FICO and dacadoo Partner to Advance AI-Driven Underwriting in Life Insurance

FICO and dacadoo have partnered to enhance life insurance risk management by combining AI-driven decision management tools with advanced health risk quantification. This alliance targets the industry shift from traditional static underwriting to dynamic, behavior-based models, aiming to optimize operational efficiency and risk precision.

 By integrating predictive analytics, insurers can benefit from personalized risk scoring, real-time decision-making in claims and policy onboarding, and advanced modeling to anticipate claims and policy lapses.

The partnership projects a potential 20–30% increase in customer lifetime value through improved personalization and estimates underwriting times could be cut by 30–50% due to automation and real-time data use. Executives from both companies highlight the strategic advantage of applying sophisticated AI and health engagement technologies to augment risk assessment and support portfolio development, thereby fostering more precise and responsible growth within the life insurance sector.

The collaboration underscores a broader industry trend towards leveraging digital health insights and AI to enhance underwriting accuracy and customer engagement.