Turn data into new sources of competitive advantage by facilitating data driven insight to improve both the decision-making process and the efficiency of your processes, as well as to create new products and services.
Strategic initiatives in business intelligence that make the difference operate on three levels: trust, leverage then advance with data. Begin by putting in place a clear data governance path to ensure the organisation relies on good quality and complete data available for every level of the business. Change management is a people-first critical aspect to consider right from the start. Then work to have data in one place as well as the tools that are user-friendly and simple to understand. Finally, data must be able to measure performance and drive a general understanding of trends to make the right business decisions in the future. The ultimate goal is to achieve a competitive advantage through integrating data into your operating model.
Discover data analytics solutions that can help you make smart investments, focusing on reduced data point complexity to deliver business insights and identify growth drivers. Analyze the overall financial results including sales, cost, profits and more from different tables. Migrate from traditional reports to advanced platforms such as Microsoft Power BI, Tableau, Qlik and many others which will provide interactive visualizations and a holistic view of your most important data.
Deliver a winning customer experience with improved segmentation and targeted solutions that can enhance the accuracy of risk estimations in underwriting, thus reducing the cost of claims and identifying new sources of sustainable growth. Predictive Analytics is both revolutionary and evolutionary in the context of an insurer’s three major business areas: marketing, underwriting, and claims.
Business Analytics for Marketing
Business Analytics tools enable to prepare segment-wise reports, according to which marketing teams can determine where to concentrate resources.
Marketing Mix Optimization
The 4Ps of marketing: product, place, price and promotion help sales managers determine the right mix that can result into optimum sales.
Business Analytics for Underwriting
Precise Pricing, Enhanced Value
In the new Underwriting paradigm, the actuary can complement traditional questions with scientific questions that drive better risk decisions.
Real-time Analytics with big data
Faster screening of new claims: analyze past customers and customer groups in order to establish a screening model to measure new applicants against.
Business Analytics for Claims
Analyze trends to identify and predict future fraud activity by individuals and groups.
Assess claims by size of settlement, allocating internal resources to higher priority claims.
Improving Decisions in the Claims
There are many decision points across the claims management process that can benefit from the foresight that predictive analytics provides.
All of the above benefits are part of the same foundation that makes your organisation successful. Utilizing data to strengthen these organisational pillars can ensure the long-term success of your organisation.
If you are looking for a strategic partner that can help you narrow down your focus, create custom visualizations, automate reporting, and enable your end-users, learn more about our Data and Analytics solutions.
We're gearing up for the Digital Claims powered by The Insurance Network on April 28th, 2022, in London. Softelligence will sponsor the ESG and claims session and our experts will explain how to develop a successful strategy using AI-driven claims management.read more
Are you studying computer science or computer engineering in Craiova? Or maybe Informatics? Apply for the new edition of our Software Engineering paid program dedicated to students based in Craiova. By applying to this program you will have the opportunity to train with senior architects in modern software practices and career development, develop technical & teamwork skills, and by the end of this program start a career in IT and have a clear vision of what it is like to build software that matters.read more
One of the most important qualities of a leader is vision. In any business process and decision, when all other requirements are met, it is the vision that makes the difference and influences the choice. Find out more in the interview below about why is the vision important to achieve excellence in an interview given to Florentina Caraiman for Revista Cariere by Adrian Blidăruș, CEO of Softelligence.read more
Human-Centred Design is most often defined as a process or approach, commonly used in design and management frameworks that develop solutions by involving the human perspective in all steps of the problem-solving process. But what does it mean to “resonate” and to “co-respond” for a company that offers AI-based solutions, not just at the internal level, but also at the external level?read more
Humanity is about kindness and solidarity. About life and hope. Softelligence joins the Red Cross campaign “Humanity has no borders” and supports people fleeing the terrible war in Ukraine.read more
We’d love to hear about your plans for transformation.
Use the form below to send us a message, and we will get back to you within 24 hours.
New Broad Street House, 35 New Broad Street, London, EC2M 1NH
4D Gara Herastrau Street, 2nd Floor
Building C, 020334
+40 31 425 19 08
30 Stirbei Voda Blvd,
Malmo Business Center, 200423
+40 35 142 36 80