USECASE/DOMAIN: Identify customer risk profiles for better pricing of the insurance products.
FIBS MODEL: We processed existing customer datasets to learn the patterns of the people. Based on the learning, our tree based model continuously identifies profiles of the customers from High Risk to Low Risk.
We can segment customers using their demographic and behavior data for:
- Identifying new customer risk assessment
- Credit limit enhancement
- Targeted marketing and promotion
- Increased retention
Unlike traditional models, AI learns continuously. This ensures the model becomes more accurate as new data is fed and does not become obsolete.