FICO and dacadoo Enhance Life Insurance Risk Assessment with AI

FICO, a leader in analytics software, and dacadoo, a global digital wellness and health risk quantification platform, have formed a partnership aimed at advancing life insurance risk assessment and customer engagement.

This collaboration integrates FICO’s AI and decision management tools with dacadoo’s health risk engine, enabling insurers to refine risk evaluations and develop more personalized life insurance offerings. The joint solution supports a shift from static underwriting methods to dynamic, behavior-driven models, which can reduce operational costs while enhancing policyholder loyalty and risk management efficiency.

By adopting this technology, insurers stand to benefit from a potential 20-30% increase in customer lifetime value through improved personalization, alongside a 30-50% reduction in underwriting time due to real-time automated decisions.

This partnership addresses a critical market need, with over 80% of insurers prioritizing underwriting improvement and customer experience enhancement. FICO and dacadoo's combined capabilities present new opportunities for innovation in life insurance underwriting and customer health engagement, aligned with industry trends toward leveraging AI and real-time data for compliance and competitive advantage.