Insurance
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the problem
Traditional actuarial methods are quickly losing relevance as new AI/ML models enable personalization and dynamic pricing. But next generation modeling is only as good as its input data. Usage-based insurance like telemetrics provide rich new data sources for this new style of underwriting, but only apply to a few use cases like automotive insurance.
the solution
Cygnt allows insurers to unlock a completely new data stream to improve their underwriting - their customer’s financial behavior. Use when, where, what, and how a customer is spending to better understand their overall behavior. Do they regularly service their car and refill a tank? Are they on vacation and in need to trip insurance? Differentiate and personalize your products with Cygnt.
key benefits
- Secure: Provide consumers best-in-class data security, while avoiding relationships with known bad actors.
- Signals only: Receive only the signals you need, and avoid the headache associated with handling personal and private information.
- Real-time: Uncover and respond to bad behaviors as they emerge.
- Fair: Evaluate consumers consistently by their financial integrity.
- Easy: Simple to implement and maintain with your existing tech stack.
