Analytics

Insurance Operations : Analytics and Accounting

Analytics
  • Experience Analysis (Lapse Rate, Surrender Rate, Withdrawal Rate, Mortality Rate, Morbidity Rate, Loss Ratio)
  • Reduce loss ratio by identifying claim ratio of risky segment
  • Customer Scoring (Risk Profiling Analysis)
  • Product Profit Analysis
  • Revenue Analysis
Accounting
  • Policy level profitability
  • Cash flow management
  • Break even by cost centre
  • Financial Ratios
  • Financial Reporting (P & L)
  • Budgeting

Analytics vertical that delivers….

Marketing
  • Demographics / customer profiling
  • Upto 50% improvement in cross-sell conversion
Risk
  • Process modeling
  • Credit scorecard ; underwriting analysis
  • Change impact analysis