Big Data

SAS Helps FCCI Bring a Data-Driven Approach to Pricing Commercial Insurance

Date Added: Jun 2010
Format: PDF

FCCI Insurance Group writes commercial insurance in 14 US states. FCCI Insurance Group wanted to replace intuition and enhance general industry guidance with a data-driven approach to selecting and pricing accounts. To master these challenges FCCI Insurance Group chose SAS Institute. FCCI Insurance Group deployed SAS Business Analytics. With this solution FCCI anticipates a 1 to 1.5 percentage point improvement in its combined ratio from being able to choose which businesses and customers to insure, and from pricing products appropriately.