The insurance industry is rapidly changing. Connected homes, cars, and a variety of other devices have created an explosion of data. Small insurtech firms are leveraging AI/ML to exploit changing consumer preferences. As a result, insurers are faced with increasing demands for AI/ML to drive new product offerings and operational enhancements, while still adhering to regulatory requirements.
Domino’s Enterprise MLOps platform helps data scientists, analysts and actuaries at the world’s largest insurers:
- Increase operational efficiencies to reduce cost and improve customer experiences.
- Develop new products to adapt to changing consumer preferences such as recommendation engines and usage-based insurance products.
- Personalize customer interactions and offers to build better relationships and drive profitability
- Identify, test, and manage risk across the entire portfolio including underwriting, pricing, fraud/cyber detection and prevention, collections, and regulatory compliance.