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RISK PREDICTION

RED MOUNTAIN TECHNOLOGIES’ ANNOUNCES NEW RISK PREDICTOR SCORE 2.0

RMT’s Risk Predictor Score model was developed specifically for the auto insurance industry. Version 2.0 utilizes a GLM Model with a lost cost index—our All-Coverage Model provides an approximate lift over 8 times, and our Physical Damage Model provides an approximate lift over 11 times. It incorporates a robust data set and spans the spectrum of auto insurance risk. Additional loss data, meticulous analysis, and a multitude of enhanced and new variables were integrated within these new models. The Risk Predictor Score 2.0 helps uncover previously unknown risk.

Vehicle Risk Predictor Score 2.0

Failure to implement VHR based rating/underwriting can easily lead to significant deterioration in loss ratio over time.

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