Overview…
The new partnership sees the insurance giant utilising MLP’s latest model, Propensity to Claim, to improve its loss claims ratios.
Founded in 2018, MLP, who are part of Open GI, offer machine learning and artificial intelligence services to the UK general insurance and financial markets.
The Results…
The model which utilises machine learning insights on risk selection, has initially improved Adrian Flux’s loss ratio by 4% and generated £1 million plus in cost savings on claims.
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