LONDON--(BUSINESS WIRE)--Quantzig is one of the world’s foremost providers of advanced data analytics solutions with business units spread globally. Our advanced analytics solutions and domain expertise empower us to look for insights in complex, unstructured data sets from disparate sources. With the new digital economy creating significant disruptions and new opportunities, our global team of over 300+ analytics experts works with leading companies to help master digital transformation, drawing on our deep domain expertise and understanding of factors impacting business growth. Our insights have helped leading Fortune 500 companies to achieve better success rates by adopting the right technology and digital solutions to drive innovation and competitiveness. Request a FREE one-on-one platform demo to learn how our claims data analytics solutions can be tailored to your specific business requirements.
Engagement Overview:
Insurance companies usually operate in a very high competitive market which is governed by stringent rules and regulations and constantly rising customer expectations. Apart from keeping up with the insurance industry trends, insurance providers must focus on claims management and processing. Predictive analytics in insurance claims uses previous data to identify patterns to predict the upcoming trend.
Our cutting-edge, claims data analytics solutions enable insurance companies to improve customer satisfaction rates. Get your FREE customized proposal to know how we can help you.
The Problem:
The client was looking forward to gaining visibility into their claim operations. They approached Quantzig to leverage advanced claims data analytics solutions to identify the potential high-risk claims . Key challenges that the client sought to overcome included:
- High turnaround time
- Unintegrated data sets
- Extensive calculation work for claim metrics
For an in-depth analysis of your claims processes and the role of predictive analytics in insurance claims request for more info.
Value Delivered:
Quantzig’s claims data analytics engagement combined analysis to classify the types of claims. To meet the requirements of the client we analyzed a variety of data sets including payment details to the tenure of claims using claims analytics.
Quantzig's claims data solutions helped the client to:
- Improved claims processing efficiency
- Predicted high-risk claims
- Enhanced customer retention rates by 47%
“Claims analytics is an important solution for every insurance provider across the globe that deals with economic uncertainty in the global market,” says a claims data analytics expert from Quantzig.
Over the past 15 years, Quantzig has helped Fortune 500 companies solve some of the toughest business problems using a unique combination of design thinking frameworks, plug-and-play innovation accelerators, and an army of agile decision scientists. Want to know more? Contact us for a free pilot.
About Quantzig
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal
