Insurance frauds are a common incidence. Using or platform in insurance, companies can keep track of past claims made by a client and the possibility of her claims being fake.
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Track customers in order to predict and calculate risks
Match the variables in every claim against the profiles of past claims
Personalized offers to their customers based on their preferences
Get the best of both worlds
Acquiring a comprehensive understanding of customer behaviors, habits and needs from various sources is very strategic for insurers in order for them to anticipate future behaviors, to offer relevant products and to identify the right segmentations.
Enabling customers to get their prices for the drugs under their insurance plan at the location requested, when they get their medication from a physician.
Improve fraud detection and criminal activity through data management and predictive modeling.
With the help of real-time analysis, insurers now can make daily adjustments to premium rates, premium strategies and underwriting limits by combining internal data with external data.
After gaining a full understanding of customer behavior, insurance companies became more efficient in offering targeted products and services.