Insurance - idell trade

Data Science for Insurance

Harness data to meet customers’ changing needs and improve their overall experience while effectively assessing and protecting against new horizons of risk.

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Three Ways Data Science Assures a Better Future

Drive Revenue

Optimize pricing to cost sensitivity by geography and individual clients
Understand customer segments to expand multichannel strategies
Assess the long-term value of each customer to personalize service

Cut Costs

Streamline claims processing by automating data-dependent steps
Use business process mining to find opportunities to be more effective
Simplify underwriting to achieve real-time speed, cutting costs and delivering better service

Manage Risks

Immediately identify fraudulent and unwarranted claims or policy applications
Reduce risk and ensure compliance with precise and efficient scoring

Harnessing the Power of Data in Insurance

The insurance industry is ultra-competitive. The vast selection of providers means that customers will walk if they feel a quote isn’t reasonable, or if coverage or service is below par.

Luckily, your data can unlock opportunities to become more customer-centric and differentiate yourself from competitors. Customer segmentation, personalized marketing, and life event communication let you tailor messages, while recommendation engines can help to provide unique offers. Lifetime value prediction, claim prediction, and fraud detection all help to make timely decisions and maximize profits.

"The goal of the use case was to analyze POS data and detect fraud. We wanted an easy way to load the data from the Server and write calculated identifiers back. The analysis of the data was easy and fast thanks to the very successfully create interface in Idell Trade. Automodell made it quick and easy to extend analyze to other areas of applications. The exellent results speak for themselves, so we have been very satisfied with our cooperation with Idell Trade for a long time. The support is remarkable and leaves nothing to be desired.

Overall, I had a positive experience with Idell Trade. It is a unified platform where I can judge my data overall and we can easily decide where we need improvements and what is working well. Due to its machine learning, I am confident about my decision that keeps my brand standing out in a competitive world. I found features of Idell Trade to be extremely useful from data preparation to data analysis as an experienced user of data mining projects utilizing open programming languages, developing predictive models, and placing them in a visually appealing presentation.

Idell Trade Studio is a awesome visual workflow designer. The way they present visually is so unique. It helps in speeding and automating the creation of visual models. With the help of it we are able to create point + click connection to database enterprises. It helps in creating models in only 5 clicks by automated machine learning due to which we were able to do our work fast.

Idell Trade Studio helps us evaluate and communicate our concepts in a simple and understandable way, and also expedites our data-driven transformations. As an outcome of all this, our information collection, model confirmation, data augmentation, and visualization methods have all changed considerably. This has completely changed the approach we handle our database schemas, how we achieve success and make long-term plans, and how we make decisions. We've deployed Studio throughout our whole business since it's applicable for each and every use case, sparing us a tremendous quantity of effort and resources.

AI for Insurance—Why Now?

Getting it right in insurance is harder than ever. Risk assessment continues to become more complex due to climate change, terrorism, and cybercrime—not to mention new work patterns and health outcomes. Smart homes and autonomous vehicles are creating complex new dynamics and fresh considerations when crafting policies.

The analytics behind today’s underwriting, valuation, and fraud detection need to be re-invented to be fast, accurate, and adaptable to changing demands. Failure to deliver means, at best, lower profits and dissatisfied customers. At worst, it can expose you to massive losses.

Discover the Idell Trade Data Science Platform

Idell Trade unifies the entire end-to-end data science lifecycle so that you can turn promising data science projects into solutions that deliver real business results—and set you apart from the competition.

Data Science for Insurance

Adapt to changing risk dynamics and meet new demands in insurance. Request a free AI Assessment to determine the feasibility and business impact of the your high-priority use cases.

Request an AI Assessment

IDELL

TRADE

Data Science for Insurance

Three Ways Data Science Assures a Better Future

Drive Revenue

Cut Costs

Manage Risks

Harnessing the Power of Data in Insurance

AI for Insurance—Why Now?

Discover the Idell Trade Data Science Platform

Data Science for Insurance

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