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Analytics in Insurance

Grow your Insurance Business with Predictive Analytics

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Now this is a million dollar question!  The underwriter’s performance determines the premium coverage that you get and hence determines the business profitability. It’s a fine balance so that you don’t overprice your premiums and become unattractive and at the same time do not underprice and expose yourself to risk. While underwriting quality is important, productivity is also of critical importance. Superior productivity would mean shorter TAT, faster policy issuance and hence increased customer satisfaction. GrayMatter recognizes this need and...
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How to use big data analytics to streamline operations? – Big Data Analytics in Insurance

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Big Data Analytics in Insurance – Despite many opportunities to capitalise on analytics, insurers lag behind other, more tech-savvy organisations. This however leaves a huge opportunity for insurers to learn from companies further down the road, but the difficulty lies in connecting with other industries to gain insight into their analytics capabilities. That is why Insurance Analytics Europe Conference (5-6 October, London) is uniting insurers with key players from e-commerce, mobile, and media to share experiences. Put simply, there is...
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Analytics in Insurance Industry – Out-of-box Solution

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Insurance Analytics (IA+) is out-of-box “Management Reporting Solution” which covers complete spectrum of Analytics in Insurance business such as Sales & Distribution Analytics, Marketing, Claims Analytics, Operation, Underwriting Analytics, Finance and Actuarial. The data analytics in insurance Industry offers vast repository of KPI’s and metrics for various roles and responsibilities – running into several hundreds. The Insurance Data Analytics solution come with pre-built dashboard and management reports for all department heads. This Insurance Data Analytics is a role-based analytics application is designed to...
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