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iA Financial Group Expands Insurance Underwriting with FICO Platform, Aiming for 80% Automation

1. iA Financial Group adopts FICO® Platform for improved underwriting and automation. 2. FICO's technology enables real-time decisions, enhancing iA's market position in insurance.

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Why Bullish?

The adoption of FICO technology by iA Financial Group signifies growing demand for FICO's services, reminiscent of past partnerships boosting FICO’s stock value. Increased automation in underwriting aligns with industry trends toward efficiency, suggesting further market penetration and potential profitability for FICO.

How important is it?

This significant partnership highlights FICO's expanding influence in the insurance tech sector, making FICO stock an attractive option for investors focused on fintech growth.

Why Long Term?

The long-term goal of iA reaching 80% automation by 2030 indicates sustained demand for FICO products and strategic partnerships, which can positively affect FICO's growth trajectory over time.

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BOZEMAN, Mont.--(BUSINESS WIRE)---- $FICO--FICO (NYSE:FICO): Highlights: iA Financial Group has implemented FICO® Platform to scale and enhance its underwriting process. Already a leader in Canada with over 50% automation, iA aims to achieve 80% automation by 2030, securing its position as a frontrunner within the insurance market. FICO® Platform empowers iA Financial Group to make real-time underwriting decisions, allowing for increased decision speed, faster policy approvals, and a seamless experience.

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