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Insurance

Insurance

Using advanced analytics and decision management in the cloud to empower decision makers throughout the organization.

Overview

The insurance industry has long been a leader in the use of analytic models for pricing. Now, with new and more complex data available there are an increasing number of scenarios where analytics are making a big impact. FICO provides a platform for Insurance that uses advanced analytics to manage risk, prevent fraud, improve debt collections and increase your profitability while delivering a great customer experience. This includes areas such as:

  • Underwriting decisioning
  • Prevention of application and claims fraud
  • Increased automation and personalization on digital channels
  • Rapid application development
  • Optimization with advanced algorithms
  • Simulation and testing of pricing models
  • Decision and model governance and monitoring
  • Rapid deployment of SAS, R, Emblem and other analytic models
  • Using a highly segmented approach for collections and recovery

For insurance companies who deal with cyber-insurance, FICO delivers a research-proven approach to independently score 3rd party organizations based on their risk of data breach – this involves scanning the entire internet on a weekly basis and process an enormous data set using machine learning to create advanced predictive models. This same enterprise security score can be used to ensure you have accurate insight into your own company’s ability to keep sensitive data secure.

Decision Modeler | August 4-7, 2020
August 4, 2020

Decision Modeler | August 4-7, 2020

This course is aimed at developers and rule writers.  The course covers rule authoring using both interactive builder and advanced builder where participants will learn how to write using Structured Rule Language (SRL); project testing and deployment.

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Decision Modeler | August 18-21, 2020
August 18, 2020

Decision Modeler | August 18-21, 2020

This course is aimed at developers and rule writers.  The course covers rule authoring using both interactive builder and advanced builder where participants will learn how to write using Structured Rule Language (SRL); project testing and deployment.

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Canada: Addressing the Debt Cliff
August 19, 2020

Canada: Addressing the Debt Cliff

Time: 10am PST/ 12pm CST / 1 PM ET

The Government of Canada has taken significant actions to support Canadians and businesses facing hardship as a result of the COVID-19 outbreak including financial support, loans and access to credit for small and medium businesses. The government has provided long-term stable funding to banks and mortgage lenders for continued lending to Canadian consumers and businesses, increased eligibility for student grants and broadened financial assistance across multiple sectors.

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Improving Customer Experience Whilst Protecting Against Identity Fraud
September 8, 2020

Improving Customer Experience Whilst Protecting Against Identity Fraud

11 am UK BST | 12 Noon CEST
Customers are increasingly going digital. The pandemic is likely to accelerate this shift. So how can identity proofing and authentication protect your organisation and keep your customers happy and safe?

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Blaze Advisor Fundamentals for Java Developers | September 22-25, 2020
September 22, 2020

Blaze Advisor Fundamentals for Java Developers | September 22-25, 2020

This two-part course provides a foundation for developing a Blaze Advisor system-enabled application. Part 1 is for both Business Analysts and Developers who maintain rules in the RMA.  Part 2 is for Developers who need to understand the SRL generated by the RMA.  Students are introduced to rule authoring, Structured Rule Language (SRL), testing, RMA generation, lifecycle management in the RMA, and rule project deployment.

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Blaze Advisor Fundamentals for Java Developers | September 22-25, 2020
September 22, 2020

Blaze Advisor Fundamentals for Java Developers | September 22-25, 2020

This two-part course provides a foundation for developing a Blaze Advisor system-enabled application. Part 1 is for both Business Analysts and Developers who maintain rules in the RMA.  Part 2 is for Developers who need to understand the SRL generated by the RMA.  Students are introduced to rule authoring, Structured Rule Language (SRL), testing, RMA generation, lifecycle management in the RMA, and rule project deployment.

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Decision Modeler | October 20-23, 2020
October 20, 2020

Decision Modeler | October 20-23, 2020

This course is aimed at developers and rule writers.  The course covers rule authoring using both interactive builder and advanced builder where participants will learn how to write using Structured Rule Language (SRL); project testing and deployment.

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FICO Xpress Fundamentals with Xpress Insight | October 20-23, 2020
October 20, 2020

FICO Xpress Fundamentals with Xpress Insight | October 20-23, 2020

This course familiarizes attendees with optimization models and techniques, and the terminology used to describe them. Participants gain an understanding of the Xpress suite, the Mosel modeling and programming language, and Xpress Workbench. Through a series of projects illustrating applications of the LP and MIP methods, students learn to implement optimization models using Xpress Optimization Suite.

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Decision Modeler | October 27-30, 2020
October 27, 2020

Decision Modeler | October 27-30, 2020

This course is aimed at developers and rule writers.  The course covers rule authoring using both interactive builder and advanced builder where participants will learn how to write using Structured Rule Language (SRL); project testing and deployment.

Join Us
Blaze Advisor Fundamentals for Java Developers | November 17-20, 2020
November 17, 2020

Blaze Advisor Fundamentals for Java Developers | November 17-20, 2020

This two-part course provides a foundation for developing a Blaze Advisor system-enabled application. Part 1 is for both Business Analysts and Developers who maintain rules in the RMA.  Part 2 is for Developers who need to understand the SRL generated by the RMA.  Students are introduced to rule authoring, Structured Rule Language (SRL), testing, RMA generation, lifecycle management in the RMA, and rule project deployment.

Join Us
Decision Modeler | December 1-4, 2020
December 1, 2020

Decision Modeler | December 1-4, 2020

This course is aimed at developers and rule writers.  The course covers rule authoring using both interactive builder and advanced builder where participants will learn how to write using Structured Rule Language (SRL); project testing and deployment.

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Decision Modeler | December 15-18, 2020
December 15, 2020

Decision Modeler | December 15-18, 2020

This course is aimed at developers and rule writers.  The course covers rule authoring using both interactive builder and advanced builder where participants will learn how to write using Structured Rule Language (SRL); project testing and deployment.

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GEHA

GEHA

GEHA catches fraud before payout while improving case targeting twelve-fold.

Case Study