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Regarding product comparaison it is possible to build a computable model of your policy and the major competitor, and from there automatically benchmark them to
by pierre 5y ago
Regarding product comparaison it is possible to build a computable model of your policy and the major competitor, and from there automatically benchmark them to find key difference in coverage (what is the maximum delta) or running them through a set predefined claim scenario. It will however require ~3-5 day of work per policy to build the models. Beyond the marketing effort this models can also be reused for risk management / claim management / leakage prevention if implemented right.
- deleted 5y ago[deleted]
- deleted 5y ago[deleted]
- mjamilkowski 5y agoYes it would be possible - and I know of a couple of benefits consultants that have tried to do this, but bias and independence is a vexing issue. Keep the ideas coming!