Good2Go Leverages Platform for Predictive Analytics
Aug. 5, 2019—Good2Go Auto Insurance is using Guidewire Predictive Analytics to embed predictive insights for pricing guidance, according to a press release.
The company is currently using its approved rating model, which leverages Predictive Analytics for profitability, in Illinois and has filed similarly-built models for approval in Alabama and Delaware.
Scott Gibson, vice president and chief actuary at Good2Go, said in the press release, “We wanted a tool that would enable our in-house talent to perform predictive analytics work without the need to build a team from scratch. We have been able to add the rating models to our pricing plans, leading to a loss ratio benefit that is there to safeguard us so we can get more aggressive.”