According to a research it is estimated that Big Data investments in the insurance industry will have accounted for more than $2.4 Billion in 2018 alone. Due to a plethora of business opportunities for Insurers, Reinsurers, Insurance Brokers, InsurTech specialists and other stakeholders, these investments are further expected to grow at a CAGR of approximately 14% over the next three years. Insurance companies spend a significant amount on selling insurance and acquiring more customers. Insurance is estimated to lead US$2.7 trillion IT spend by 2020. Using Big Data & Data Science, insurers are revolutionizing business through Marketing, Underwriting, and Claims Processes.

CROSS-SELL & UP-SELL
CROSS-SELL & UP-SELL
By applying ML to market data, product specifications, and sales trends, you can predict future sales more accurately.
CROSS-SELL & UP-SELL

UNDERWRITING EFFICIENCY
UNDERWRITING EFFICIENCY
Listen to what customers say on Social Platforms about their experience with your brand, products and services.
UNDERWRITING EFFICIENCY

Churn Prevention
Churn Prevention
Streamline and integrate financial planning and budgeting processes, improve visibility.
Churn Prevention

Next Best Action
Next Best Action
By applying ML to market data, product specifications, and sales trends, you can predict future sales more accurately.
Next Best Action

Better Claims Management
Better Claims Management
Listen to what customers say on Social Platforms about their experience with your brand, products and services.
Better Claims Management

Conversion Modelling
Conversion Modelling
Streamline and integrate financial planning and budgeting processes, improve visibility.
Conversion Modelling

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