Give Insurance Risk Management the Analytics Edge

DecisionMines^TM: A Data-driven Solution for Insurance Risk Management

The advent of digital technology in the insurance industry is changing the way in which traditional insurance companies are engaging with their customers. The competition has intensified as new-age companies leverage technologies like machine learning to gain an edge over their traditional counterparts. Moreover, data saturation and a dynamic regulatory framework mean that opportunities in the financial risk management ecosystem can be fleeting. To stay in the game, insurers will need to plug in to both their internal reserves and the ecosystem, and harness the power of data in their day-to-day decision making. DecisionMines^TM is a solution that leverages both predictive analytics and prescriptive analytics—the former helps decision makers preempt threats and opportunities, and the latter prompts them to take smart actions.