud, waste and abuse, while optimizing the customer experience.

Solution Architecture

FICO® Claims Fraud Solution

A powerful instrument to detect and prioritize fraud incidents

FICO® Claims Fraud Solution detects and prioritizes fraud incidents, so that most clients experience payback in a matter of months, not years. Built on FICO’s groundbreaking fraud analytics, the solution provides a completely integrated environment of continuous learning and sharpening that has proven effective in detecting and stopping fraud for real bottom line impact.With an easy-to-use business interface, carriers can input known fraud rules to stop fraud schemes early.Insurers can integrate the solution within their own case management system, or use FICO’s system for case identification, prioritization and workflow.

Customers

Solutions

FICO® Decision Management Suite

Product overview

The FICO® Decision Management Suite 2.0 provides an easy way for customers to evaluate, customize, deploy and scale state-of-the-art analytics and decision management solutions. It allows customers to quickly integrate FICO and FICO partner decision management tools and components with their own components, helping organizations of all sizes realize the promise of advanced analytics and decision management via cost effective, scalable cloud and on-premises solutions.

FICO® Identity Resolution Engine

FICO® Insurance Scores

FICO® Safe Driving Score

Product overview

The FICO® Decision Management Suite 2.0 provides an easy way for customers to evaluate, customize, deploy and scale state-of-the-art analytics and decision management solutions. It allows customers to quickly integrate FICO and FICO partner decision management tools and components with their own components, helping organizations of all sizes realize the promise of advanced analytics and decision management via cost effective, scalable cloud and on-premises solutions.

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Leveraging business rules and analytics as a formula for growth

Going beyond the expected is more than just a motto for Pekin Insurance.  With combined assets of $2 billion, more than 700 employees, 1,200 agencies and 7,500 independent agents, Pekin has delivered personal, commercial and health insurance to clients for 90 years.  Through it all, they've focused on providing superior service at fair prices.

According to James Ruth, "FICO solutions allowed us to implement point of sale underwriting, somethign we couldn't have achieved without FICO Blaze Advisor.  Also, working with FICO has provided us with predictive analytics that we would never have been able to develop on our own."  Learn more about the partnership between Pekin and FICO.