IBM Business Analytics solutions for Insurance
Customer retention and growth
Gain deep insights that anticipate customer needs, improve effectiveness of marketing and cross sell programs, prevent valuable customers from leaving with retention programs, and improve policy profitability based on fraud risk and lifetime value.
Fast track claims and reduce reserve requirements by predicting the complexity, severity and likelihood of fraud, and give executives a clear view of business and financial performance.
Risk and compliance management
Better understand and communicate risk across the enterprise, integrate risk insights into daily decisions, and address regulatory compliance requirements with IBM OpenPages and Algorithmics, risk solutions.
Sales performance management
Take control of your sales channels by improving compensation administration efficiency, aligning producer behavior with organizational objectives, improving visibility into agent compensation, and reducing exposure to incentive compensation regulatory breaches.