Insurance Analytics Services

Data forms the core of every business, and Insurance businesses rely drastically on data to develop their products and services across vertical and horizontal lines. Voluminous data captured from enormous channels and formats need to be cleaned, processed and preserved for achieving quality data sets and generating business insights. Iris InsurTech solutions built on big data technologies maximize the value of extensive data collected in multiple formats and channels. Our big data solutions help insurers grow consistently with real-time insights extracted from the volumes of data for making informed decisions. The data playing a critical role in strategizing business processes and products include market research, telematics, customer behavioral and historical data, trends, and environmental factors. Our big data services enable insurers to acquire decisive models for:

• Customer retention and acquisition
• Risk assessment and management
• Fraud detection and prevention
• Cost reductions and amortization
• Personalized servicing and pricing
• Customer experience, behavior and sentiment analytics
• Patterns and trend analytics
• Indemnity, liability and market analytics