GlowByte will introduce an innovative decision-making system for pre-insurance inspections in Uzbek Investment

2023: Implementation of the decision-making system for Talys.SDE pre-insurance inspections

The company export-import insurance "Uzbinvest" , with the support IT of the partner GlowByte , will implement an innovative decision-making system for. pre-insurance checks Talys.SDE Software developed on the open by technologies Russian the vendor. This was reported Data Sapience on April 19, 2023 in GlowByte.

The Talys.SDE platform runs in streaming mode and is capable of processing and calculating data received from external services, internal sources and databases in a split second. The system provides batch processing of applications, which allows you to automate the process of pre-approved offers and simplify regress testing. 

The basis ON is the Apache Flink-based system. Thanks to this, the system processes thousands of requests per second. The solution is deployed in clusters, Kubernetes providing high fault tolerance and flexible internal management. infrastructure 

The project using a decision-making system and models ML to assess the likelihood of a loss under to insurance the contract at the stage of its signing will be the first of its kind both Uzbekistan in general and in insurance companies of the republic in particular. Implementing a model-based decision-making system predictive will allow businesses to streamline and automate the risk assessment process when accepting customers for insurance. With the models machine learning , the insurance company will be able to more accurately identify potentially highly unprofitable customers and, accordingly, select more low-risk customers into its portfolio. The decision-making system, in turn, will allow this process to be automated, taking into account all the features of business processes the insurance company. As a result - an increase in business margins and market share, reported by Evgeny Chernoburov, head of insurance practice at GlowByte.

The insurance market is becoming more sensitive - and prompt response to changes in consumer needs, on the one hand, and objective assessment of the amount of risk - on the other, are key criteria for business profitability. In the short term, the task is to ensure acceptable profitability under OSAGO contracts and voluntary car insurance, which, of course, requires automation of the decision-making process. In addition, the use of innovative digital technologies will allow you to quickly respond to changes in the market, to changes in preferences and needs of customers, as well as to changes in regulation. This can only be achieved when you use digital tools to the maximum. To do this, innovative decision-making mechanisms must be introduced into the landscape of the pre-insurance inspection management system. Having studied the market, "Uzbinvest" was convinced of the highest expertise and experience of the implementation teams and the vendor. Thanks to the implementation of the project, we expect not only to solve the main task, but also to create a basis for using the implemented system of digital tools in other areas of business, which will make it possible to implement the main task of 2023 - the digital transformation of the Uzbinvest company, noted Rustam Khalikov, First Deputy General Director of JSC "KEIS" Uzbinvest. "