Insurance

Provide right product to right customer, analyze customer history to track suspicious claims and give the best price at the right time to increase profit.

EzDataMunch’s suite of pre-built insurance analytics dashboards gives companies real-time visibility in all of their business processes. Our easy to use and highly scalable solutions transform complex data into graphical charts in minutes. This information is available to managers anywhere and anytime and helps them take data driven decisions.

EzInsights Insurance Analytics

Adhere to regulations, keep competitive pricing and improve profits by using our Insurance Analytics solutions.

Increased competition and stringent regulations have created pressure on insurance companies to improve their products and enhance their operations. Customers are demanding more transparency in terms of product information and documentation and lesser time for claim disbursement. Insurance companies are facing fraudulent claims which are increasing at an alarming rate. This scenario has pushed companies to have a comprehensive insurance data analytics solution that can help them in proper pricing of their product, manage assets and reduce risk. Insurance companies are rife with data.

  • This data is being generated from disparate systems such as claims management and call centers.
  • Customer’s data through marketing channels and customer behavior.
  • Insurance application forms and data from brokers or agents.
  • The challenge here is how to empower leaders at various levels to use this data and make informed decisions.

Claims

Reduce claims processing time, avoid frauds & eusure custome satisfaction.

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Risk

Identify account & product risk, evade fraud & adhere to business rules.

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Premium & Loss

Understand premium & loss per product, customize products, forecast profits

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Blogs

Application of Big Data Analytics in Real Life Examples

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What is the difference between Data Science vs Data Analytics?

Data science and data analytics are the trending terms of the year. Everyone knows that business success without data is unknown. Many tons of data are generated daily by the user and importance is given to carrying out the day to day activities of the business. If...
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Inventory Metrics and KPIs Best Practices for Your Warehouse

Do you know the factor for which your business can succeed? What contributes to your sales and revenue growth? The answer is maintaining your list and selecting the appropriate metric and KPI for inventory management. Inventory management plays a vital role in...
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How Big Data Analytics helps in Crime Prediction and Prevention

Big data analytics helps businesses analyze and examine large amounts of data. The process involves hidden patterns, correlations, and provides deep business insights to make an appropriate business decision. Basically, organizations have realized the strengths of big...
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What is Data Democratization and how to get started?

Today data is an important factor for business success. In every business, it has been observed that data is playing a game-changing moment to improve business performance. Data is important and necessary in this increasingly competitive world. It is essential for...
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Corporate Dashboard – How it Empowers CEO’s Strategic Decisions

If your company is generating thousands of reports and millions of data by merchandising, trade, marketing, and financial activities. From that collect data that you select to run your direct and retail business? What key performance metrics and KPI’s are selecting,...
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What is Agile Business Intelligence and Data Analytics

Many business users are raising complaints about reporting and analytics that took a lot of time to develop with the IT team. One research found that traditional BI is unable to provide quick reporting and solutions to industries in this competitive world. Companies...
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How your Business can Benefit from Artificial Intelligence

In business, artificial intelligence is playing an important role in maximizing the success rate in the business industry. Artificial intelligence has given humans a new approach to create a new environment in the world of computing. Digital technologies have replaced...
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Introduction to Amazon Sagemaker and know how it works

Machine learning has been developed over the years and brings many discoveries and inventions to us. It is the ability to increase the strength and effectiveness of a business, so many companies today rely on machine learning. Amazon introduced the SageMaker solution...
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How Predictive Analytics Can Transform your Business Insights

Predictive analytics has opened a new door for the organization to see business opportunities.  It offers a new and effective way to look into the future permitting entrepreneurs to improve the business process, improve marketing strategies. The predictive can act as...
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insurance analytics

Whitepaper

Key KPIs for health insurance analytics.

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