NLB’s AI led Risk Scoring Model Helped a Leading P&C Insurance Company to Deliver 20% Faster Turn-Around Time on Deployments
Why Change was Necessary
A global P&C Insurance company was facing the following challenges:
Validating unique inputs and creation of real-time and batch scoring capabilities
Ensuring end to end integration of applications to manage the high volume windows
Ability to perform financial risk evaluation through resolving analytics issues with higher output quality
Experts at Work
NLB Services provided an Advanced Analytics System that helped address various SLA compliance issues.
Intuitive Scoring Model: Developed a comprehensive parameterized model with in-built validations with centralized compendium generating intuitive real-time and batch scoring capabilities
Standardized and End to End API based integrated model with back end and front-end application for accurate risk calculation
Containerized deployment of model APIs to provide the ability to scale on demand for real-time volume
Impact We Delivered
Faster Turnaround Time for the deployment
Faster analytics use case development.
improvement in median latency for model execution
Estimated Annual Savings