Predicting the possibility of fraudulent incidence occurrence through smart solutions.
About the Industry
Improved technology has impacted the insurance industry drastically. Digitization has incredible potential for insurance companies, and that is why many small and mid-sized firms are capitalizing in digital space. With the smart transformations taking place, the focus has mainly shifted from service to customers. Improvements in the risk mitigation model have resulted in cost efficiency, along with better brand architecture.
As per the recent trends, the analyzed data are capable of improving the performance of the operations that run back-end. The transformation from a legacy system to a usage-based insurance model is the best example of system modernization. Security is a priority today, and that is why the industry has extensively deployed cybersecurity measures. The market forecast suggests a better tomorrow for the industry.
About the Client
Our client is a renowned Africa-based insurance firm. The company offers property holding and financial services to major enterprises. The organization also works with asset management and the maintenance of property portfolios.
The client is a leading financial services group with a strong presence in 24 countries across the African continent. Along with major banking services, the investment portfolio of the organization is also robust. As a part of business revamping, they are looking for expansion across major geographical areas.
The Business Challenges
Our client was facing challenges that impacted their daily engagement. Some of the weak areas that we identified are as follows: –
Our Big Data experts automated the demand forecasting model of our client and analyzed the data obtained from multiple parameters. ...
February 14, 2020
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