Case Study: Large Property and Casualty Insurance Company improves policy pricing and profitability with CognitiveScale Intelligent Policy Adjustment

Large Property and Casualty Insurance Company - Customer Case Study

Large Property and Casualty Insurance Company turned to CognitiveScale to improve pricing accuracy and profitability across multiple product lines. The insurer needed a better way to calibrate policy premiums to underwriting risk, since traditional pricing often struggled to incorporate new information quickly enough, leading to lower margins and less competitive offers.

CognitiveScale implemented its AI-powered Intelligent Policy Adjustment solution to continuously monitor in-force policies and recommend pricing and underwriting adjustments using weather, vehicle recall and performance, consumer life events, and behavior data. The system provided evidence-based rationale for underwriters, helping the insurer achieve higher profit margins on policies that better reflected risk and more competitive pricing where risk had declined.