Insurance Data Analytics Solutions
Good enough Is not good Enough.
Only the most accurate data wins the day!!
Insurance sectors have been transformed by proliferating amounts of data, automation, and data-driven strategies, which require a new set of tools and technologies that can understand customer data to address challenges or avoid risks at a scale and in real-time scenarios.
The leaders in the industry have used Posidex’s Insurance Customer Analytics solution to enable many solutions for agents, brokers, and customers to enhance price policies, risk management, fraud detection, and meeting regulatory compliance.
Solutions for the Insurance sector to handle the following requirements
Risk Management & Customer Due Diligence
- Screening against Negative list and Fraud database
- Screen against Legacy Claims and General Insurance Fraud Detection
- Screening against Reject/prospect database
- 360 view of customers across products and lines of business
- Real-time customer exposure
- Instant customer on-boarding
- UCIC & Golden record generation
- Ease of enquiry in the call center
- Customer house-holding
- Bulk matching for campaign management
- Cross-sell and up-sell
- Customer segmentation - Sum at Risk Calculations
- Customer lifetime value
- Customer engagement