Life Insurance Beidou Big Data Modeling Platform Qorus Innovation in Insurance Awards 2023

The Beidou Big Data Modeling Platform has played a significant role in life insurance big data and data science, serving as the core platform for life insurance data mining model frameworks. It has a great impact on improving model development efficiency, standardizing output formats, and simplifying deployment methods. Based on the Big Dipper data modeling platform, we have achieved good results in multiple business lines. After the launch of the new contract litigation model, the complaint rate per 10000 policies decreased from 2/10000 at the end of 2021 to 0.5% per 10000; Underwriting the critical illness model, with a 22-year risk prevention coverage of 1.012 billion yuan, and reducing the issuance of 147000 medical examinations for the physical examination production model; Individual insurance business model, distributing 4 million leads to agent pocket E, increasing premium income by 8.9 billion.