Use Cases
Using Propensity Models to Increase Persistency and Reduce Lapse of Insurance Rates

Increase Persistency and Reduce Lapse in Insurance

Insurance companies struggle with low net-new growth in mature economies. Using Knowledge Studio, insurance companies can create stronger, more comprehensive customer relationship strategies that make it easier for their customers to do business with with them.  Reducing lapse and increasing new product sales can be realized using propensity models built understand consumer behavior.