Driving Innovation


Rubiscape's Impact in the

Insurance Industry

Solutions build with Rubiscape

Implement Rubiscape’s AI-enabled Solutions! Geared for the future!



Personalized Premiums: Predict Cost & Health

AI estimates future healthcare needs, enabling fair and sustainable insurance for all.

Goal

  • To predict the cost of the insurance premium.
  • To assess the risk associated with insuring a particular individual or group.
  • To inform pricing strategies by accurately estimating the premium costs based on various factors.

Technique

  • Statistical Analysis, Linear, Ridge and Lasso Regression, Ensemble regression techniques, Vizualisation.

Impact

  • Premium Pricing Optimization
  • Customer Acquisition and Retention
  • Risk Management

Level Up Sales: With Upselling & Cross-Selling

Offer tailored solutions, boost revenue, and delight customers with strategic upselling and cross-selling.

Goal

  • To improve up-sell and cross-sell processes in the insurance industry .
  • To increase the breadth of coverage within a single category of insurance products.
  • To offer different types of insurance coverage to meet different customer needs.

Technique

  • Statistical Analysis, Sampling Techniques, Classification Algorithms, Visualization.

Impact

  • Increase sales and revenue through precise predictions and focused communication.
  • Boosting conversions for the Vehicle Insurance product line and driving business growth.

Unveiling Loyalty: Predict Customer Lifespan

AI models pinpoint high-value customers, driving targeted engagement and long-term growth.

Goal

  • To identify high, medium, and low-value customer segments.
  • To provide personalized offers and experiences to customers.
  • To allocate resources efficiently to businesses for targeting customers with the highest CLV potential and predict customer churn.

Technique

  • Feature Engineering, Segmentation Techniques, RFM Analysis, Clustering and classification modeling, Visualization.

Impact

  • Guided resource allocation, marketing strategies, and customer service efforts.
  • Offering cross-selling and upselling opportunities to customers with CLV potential.
  • CLV helps businesses identify risks associated with over-reliance that encourages diversification and risk management strategies.

Personalized Premiums: Predict Cost & Health

AI estimates future healthcare needs, enabling fair and sustainable insurance for all.

Goal

  • To predict the cost of the insurance premium.
  • To assess the risk associated with insuring a particular individual or group.
  • To inform pricing strategies by accurately estimating the premium costs based on various factors.

Technique

  • Statistical Analysis, Linear, Ridge and Lasso Regression, Ensemble regression techniques, Vizualisation.

Impact

  • Premium Pricing Optimization
  • Customer Acquisition and Retention
  • Risk Management
 

Do even more with Rubiscape

AI-driven organisations around the world use Rubiscape to solve their most pressing business problems.



Insurance

Drag, Drop, Discover:
Insights Made Simple.

Dive deep into your data, create stunning visuals, and gain actionable insights with ease.

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Insurance

Build, Deploy, Manage:
Streamline AI Workflow.

Build robust, Scalable ML/DL models with ease , automated workflows & data empowerment.

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Insurance

Wrangle, Blend, Analyze:
Data Orchestration Refined.

Develop data fabric and flow designs with low-code, pro-code and self service platform.

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Insurance

Manage, Evaluate, Automate:
Edge Analytics Seamless.

Handle data or device management with integrated ML models and M To M application.

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