predictive modeling Archives | Verikai

predictive modeling Posts

Understanding the advantages of self-funded health insurance plans

What is a Self-Funded plan? More and more employers are looking to move to self-funded health insurance plans. While fully insured plans certainly have some advantages, self-funding gives more control and flexibility to the... Read More

The IMQ process is flawed. Here’s how alternative data is the solution.

Most underwriters can admit that individual medical questionnaires (IMQs) are neither efficient nor accurate in predicting future insurance claims. What’s wrong with IMQs? For starters, no one particularly likes them. Employees... Read More

Breaking into the field of Data Science with Jessica Yu

At Verikai, we consider our team culture a top priority, and a huge part of building an inclusive and innovative culture is the value we place on diversity. So today, we sat down with our very talented Data Scientist, Jessica Yu,... Read More

The Age of Insurtech for Insurance Brokers

Today’s world has been redefined by technology. Even when you look at a traditionally slow-moving industry like insurance, the pandemic and new enhancements in data have changed the “if it ain’t broke,... Read More

How Self-funding Improves Profits

With health care costs continuing to rise as we start off 2022, many employers have turned to self-funding as a solution to control their spend. According to the Employee Benefit Research Institute, “the percentage of... Read More

Verikai Introduces Marketplace to Simplify the Placement of Group Health Insurance for Brokers and Underwriters

SAN FRANCISCO, CA – July 12th, 2021 – Insurance technology startup, Verikai, has updated their user interface and with it launched their new product: Marketplace. Verikai uses machine learning models to give insurance... Read More

About Our Marketplace

The Verikai Marketplace, making it easy for brokers and underwriters to cast a wider net in receiving and binding quotes, will be live in just a few weeks. Today, we are breaking down what to expect, and explaining how this new... Read More

Professional Employer Organizations (PEOs) Continue to Embrace Predictive Modeling Within Healthcare Underwriting

As we put 2020 behind us and look forward to a prosperous New Year, uncertainty looms across the health insurance industry. It’s no secret that the Covid-19 pandemic led to a decrease in overall healthcare utilization in 2020,... Read More

Verikai Announces Jeff Chen as President & Chief Revenue Officer

SAN FRANCISCO, California – January 12th, 2021 – Insurance technology company Verikai, the leading predictive risk platform utilizing behavioral data for the health insurance industry, announced the promotion of Jeff Chen to... Read More