Domino for Insurance
Faster models, quicker response to risks and opportunities
Boost model velocity, ease risk and compliance
The insurance industry is rapidly changing. Connected homes, cars, and a variety of other devices have created an explosion of data. Small insurtech firms are leveraging AI/ML to exploit changing consumer preferences. As a result, insurers are faced with increasing demands for AI/ML to drive new product offerings and operational enhancements, while still adhering to regulatory requirements.
Domino’s Enterprise MLOps platform helps data scientists, analysts and actuaries at the world’s largest insurers:
- Increase operational efficiencies to reduce cost and improve customer experiences.
- Develop new products to adapt to changing consumer preferences such as recommendation engines and usage-based insurance products.
- Personalize customer interactions and offers to build better relationships and drive profitability
- Identify, test, and manage risk across the entire portfolio including underwriting, pricing, fraud/cyber detection and prevention, collections, and regulatory compliance.
“We’ve implemented a multi-cloud strategy, along with Domino’s Enterprise MLOps platform, to increase our model velocity so we can address customer needs in a quarter of the time it used to take us.”
Head, Data Science
Powerful solutions for insurance
Model Risk Management and Governance; Controls and audit processes
Domino makes it easy to identify, test, and manage risk across the entire portfolio, including use cases such as credit risk, capital planning, underwriting, and regulatory compliance.
Detect and prevent cyber and fraud; Improve collections
Domino supports the detection and prevention of cyber and fraud and the modeling of emerging threats and nefarious actors. It improves the ability to collect amounts owed.
Turbocharge hyper-personalization and omnichannel experiences
Domino makes it easy to personalize customer interactions and offers to build better relationships and drive profitability.
Monetization and productization of data, insights, and models
Domino increases model velocity and data scientist productivity, making it easy to gain deeper insights and quickly monetize data, models, and processes.
Data Science Leaders
Drive productivity and accelerate tangible results with your data science teams on the only Enterprise MLOps platform that combines data science management and data science tools and processes across the entire data science lifecycle.
Domino for IT Leaders
Reduce the IT support burden and unleash data science with the only Enterprise MLOps platform that reduces data science project risk and complexity, eliminates silos and technical chaos, and ensures reproducibility, governance, and security.