InsurTech Futures: CDL integrates machine learning with its Strata platform
Software house says application will help brokers personalise products for customers.
CDL has developed a machine learning application that can predict whether a customer is likely to buy a product at a particular price.
The algorithm integrates with the company’s Strata solution and real time pricing (RTP) and the software house said it is now available to brokers.
The service was created using historic customer data including on no claims bonus, age and marital status.
According to CDL the aim is to personalise the product to the individual customer. It can also predict
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