About us

We Predict is the developer of its analytical product, Indico, which uses actuarial analysis to enable volume manufacturers to improve product quality and reduce costs in their post sale value chain.

Simply put actuarial analysis has been used to predict the failure/death of humans since 1762. Indico makes use of these techniques to forecast the failure rate of component parts of other complex machines.

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk primarily in the insurance and finance industries. It includes a number of interrelating subjects, including probability and statistics, finance, and economics. Historically, actuarial science used deterministic models in the construction of tables and premiums. The science has gone through revolutionary changes during the last 30 years due to the proliferation of high speed computers.

Actuarial science became a formal mathematical discipline in the late 17th century with the increased demand for long-term insurance coverages such as Burial, Life insurance, and Annuities. These long term coverages required that money be set aside to pay future benefits, such as annuity and death benefits many years into the future. This requires estimating future contingent events, such as the rates of mortality by age, as well as the development of mathematical techniques for discounting the value of funds set aside and invested. This led to the development of an important actuarial concept, referred to as the Present value of a future sum.

James Dodsons pioneering work on the level premium system led to the formation of the Society for Equitable Assurances on Lives and Survivorship (now commonly known as Equitable Life) in London in 1762.

We provide a service not a walk away solution, with a problem as dynamic as warranty we believe that any predictive analytics system needs to be monitored constantly.

We work with OEM’s to;

• Improve accrue forecast accuracy (up to 99.7%)
• Reduce time to detection (by months)
• Reduce dealer overspend (by 10%+ of total spend)