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  5. Cathay Life: Cathay Eye, Risk Segmentation Pricing Model

Cathay Life: Cathay Eye, Risk Segmentation Pricing Model

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29 March 2023
Max Ang

Winner of the 2023 Celent Model Insurer Award for Data, Analytics, and AI

Abstract

The development and execution of a business data strategy is crucial to an insurer’s goal of innovation. The appropriate strategy, with curated data variables, produces models that will benefit the chosen use case. Cathay Life developed a risk segmentation pricing model for a new term life product, which enables comprehensive health risk ratings for policyholders and sets the foundation for future data innovation across their insurance value chain.

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