Challenge: With high growth and an average of three years to adequately train underwriters, Prudential needed to automate policy underwriting in a straightforward manner, implement analytics, and expand its use of data to make more sophisticated actuarial calculations. Solution: FICO® Blaze Advisor® decision rule management system and FICO® Model Builder Results: Automation of the evaluation and underwriting of up to 50% of policies; reduction in the loss ratio and cutting of operational costs by up to 70% by increasing the evaluation of data variables from 5 to 30, achieving a return on investment of 500% after the first year of using FICO® Model Builder; thus creating a highly motivated work culture that has attracted the top talent in the country.
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