Insurance Analytics

Become a data-driven Insurer to lower risk, better understand your customer, and increase profitability.

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We help Insurance companies use their data to provide the ultimate customer service experience while expertly navigating industry challenges resulting from a strict regulatory environment and intense competition.

With our end-to-end data and analytics solutions, Insurance companies better understand their customers, increase retention, improve risk assessment in underwriting, reduce the cost of claims, and identify new sources of growth.

Data and Analytics Services for Insurance

We’ll help you tie together Insurance data from all of your sources—sales (CRM), claims, and policy (underwriting)—to get a 360-degree view of your customers. We know a standard out-of-the-box analytics solution won’t provide the insights you need. We build intelligent, powerful insurance-specific dashboards so you can intuitively analyze KPIs like loss ratio, combined ratio, rate, retention, earned, and premium.

Risk Assessment

Analyze historical claims data to identify trends that help determine the risk applicants represent, and develop pricing in accordance with the risk.

Track Insurance Fraud

Easily identify and automate red flags during the application process so agents can determine course of action on policy issuance. Uncover trends over time and proactively avoid fraudulent claims.

Improve Customer Experience & Develop Customized Policies

Using analytics techniques like customer segmentation, we help you gain a more granular and nuanced understanding of customer preferences and behaviors to create personalized policies.

Claims Modernization

Marry claims and policy data to measure profitability. Mine claim notes for important and relevant information from adjusters. Optimize claim adjuster staffing models based on historical data and claim volume projections.

Featured Client Story: Captive Resources

With the implementation of the data warehouse and analytics solution, Captive now has a 360 degree view into their business and unified analysis of premiums, claims/loss history, pricing factors, member counts, and more.

What We Do

Analytics8 is a full-service data analytics consulting agency. We implement the best solution to transform your organization with data-driven decisions.

       

Implementation

Implementing new data and analytics solutions can be expensive and time consuming. Our team of experts will build and deploy the foundation, architecture, and data analytics you need to set your teams up for success.

Migration

Avoid business disruption by engaging our data analytics consulting expertise for the delicate task of moving you away from legacy data solutions, and fast-tracking you to modern cloud-based platforms that promote innovation.

Data Team as Service

Fill talent gaps at any level within your organization and get ongoing support from our highly specialized team of data experts, including CDOs, data engineers, data architects, project managers, and business analysts.