INSURANCE ANALYTICS TOOLS

Insurance Analytics Software & Use Cases

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Fraud Detection

There is roughly $30 billion lost annually to insurance fraud. In an effort to overcome fraud, waste, and abuse, many companies are turning to data analytics.

Customer Acquisition & Growth

Insurance companies harness analytics to provide customers an expedited application and quoting workflow.

Risk & Compliance

Reduce manual effort and increase effectiveness of fraud detection processes.

IoT

Integrating new data sources and synthesizing new data on the fly can enhance an organization’s decision-making.

INZATA FOR INSURANCE

TURNKEY INSURANCE ANALYTICS
BIG DATA FOR INSURANCE COMPANIES

The Power of Real-Time Performance

Your insights and queries are more most valuable if they get to you in time. In a competitive market where leads convert or abandon in seconds, having the speediest insights makes a huge difference. Inzata’s real-time capabilities and support for connecting to streaming data sources for analysis means you always have the most up-to-the minute information.

THE POWER OF INSURANCE ANALYTICS

How Much Is Your Data Worth?
What’s your Data Opportunity?

The insurance industry definitely has plenty of data. A single claim could have dozens of demographic or firmographic data points to analyze and interpret. A single policy could have dozens of individual attributes depending on what is being insured. Data enrichment, which has become more and more popular, can increase these data points into the thousands.

However, as insurance companies succeed and grow, datasets become increasingly large and complex. Often these are locked inside massive policy and claims management systems which do a great job of storing and maintaining the data. These do a great job for looking up individual policy records and claims, and of course handle billing and renewals quite well.

bi software, Data dashboards, interactive dashboard, reporting dashboard, business intelligence tools

RESOURCES

data monetization insurance

Monetizing Your Data in the Insurance Industry

| Data Monetization, Industry, Insurance | No Comments
"One way to future-proof a business in the insurance sector is to lean on data monetization software."   As the insurance industry changes alongside a number of social and technological…
insurance data analytics

How to Accelerate AI in Insurance Data Analytics

| Artificial Intelligence, Data Analytics, Industry, Insurance | No Comments
Mastering techniques around Insurance data analytics, knowing what data to get, and how to analyze it, greatly streamlines many of the most expensive insurance business processes. "The United States is…