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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...
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: A leading professional indemnity insurance services providerArea of engagement: Digital analytics Professional indemnity insurance helps protect business organizations against the financial strain of litigation. It is specially designed for professionals...
The Business Challenge The client, a leading player in the insurance industry, approached our team of experts to help them devise effective marketing analytic strategies. They also wanted to leverage marketing analytics solutions to gain a full view of their customers...
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...
The insurance industry is one of the most flourishing sectors of today. Recent research shows that with the increasing level of market competition, insurance companies are formulating new ways to differentiate themselves. Big data analytics is one of the promising...
In today’s world, technological advancements and changing trends are forcing organizations in various sectors to opt for analytic services - and the insurance industry is no exception. Recent studies show that even the financial sector is now focusing on customer...
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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