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Our Insurance Analytics Solutions offerings are designed to help insurers enhance there abilities to assess and manage risk more effectively than competitors. In today's volatile market, price pressures, increasing claim servicing costs, tougher regulations and emerging risks can quickly overwhelm any carrier. Our teams use advanced statistics and predictive modeling to unleash the power of data in increasing sales, improving risk management and decreasing operational costs. The resultant benefits come in form of increased market shares, reduced churn and optimized portfolio risks.

Key offerings of Insurance Analytics Solutions:

• Claims Modeling: Identification of critical factors affecting claims exposure by factor analysis and regression techniques and build decision rules for efficient and cost effective claims settlement.
• Pricing Analytics: Identification optimal insurance premium strategy for different products and identify critical price points relevant to market
• Fraud Modeling: Identification of patterns or behavior indicative of fraudulent claims by scoring customers and assigning risk scores for early detection and prevention of fraud.
• Churn Analytics: Identification of reasons for customers to discontinue usage of a product/service, determine the time of likely attrition of a customer and select the appropriate retention strategies (Loyalty Programs, Customer Service, etc)
• Cross Sell / Up Sell: Identification of selling opportunities for loyal and profitable customers of an existing insurance product say auto insurance and thereafter selling an alternative insurance product say home insurance or garage insurance to them.