Valuable insights improving business performance,

is #Digitaligence at work!

Predictive Analytics can help Insurers manage risk better, with powerful data backed insights.

Insurers partner with ITC Infotech to leverage sophisticated analytics to help create contextualized customer experiences and effectively manage risks.

BUSINESS CHALLENGES

In a bid to improve their insurance underwriting, Insurers need access to actionable data driven insights. Precise information on specific customers helps insurers reduce business risks.

Insurance companies need the ability to analyze behavioral tendencies of varying demographics under differing sets of environmental circumstances, to accordingly develop customer personas with unique demands and create matching fulfilment options.

SOLUTION OVERVIEW

Inferences

  • Identifying major drivers behind business outcomes
  • Assessing relative impact of these drivers
  • Establishing synergies or interactions between the factors

Prediction

  • Establishing the relationship between outcome and drivers
  • Predict outcomes for set of drivers

RESULTS

  • Informed decision making, powered by insightful data
  • Data driven transformation with future predictions and inputs to reduce risks

RESOURCES

Case study

Business Case Creation & Solution Implementation Roadmap for a...

The client’s business processes and systems were fragmented. There was unmanaged spend of half a billion dollars and ...

Case study

Unique Offshore-Driven Monitoring Services Model Helps Reduce...

It was crucial for our Insurance client to make sure that their users and customers got continuous and trouble free ...

Case study

Set-up a Centralized Data Warehouse System for leading Insurance...

The customer lacked a centralized, integrated data warehouse that could support the products and services to ...

Videos

Transformational Digital Banking Solutions
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Integrated solutions for the Health Insurance industry

Contextualize Customer Experience across channels

Process Mapping – A force multiplier for requirements...

Customer Experience for the Health Insurance Industry

#Digitaligence

65%

Cost reduction reported by insurance agents who embraced digital practices

90%

Reduction in turnaround time on key insurance processes by insurers who adopted digital technologies

76%

Of insurers globally are expected to use Big Data for pricing, underwriting and risk selection, by 2018

Put #Digitaligence to work for you. Get in touch with us now!

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