Analytics – The insurance that the insurance companies need

Deeper customer engagement to deliver enriched customer experience!

TRENDS

In the insurance segment, the analytics software market will touch $1000 million in 2020. (Source)
Big data and analytics helps insurance industry balance between risk assessment and risk management. By analyzing the large chunks of data available to the insurance companies, they can better understand the market dynamics and build the right business models and products to stay profitable. It helps these companies better price their products based on the behaviors of the policy-holders, easily detect frauds, improve risk assessment, and gain valuable insights into compliance indicators.

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Big insights, integrity and impact to Insurers

Inteliment has been working with several leading Insurance companies, brining Data Innovation partnership that combine our Business & Technology Solutions, Partner Eco-system, Decade long Proven Track Record of Customer Success and Execution Capability to deliver you an assured Business Value.

Customer Segmentation

Create in-depth customer segments based on demographic and behavior patterns data across BUs.
Rate evasion – Spot rate evasion tactics during the quote process – before you issue a policy.

Cross-sell and Up-sell

Uncover new revenue opportunities. Predictive Analytics enables you to forecast expected customer behavior and connect the right offers to the right customers.

Claims Analytics

Reduce loss ratios and lower adjustment expenses by applying Analytics across the claims process.

Firm-wide Risk

Reduce the impact of risks by applying advanced analytics that allows you to anticipate risks and initiate risk control measures to minimize losses.

Fraud Prevention

Tag potentially fraudulent and unwarranted claims or policy applications and secure your money for legitimate claimants.

Underwriting efficiency

Automate your underwriting processes and price policies optimally with dedicated and efficient scoring models.

Customer Life Cycle

Understand and anticipate life situations of your customers and always provide the best offer to boost your customer relationships.

Operational Excellence

Substantiate your everyday decision-making through risk assessments that quantify debtor or supplier reliability and provide insights into other aspects of operations.

Success Stories

  • "This project on the telecom networks was very demanding on data complexity, scale and speed. We had to handle millions of user’s data in real time. Interestingly every time we faced a challenge, Inteliment team was well prepared and aligned with teams with options for addressing an issue. We worked together as a team to deliver the best possible solution." -  Sr. Manager Strategy & Innovation, Asia’s Largest Telecom Company

  • "Inteliment has delivered to us customer profitability models, helping us increase margins and share of business with strategic enterprises. Inteliment’s strong analytics capabilities and excellent understanding of our business, helped deliver solutions that solve real business problems effectively." - VP Consumer Marketing, A leading Global Bank

  • "Inteliment was an excellent business productivity partner. While our team was brainstorming some futuristic solutions ideas, they helped us build a workable prototype, that helped us build a viable business case and obtain subsequent approvals. Both teams worked together to successfully deliver the promised value of a project within budgets." - Program Director, Fortune 100 Technology Company, Global Leader in Automotive

  • "I was impressed with their desire and commitment to deliver a solution providing value and insight. I also appreciated their ability to educate and share knowledge with our team, allowing us to increase adoption and operationalize the project deliverable beyond the engagement." - VP Technology Transformation, One of the top 5 Life Insurance Companies of India

  • "Inteliment team exceeded our expectations in delivering the solution that was defined as a top priority for our business head. They gained a very thorough understanding of our business in a very short amount of time and were flexible to adopt the changes arising due to internal as well as external challenges faced during the project phases." - BU Head, India’s No 1 Engineering Company

  • "Inteliment’s SMEs did an outstanding job in helping us define the solution architecture for an evolving bigdata landscape considering the unique needs of the industry and advancements in many applications including streaming channels. Their professional approach in managing delivery matched our expectations on speed and quality." - Head of Business Transformation Program, A leading Media Company."

Case Studies

Technology Solutions

Data Science

According to McKinsey Global Institute, widespread adoption of Big Data Analytics could increase GDP of manufacturers and retailers by $325b, by 2020.

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Internet of things

For 2020, the installed base of Internet of Things devices is forecast to grow to almost 31 billion worldwide. By 2020, there will be 50 billion+ connected devices

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Artificial Intelligence

A recent Gartner survey showed that 59% of organizations are still gathering information to build their AI strategies, while the remainder have already made progress

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Analytics

Global spending on the business intelligence (BI) and analytics software is forecast to reach $22.8 billion by 2020 if it continues the present CAGR of 7.5%

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We are glad that you preferred to contact us.Our representatives and specialists
are ready with the solutions you need to advance your business.






Tell us more about your interest *