Facilitates better risk selection, leading to increased sales and profits
Irix – Risk Score accelerates the underwriting process, enabling insurers to make a quicker policy decision. Risk Score delivers a better customer experience and a more cost-effective underwriting process for the insurance company.
Results in accelerated underwriting for low-risk applicants
Enables more efficient allocation of underwriting resources for average and higher-risk policies
Insurers can tune the Risk Score to increase issued business while improving mortality
Applicants can receive faster decisions for a better customer experience
What is Irix – Risk Score?
Irix – Risk Score is a prescription-based predictive model that simplifies the decision-making process by quantifying the relative mortality risk of life insurance applicants. This fast and accurate tool executes within Irix, delivering an easy-to-interpret risk score for each applicant. The model’s predictive value has been independently confirmed by multiple reinsurers.
