Prudential Life Insurance Korea becomes one of the nation’s most profitable life insurers by automating underwriting.

Document created by Makenna.Brei Advocate on Oct 16, 2017
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Prudential is breathing life into insurance with analytics:

  • Automation of policy contracts from industry standard of 4%–5% to 40%–50%
  • Return on investment of 500% within first year of implementation of FICO® Model Builder
  • Reduction in underwriting costs by 70%, with medical exemption and testing costs slashed in half
  • Improved utilization of underwriters, with expertise now focused on complex policy contracts

 

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