Innovative solutions to help insurers deliver profitability and growth
Winning pricing, claims and underwriting strategies require both intelligence and insight.
Radar allows you to use data in tandem with the latest analytical machine learning approaches to improve pricing, claims and underwriting performance. Radar reduces the time it takes to make underwriting and pricing decisions and allows you to deploy them to the market in minutes, keeping you ahead of the competition. It is trusted, proven and secure, providing an end-to-end, auditable solution you can rely on.
Radar adds value throughout the insurance value chain and across a range of business lines including in personal, commercial, life, and accident and health insurance.
Radar helps you:
01. Analyse
Realise the power of your data
Powerful, accessible and well-governed predictive modelling and machine learning software focused on insurance industry needs.
Understand how risk factors, operational decisions, distribution and customer characteristics affect your business: key for distribution, pricing, underwriting and claims management.
Emblem helps insurers improve profitability through pricing that’s based on a thorough understanding of risk. Learn more keyboard_arrow_right
Classifier allows insurers to improve loss ratios by categorising and assessing risk by geography. Learn more keyboard_arrow_right
02. Decide
Use analysis to decide your direction
Interpret results of predictive models and emerging experience, and then act on that insight to derive pricing and underwriting rules and portfolio management actions using accessible and flexible scenario testing, management information and decision support.
Radar Base provides powerful management information to support business plans and summarise results of risk modelling and competitor analysis. Learn more keyboard_arrow_right
Radar Optimiser gives sophisticated price optimisation capabilities in markets where regulation allows. Learn more keyboard_arrow_right
Radar Dashboard provides easy organisation-wide access to the interactive reports built in Radar Base. Learn more keyboard_arrow_right
03. Deploy
Deliver insights and quotations without constraint
Make fast, flexible and agile decisions and execute models in real time for policy administration systems, claims solutions and underwriting personnel.
Deploy pricing algorithms and other rules developed in Radar and Emblem; surface your pricing, analytics and rules-based models, providing contextual data insights in support of complex decision making. Use interactive portfolio management to identify performance trends, scenario testing and complex portfolio steering.
Radar Live enables prices and rules to be deployed directly to a rating system and calculated in real time. Learn more keyboard_arrow_right
Radar Workbench is an analytical platform that helps underwriting professionals make and implement confident decisions at pace. Learn more keyboard_arrow_right
Download
| Title | File Type | File Size |
|---|---|---|
| Radar - Pricing Reinvented | .9 MB |
