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Insurance companies never focused much on investing in analytics before, but with the growing customer expectations and mushrooming challenges, the value of insurance analytics cannot be ignored. Insurance analytics has the potential to build optimized business models...
Importance of Big Data Analytics for Insurance Services Provider With millions of claims to handle, adjusters find it extremely difficult to sift through all the documents. High-risks claims turn out to be very expensive to the company and need priority handling. The...
Business Challenge Improving the warranty management process. A leading electrical equipment manufacturer wanted to improve the warranty management process and reduce costs. Situation: High warranty claims cost and cumbersome warranty processing process. The...
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