Insurance

From product configuration to service delivery, from underwriting management to agency collaboration, from claims management to incentives processing, analytics provide value in terms of preventing revenue leakage and maximizing profitability. The dynamism in the insurance environment makes it even more imperative to apply analytics to decisions that impact millions of customers. Insurers are leveraging streams of structured and unstructured data to tweak risk strategies and identify growth opportunities. View our offerings, use cases, solutions and advantages:

  • Professional Services
  • Technology Expertise

Key Use Cases

Growth Analytics, Sales Performance Management, Incentive Compensation, Profitability Analytics, Customer Life Time Value, Operational Efficiency, Marketing Campaigns, Regulatory compliance, Fraud Analytics, Risk Management, Product Configurations, Claims Management

Analytics Solutions

  • Big Data Insurance Models
  • Insurance Data Management
  • Descriptive, Predictive, Prescriptive Analytics

Analytic Advantages

  • Facilitate visual exploration and pattern discovery of big data
  • Exploit social "content" and make new insights that foster greater collaboration
  • Facilitate better sharing, guided analysis and decision making
  • Utilize mobile for presentation on any devices, as well as location-based intelligence
  • Embrace cloud; offering flexibility for licensing and deployment

Partnership Strategy

Karvy Analytics partners with you throughout the following strategic recommendations by analysts:

  • Determine your use case before investing in big data technology
  • Experiment and pilot to validate the value of the use cases
  • Leverage cloud solutions for experimentation to simplify initial deployments

Tools and Technologies

  • R, Python, Mahout
  • SAS, Dell Statistica
  • Visualization: Tableau, Spotfier, Pentaho, ClickView
  • Big Data: Hortonworks, Splunk, Greenplum, Terradata Aster
  • IBM Mimic, I-Log Elixir, Stamen, Juice Analytics, VE Videosynthesis, Photosynth, Predixon
  • SSSAP HN< SSP Big Data, Oracle Exalytics, Datamirror, Revolution Analytics

Business Insight

  • Price Modeling
  • Loss Modeling
  • Reinsurance
  • Incentive Compensation
  • Claims Analytics
  • Deal Management
  • Price Optimization
  • Customer Lifetime Value
  • Underwriting Analytics
  • Performance Measurement
  • Fraud Analytics
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