DecisionMinesTM: A Data-driven Solution for Insurance Risk Management
and loss of
Rising customer demands
and insurers’ reliance on
commonly adopted trends
is a big threat
Prescriptive Risk Management Solutions
Steve Mark| CRO
Decides whether applicants should be provided with insurance; continuously monitors the business for risk management.
Revenue per Policy Holder | Loss Ratio | Claim Ratio
I want to predict the next big claim.
I don’t know the threshold below which I should not sell policies.
I want to settle claims faster.
Jane Marty| Claims
Deals with insurance-related paperwork; works with customers for their claims regarding personal losses.
Average Cost per Claim | Average Time per Claim
This process is too complex; the company is bleeding money!
Ben Park| Sales
Pursues customers for selling insurance products. Addresses customers' queries about their insurance policies.
Sales Target | Strike Rate
Which client do I meet first and for how long?
Which agent is suitable for which customer?