"Data mastery", which includes business intelligence, ranked among the top three projects that delivered the highest return on investment in a CIO/CTO survey conducted by Celent Communications Inc., Boston.
It is this field of business intelligence that utilizes data informatics for assessing core areas of businesses such as risk assessment, underwriting, new product development, claims, and customer service.
The insurance industry must utilize data more strategically than it has done so in the past. Factors such as data warehousing and data analytics must be applied in order for business intelligence to be relevant to the insurance market’s ever dynamically changing scenario.
Many insurance companies are dealing with legacy computer systems that work well on their own from a process standpoint but are extremely difficult to run with respect to data sharing and integration. In addition to the above mentioned intra-institutional data integration issue there is also the problem of inter-institutional data integration which has arisen as a result of many insurers growing as a result of mergers and acquisitions. As a result data pertaining to the parent companies has not been integrated or streamlined effectively enough from disparate systems into one central location such as a data warehouse.
Advanced analysis of data has several benefits in addition to the above:
At Outsource2india, we have the necessary technology, advanced data analytical capability and domain expertise -based business intelligence that creates high-levels of measurable business value to customers.
We have a number of expert data analysts, including Ph.D. statisticians, mathematicians, life science experts, and various other highly qualified professionals. Technical analysts and data entry operators provide support and have the skills to provide required technical assistance thus enabling high grade and high yield marketing and data informatics services for the insurance industry vertical.
The overall cohesiveness and talent of our team will analyze your insurance data and will develop analytical approaches that will optimize your insurance processes.
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