Fair, Isaac and Company, Inc. a global provider of customer analytics and decision technology, announced that Mutual of Enumclaw Insurance Company, a Seattle-area based insurer with operations in Washington, Oregon and Idaho, has purchased Fair, Isaac Decision System ™ software and custom scorecards to help it achieve more consistency in their personal lines underwriting decisions, faster decision making and better control over loss ratios.
Eric Nelson, Vice President of Underwriting at Mutual of Enumclaw, said the company chose Fair, Isaac for this initiative because of their reputation for delivering solutions to the insurance industry that enhance a company’s business performance, adding it provides a tool to create more efficiency and consistency in our underwriting process.
Released in early 2001, Fair, Isaac Decision System is an authoring tool that provides insurers with power and flexibility to define and execute business rules and analytically driven strategies across the enterprise, including all product lines and channels. Business users can configure rules, segmentation or strategy trees, decision variables and scoring to create decision engines tailored to specific business applications.
Today, the company offers risk and marketing solutions to more than 350 insurers, including 80 percent of the top U.S. personal lines insurers.
Was this article valuable?
Here are more articles you may enjoy.
Marsh McLennan Agency to Buy Fisher Brown Bottrell for About $316M 
4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says 
FBI Says Chinese Hackers Preparing to Attack US Infrastructure 
Dubai Floods Expose Weaknesses to a Rapidly Changing Climate 
