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The insurance industry is witnessing a consistent annual growth but companies in this industry are struggling when it comes to insurance penetration among consumers. Globally, insurance fraud has become a major concern for insurance companies. To tackle these...
The client is a leading banking and insurance company based out of Denmark with a strong presence in more than 15 countries. With the rise in its global customer base, the company was looking at deploying an innovative approach to analyze attributes, journeys and...
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...
Embracing change is one of the buzzwords that healthcare insurance providers swear by when it comes to sustaining themselves in the competitive marketplace. The industry, for a while now, has been going through rapid transformations. And with the implementation of new...
Insurance Industry Trends As technology innovation, disruptive newcomers, and higher customer expectations redefine the marketplace, insurance industry players remain focused on improving bottom-line profitability, top-line sales, addressing challenges, and contending...
What the Client Wanted To gain actionable insights into ways to better serve existing client base and attract new ones. The Outcome Enhanced customer-data driven insights and spurred new growth and revenue opportunities along with policy retention, which ultimately...
The client: Corporate insurance firm Area of engagement: Price Point Optimization Leading players in the corporate insurance industry are increasingly focusing on improving top-line sales while bolstering their bottom-line profitability. However, there are numerous...
The Business Challenge A leading insurance company was facing certain challenges understanding the opinion of the customers and assessing the opinion and attitude of the end-users. Moreover, the client wanted to understand the customers’ perception of the products...
As industries evolve and business model changes, so do the risks involved in these industries. In the insurance industry, price connotes value, and understanding how to effectively price their products and services helps insurance companies to understand their...
With the recent increase in the level of competition in the insurance industry, companies have started directing their efforts towards improving customer experiences and personalizing customer journeys. The consumers are digitally proficient, tech-savvy, and have...
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