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.
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.