BRINGING THE POWER OF ANALYTICS TO YOUR AGENCY'S DATA
Our analytics dashboards will give your insurance agency every
last drop of insight from within your data — and beyond.
Soteris creates data analytics products for insurance agencies.
We are working hard to build tools to make insurance agencies more
efficient from top to bottom and would love to stay in touch with updates.
In this case study, we worked with an MGA that writes non-standard auto insurance.
We fed our AI system a set of actual insurance policy and claims data, then asked
it to 'score' every submission the MGA receives, live and in real-time, returning
responses on each policy in under one second each. This algorithm has been running
live for over two years now and has scored over 10,000 policies in that time. Each
policy's score represents our system's estimate of the expected profitability that
policy would achieve, on a policy-by-policy basis. We then sorted those policies
top-to-bottom based solely on the assigned score and split those policies into ten
equal-sized buckets, best scores to worst. We then calculated the actual, eventual
loss ratio for each bucket. The graph below displays the result -- the Soteris scoring
system demonstrates a clear ability to predict which policies are likely to lead
claims, and which ones are not.
Our software has raised this customer's policy profitability **over 250%**.
« Best Scores
Worst Scores »
The Power of AI
The Power of AI in Insurance
Over time, we plan to revolutionize how insurance agencies operate with our AI-driven analytics.
Our dashboards give you 24/7 access to analytics on the health of your business, always updated in real-time.
Our AI detects cross-sell and upsell opportunities to help you round out your accounts.
3rd-party data enhancements on leads and submissions keeps you informed on both your customers and your prospects.
Market benchmarking gives you insight on exposures, rates, limits, deductibles, and coverages far beyond what's in your own data.
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Senior VP of Engineering, LinkedIn
Co-founder & CEO, Vouch Insurance
Chairman, Core Assurance Partners
Senior VP of Technology, Pinterest
Creator of Pandas
D. Scott Phoenix
Co-founder & CEO, Vicarious
Co-founder & CEO, Sun Microsystems
Creator of Gmail
Roger Egan, Sr.
Former President, Marsh & McLennan Companies
Global Head of Employee Experience, AirBnb
Former CTO, Paypal
Co-founder & Chief Operating Officer, Okta
Want to Connect?
Want to connect?
Whether you are interested in seeing a demo of our technology, partnering for a proof-of-concept, or just learning more about Soteris, we would love to talk.