Description
Develop enhanced or new insurance proposition based on monitoring actual behaviours
Technology & data
*** check categry and function
Key considerations
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Editor: sdg
Use CaseFinancial Services / Insurance
Develop enhanced or new insurance proposition based on monitoring actual behaviours
Develop enhanced or new insurance proposition based on monitoring actual behaviours (e.g. telematics, driving behaviour, health sensors). Whilst this has consumer risks it does offer lower potential pricing.
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Risk reduction
Risk reduction - Evaluate counter-party risk (eg credit scores)
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Revenue
Revenue - Pricing optimisation
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Revenue
Revenue - New product