Insurance

Leading Edge Group offers insurance industry data analytics solutions, such as:

 

1.Effective Profit Analysis

Consumer Data, Alternative Data, Credit Data, Claims History, Demographics, etc.

 

ACTUARIES SCIENCE

  • Advanced Math analytics
  • Alternative datasets in underwriting to calculate premiums
  • Predictive modeling for likelihood of future events

Machine learning to predict and optimize models

 

2.Decision Services Management

Telematics, sensors, social media, behavior data, claims, alternative data – road conditions, safe neighborhood

 

RISK ASSESSMENT

  • Predictive modeling to calculate Insurance premiums
  • Underwriting decisions
  • Loss control measures
  • Claims management

Improved customer outcomes & increased revenue

 

3.Improved Fraud prediction

Consumer and Vendor Profiles, Claims history, location, social media, credit reference agencies

 

FRAUD DETECTION

  • Trend analysis, detecting behavior patterns
  • Spot missed subrogation
  • Realtime fraud identification
  • Settlement and loss recovery

Predictive risk analysis secure investment decisions

 

4.Reduction in annual claim payouts

Claims, notes, sensor data, social media, third party data, vendor data

 

MARKETING

  • Personalized promotions/offers/services
  • Group packages
  • Data driven dynamic pricing
  • Effective channel optimization in lead and demand generation

Predictive analytics transforming investment decisions

 

5.Comprehensive customer analysis

Call center data, emails, social media, user forums, user behavior, profiles, relationship influence

 

CUSTOMER INSIGHTS (360)

  • Relevant future product offerings
  • Real-time problem solving
  • Preventing customer churn
  • Customer segmentation
  • Actual needs analysis

Improved customer sentiment with machine learning

 

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