AMDDATAWIZ Service Capabilities for the Insurance Industry
The global insurance business has been relatively slow in embracing the data technologies compared to some other industry sectors. Now, the insurance industry, while struggling to offer products that deliver greater value to customers, has acknowledged the potential benefits of data analytics. In the ensuing future, the predictive analytics-enabled insurance operations will have significant competitive edge over their competitors!
Moreover, open access to third-party data sources has greatly reduced the sole reliance on internal data sources of insurance companies. More and more, the insurance operators are studying consumer behaviors on social media, mobile networks, or online networks to gain a competitive advantage. With so much open consumer data, insurers are far better positioned to understand risks; for example, in a particular geographical region, what is the probability that a person will die from a car accident or lose his property in a natural disaster?
Predictive analytics can provide a competitive edge to insurance companies by enabling them to identify underlying strengths, weaknesses, opportunities, or risks present in their business models. At AMDDATAWIZ, we can help our insurance industry clients develop predictive models by studying the existing business trends and patterns derived from the historical or transactional data.
With real-time monitoring and visualization of consumer behavior, insurance companies can leverage the knowledge to target customers for specific types of insurance plans. In the auto-insurance business, telematics are already being used to monitor the driving habits of the insured to better influence the customer for specific plans. At AMDDATAWIZ, our energetic data consultants can help the insurance businesses capture new markets and win more business with the support of advanced analytics and real-time data visualization.
The AMDDAAWIZ approach to data management involves building synergistic partnerships between people, processes, and technology. We can work closely with our insurance industry clients to build an insurance data warehouse model, which may be used as a permanent blueprint for achieving operational cost savings, improved risk management, and an error-proof system.
For the millions of insurers who are always on the road, AMDDATAWIZ offers a Mobile BI service to enable these remote workers to access information databases or corporate websites or third-party data sources from any location. The Mobile BI service connects remote workers with smart devices and digital knowledge-bases. With this service, remote employees can immediately access critical business data from any location.
With the Reports and Business Intelligence Service, the team at AMDDATAWIZ can acquire and analyze the insurance business data, determine the reporting needs, and build instance reports and dashboards for quick and painless decision making.
The Cloud BI Service has been designed for those insurance business operators who wish to derive the full benefits of a full-fledged data analytics platform without having the financial and maintenance burdens of an on-premise infrastructure. AMDDATAWIZ’s Cloud BI Service brings cloud computing to insurance operations. In this scenario, the client will not need special hardware or software installations, expert staff, or ongoing operational issues. We will host an enterprise-class data analytics and business intelligence system on our Cloud system and deliver 24/7 data services to the client’s business.
AMDDATAWIZ has enabled our team to deliver high quality files within tight deadlines to make sure that now we are able to execute much more number of
campaigns with much improved response rate. The campaign model and training framework created by AMDDATAWIZ are now employed at our end to upskill our resources I wanted to express my sincerest appreciation to the entire AMDDATAWIZ team for assisting us with delivering our CPU model early.
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