DATA | PREDICTION | INSIGHT.
Insurance is always provided to compensate future uncertainties. However insurance companies always face troubles due to changing regulatory pressures, cut throat competition, rising operational costs and claim expenses. In such challenging scenario we provide flexible analytical frame of business and insurance data base to give significant ROI and speed up the operational processes to achieve stated targets.
Today it is very important to analyse customer behaviour and calculate customer life time value. The strategies are plan to maintain long term relations with the customers to provide them long term benefits to increase customer profitability. We use advance forecasting methods for data assessment and also for calculating customer life time value. This analysis helps to sell insurance policy as per customer need.
Due to large number of insurance providers in market, customers have ample amount of choices to buy an insurance plan. For customer retention we create customer data base as per demographic, geographic and attitudinal factors. This helps to plan pricing and marketing strategies to acquire new and retain old customers.
Cross Sell & Up SellCustomer retention is more cost effective than customer acquisition. Therefore we provide detailed segmented data base to identify cross sell and up sell prospects for selling new and suitable insurance plan as per customer’s preferences. This is the most appropriate way for any insurer to assure company’s benefit as well customer’s profitability.
Market Campaigning Optimization
Every insurer considers customer data base, product lines and multiple channel of communication to design result oriented marketing campaign.
As an analyst we use analytical models to evaluate multiple campaigns simultaneously. This report helps to decide sales targets and mode of campaigning to gain maximum benefits.
The risk management has become a very crucial task because of the economic and financial instabilities.
For the accurate calculation of risk, we provide analytical solutions and models to allow insurer to anticipate enterprise risk and take corrective measures. Our efficient data base management techniques help an insurer to monitor the changes occurring in market. We also assist our clients in business decisions by accessing and communicating information to the management team according to the required format.
