The Celent Model Insurer Report & Case Study

Taiwan Life was awarded the 2022 Celent Model Insurer Award for Data, Analytics and AI for their work with Lydia AI

Taiwan_Life
Read the analyst report on how Taiwan Life leveraged external open health data for digital accelerated underwriting using Lydia AI
Using machine learning models to accelerate underwriting decisions is a major trend; however, there has not been an established industry best-standard practice for how to validate its use in underwriting. The joint-team worked together to develop a methodology to translate machine learning predictive output results into data-driven reference markets that are compatible with use by actuaries and underwriters.
Max Ang
Max Ang
Celent Apac Insurance Technology Research Leader

Driving real-world impact

Insurance products using the Lydia AI health score are live in Taiwan’s largest retail bank servicing more than 15 million customers

80%

Near real-time medical Underwriting

22%

Increase in Gross Written Premium

15-30%

Loss Ratio Improvement

Get in touch

And get ready to reimagine your business with Lydia

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