CPCU 550 case studies
CPCU 550 · Put your knowledge to work in context.
CPCU 550: Maximizing Value with Data and Technology is one of the five core courses in The Institutes' CPCU designation sequence, sitting alongside CPCU 500, 520, 530, and 540. The source material confirms its title and its position in the core curriculum, and it also lists a dedicated free sample course, CPCU 550: Data and Technology Sample Course, so candidates can preview the material before committing. The CPCU 550 case studies are 5 cases and about 4,344 words.
1Subrogation Scoring Model: Expansion Under a Fairness Cloud
Northline Mutual writes 410,000 personal auto policies across six states. In March it deployed a vendor's machine-learning model that scores every new auto injury claim for subrogation potential on a 1-100 scale.
871 words, about 4 min2Policy Administration Migration: Converting 9,200 Exceptions
Cedar Valley Insurance is 11 months into a 14-month migration of 1.15 million personal and small commercial policies from a 1998 mainframe policy administration system to a cloud platform. Two dry runs converted 99.2% of records.
871 words, about 4 min3MGA Vendor Ransomware: The First 72 Hours
Harbor Point Specialty, an MGA writing 38,000 small commercial package policies, uses a cloud rating and policy-issuance platform from a vendor, RateCore. On a Friday, RateCore discloses that ransomware encrypted its production environment, including the rating engine and a document store holding scanned applications, loss runs, and driver's license images for Harbor Point insureds.
875 words, about 4 min4Straight-Through Small Commercial: The 75% Threshold Proposal
Keystone Commercial has moved 70% of its small business volume, BOP and workers' compensation, to a straight-through process: agents submit via API, and a rules engine plus a predictive model returns bindable quotes in under two minutes when a submission scores below a risk threshold, referring the rest to underwriters. Since launch, the straight-through rate is 58%, quote-to-bind is up nine points, and time-to-quote has fallen sharply.
865 words, about 4 min5Usage-Based Insurance: Data Scope, Subcontractors, and Secondary Use
Summit Auto launched a usage-based insurance program in 12 states using a mobile app plus an OBD-II dongle that collect GPS location, hard-braking events, time of day, and phone-handling signals. Enrollment is 62,000 policyholders, 71% opt-in, with a 5-25% discount.
862 words, about 4 min