Insurance Business Intelligence and Data Analytics
Overview
Mindtree's Insurance Business Intelligence offering focuses on transforming performance measurement and management through a comprehensive set of Insurance KPIs across functions in an Insurance enterprise. Supported by a reference Industry data model and visualization samples, the offering helps accelerate the data strategy execution for Insurance enterprises. Mindtree has experience of implementing and managing Enterprise Data warehouse & Analytics solution and Business consulting to define data strategy and performance measurement framework for large Insurance enterprises.
Key Features
Mindtree’s Insurance Analytics framework provides a comprehensive set of Insurance KPIs to analyze data and enable decision making across the major functions in an Insurance enterprise. Visualization of Insurance Analytics is enabled through Decision Moments, Mindtree’s Analytics solution and a reference Industry data model. Mindtree’s Analytics framework has 200+ KPIs across the Insurance value chain and Data model has 250+ facts and dimensional entities.
In addition Decision Moments provides 25 + analytics algorithms to enable predictive modeling for select industry problems like Customer segmentation, Cross Sell & Up Sell, Lapse propensity, CLTV, Customer Churn, Fraud management, Claims reserving etc.
Key Benefits
Benefits of Insurance Business Intelligence offering:
- Transition from traditional reporting to on-demand data driven forecasting
- Integrated Enterprise data platforms
- Integrated and enriched view of customers and producers
- Improved decision making