Lapse & Persistency Rates
Predictive modeling to forecast lapse/persistency rates for groups of insurance policies.
Lapse experience on individual life products for various policy and product factors provides carriers with bench-marking and background information for product development, planning processes and marketing strategies. Lapse Analytics data will aid insurers in identifying factors that impact individual life insurance persistency, helping them in saving and retaining formerly “at-‐risk” insurance policies and customers.
Sample screen captures from our software.