First SaaS-based predictive platform for life insurers

Singapore

TEL Aviv-based insurtech company Atidot has launched the first SaaS-based (software as a service-based) predictive analytics platform for life insurers, where it can clean and sort data, as well as generate real time premium rates based on the information gathered.

The Israeli firm taps Big Data modelling and decision making tools to help life insurers make decisions, such as policy pricing that complies with regulation, efficiently. It also means insurers do not have to rely on their legacy systems or traditional analytic methods, which are more time-consuming.