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Using all data to really know and engage customers & agents and manage finances and risks
In a constantly changing regulatory and economic environment, how do insurance companies
remain profitable, compliant and in touch with customers? If insurance companies’
data is scattered throughout their organization, there may be no single source of
reliable information. Data integration provides the insight to drive insurance pricing
and product decisions, ensure compliance with regulatory mandates, process insurance
claims faster while detecting fraud, and communicate more effectively with insurance
agents and customers. Reduce business risk with data-driven strategies that harness
the power of your data.
Telematics – Opportunities, Challenges & Threats for Insurers
Insurance companies are faced with mountains of data, often stored in silos. The
firms which incorporate robust data infrastructures to create a single view of their
data are at a distinct competitive advantage over other insurance companies. Teradata
solutions build agility and integrity into your data model, driving successful business
outcomes throughout the organization.
Learn more about Teradata’s Framework for Creating Next Generation Analytics for the Insurance Industry.
A single, integrated view of your data enhances understanding of customer behavior
and uncovers unmet insurance needs. Your ability to communicate is improved, leading
to profitable interactions and new avenues for cost reduction and efficiency. In
addition, insurance carriers with a full view of their data gain enterprise-wide
insights into their marketing, sales channels, insurance claims, underwriting, finance,
risk and compliance areas which increase customer retention and profitability.
Customer-centric carriers are able to:
Learn more about Data-Driven Strategies for Selling and Renewing More Insurance Policies
Contact us for insights into your insurance business and data management needs.