Use Case
AI-Driven Industry Classification
In commercial insurance and banking, accurate risk assessment is crucial, with a business's industry being a key risk factor. External data makes an automated and precise industry classification possible, thereby enhancing profitability with minimal human intervention. Here is how you can make it work for you:
- Fetch business activities and more about any company and load it into your systems in seconds.
- Use our pre-trained industry classifier or build your own model with our company data.
- Easily integrate the data into your systems via the Fusionbase Data Hub API.
Fusionbase Data Hub
External Data for Industry Classification
Use the Fusionbase Data Hub API to use your data-driven industry classification to pre-fill forms, enrich your CRM or improve risk models. Our customers leverage the following data points for industry classification:
- Organization Base Data
Legal form, addresses, founding date, etc. of an organization.
Log in to access- Financial KPIs
Financial KPI's to assess the size of a company.
Log in to access- Business Activities
Business activities, products, services, etc. of an organization.
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Your Benefits
- Enhanced Accuracy in Risk Assessment
With Fusionbase's AI-driven data hub, you can achieve sharper accuracy in industry classification, enabling more precise risk profiling, smarter underwriting decisions, and optimized pricing strategies for your insurance offerings.
- Increased Operational Efficiency
Fusionbase transforms the once time-consuming classification process into a streamlined operation, reducing your administrative load and accelerating your insurance workflow for faster, more accurate customer service.
- Improved Profitability in Claims Processing
Enhance your claims processing accuracy with Fusionbase, ensuring correct classifications for more effective assessments. This approach leads to fairer compensation and a balanced claims-to-premium ratio, directly boosting profitability.
Before Fusionbaes
With Fusionbase
See how Generali does it
Generali leverages external data and AI to revolutionize it's classification process, enhancing risk assessment and customer satisfaction.
Let's dive deeper into your use case
We can show you how to leverage the right external data for your personal use case - for free.