Risk Factor Scoring
Weigh the risk your way. Escalate what falls outside it.
Define the factors that matter to your book, how much each one counts and which score bands you are comfortable quoting automatically. Everything else is flagged for a person, with the reason written down.
- Claims history (3 yrs)3012
- Vehicle age209
- City risk zone2011
- Usage type154
- Security fitment153
Composite score
39/100
Capabilities
What you get out of the box
Weighted factors you control
Claims history, asset age, location zone, usage and protective measures each get a weight and a points scale. Change a weight and every future quote reflects it, with the previous version kept for audit.
Escalation, not guesswork
Scores above your threshold, or specific factor combinations, are referred to a reviewer instead of quoted.
Score bands to loadings
Map each band to a loading percentage, so the breakdown can show exactly why risk moved the price.
Reviewer queue
Referred cases arrive with the intake, the score and the triggering rule, ready for a decision.
Consistent across agents
The same answers always produce the same score, whoever is quoting and from wherever.
How it runs
From answers to a band, and a decision.
Scoring runs between intake and pricing. Its output decides both the loading and whether the quote can be issued automatically.
- Step 01
Collect factor inputs
Intake answers are normalised into factor values, such as years since last claim or city zone.
- Step 02
Score each factor
Each value is converted to points on the scale you set, then multiplied by the factor's weight.
- Step 03
Place in a band
The composite score lands in a band. Each band carries a loading and an auto-quote rule.
- Step 04
Quote or refer
Within standard rules, the quote goes out instantly. Outside them, it goes to a named reviewer.
In detail
Escalation rules, stated plainly
Referral is never a silent failure. The reviewer and the customer-facing agent both see why a case was held.
Score threshold
Any composite score above the limit you set for a line is referred.
Score 81+ on private car
Factor combination
Specific pairings that your underwriters want to see, regardless of the total.
High risk with comprehensive cover
Hard stop
Answers that make a case ineligible for standard cover under your rules.
Commercial use on a private policy
Questions
Asked by teams like yours
Does the AI decide who gets cover?
Can we use different factors for different lines?
How do we test a weight change before it goes live?
Can a reviewer override a referred case?
Your turn
Price one yourself. Watch it explain itself.
SAMPLE QUOTE · ILLUSTRATIVE RATES
Q-SAMPLE-01
Loyalty
- Base rate · Private car, Standard cover
- ₹4,200
- Risk adjustment · Low risk, +9%
- + ₹380
- Loyalty discount · Renewing customer, 3.5%
- − ₹150
- Total
- ₹4,430
This is a sample quote using illustrative rates. Connect your own rate rules for real quotes.