Increase your exposure to insight
Insurance is one of the most competitive – and least predictable – sectors. Data science and big data revolutionises how the industry approaches risk, enabling insurers to develop effective attraction and retention strategies while combating fraud.
CUTTING-EDGE AND COMPLIANT
Predicting the future is hard enough. Insurance companies must also attract increasingly price sensitive customers while defending market share against aggressive competitors. And it’s not just profits that are at risk; data itself is under threat. Cyber attacks and fraud are only becoming more frequent, more sophisticated and harder to prevent.
Alfa Xprienz Solutions enables insurance companies to transform the way they assess customers’ risks – while reducing their own. Leveraging data from a wide array of sources enables insurers to devise optimally priced premiums and price sensitivity according to the customers’ ever-evolving profile, while automatically detecting fraudsters.
The Help We Offer
Transforming legacy systems
Working with emerging API technologies to future-proof insurance IT systems while understanding the effects on customer segmentation, process, channels, people and the organisation as a whole.
Resource and Claims Management
Using time series analysis to predict spikes in demand for resource handling and ensure an optimal claim process is presented and can be used by any adjuster.
Next best action strategies
We create and deploying recommender engines to consider the next best step for customer interactions, from marketing activities to call centre applications to predict cross sell and upsell opportunities
Pricing automation
Shifts towards algorithmic accountability are being used to assess each individual’s loyalty, level of risk and sensitivity to price. With more stringent regulations in place, there is now more scrutiny than ever on insurers to audit, evidence and explain the ways they calculate risk and price whilst helping them stay competitive.
Ready to embrace data-driven transformation in insurance?
Offering Flexible Engagement Models
ANALYTICS AND STRATEGY
Building an effective strategy for value creation from analytic activities
CAPABILITY
The right people with the right skills are key to impact the success of your Service delivery capability
TECHNOLOGY
Having the right Infrastructure to and tools is essential to deliver business value from analytics
DELIVERY
Executing High-value repeatable outcomes/deliverables on initiatives to prove ROI
TALK TO US
Talk to one of our experts to discover how Alfa Xperienz Solutions can help you achieve your AI and data-driven aspirations.