Insurance Analytics Challenge First, let's understand the role of insurance analytics for the healthcare industry. A prominent client in the healthcare insurance market space wanted to identify the current market landscape in terms of high risk, least profitable, and...
insurance
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Sales Analytics and Loan to Value Modeling Improves Traditional Channel-based Sales by 53% for an Insurance Provider
Business Challenge Improving traditional channel sales A large multinational insurance provider wanted to improve the insurance sales through its traditional channel of agents and brokers in the face of competition from online sales. Situation: Losing...
Claims analytics reduces claims approval effort by 45% for health insurance provider in US
Business Challenge: Improving claims approval process. A leading health insurance provider in US wanted us to conduct data analysis for insurance claims and help automate the approval process. Situation: Cumbersome manual claims approval process The health insurance...
US$ 25 Million Saved by Insurance Company in Claims Processing Using Fraud Detection Analytics
Business Challenge Improving fraud detection in insurance claims. A global insurance company wanted to improve fraud detection in its insurance claims, while also reducing time and resources spent on false alarms. Contact an analytics expert for comprehensive insights...
Claims Predictive Analysis Delivers Reduction in Frauds and Enhanced Customer Satisfaction for an Insurance Company
Business Challenge: Improving claims management process A US based insurance provider wanted to improve the management of its claims resolution process in order to improve customer experience while reducing management costs and insurance claim frauds....
Collection analytics reduces backlogs and improves premium collections for insurance provider
Business Challenge: Improving collection management A leading insurance and financial services provider wanted to improve its insurance collection process in order to reduce collection costs and efforts. Situation: Inadequate collections management process...