No one covers Insurance Analytics the way we do!
GrayMatter’s IA+ is a comprehensive solution addressing enterprise-wide BI & Analytics needs of insurance businesses, both life and non-life. The solution is role-based and meets needs for business insights across levels in every department of an Insurance company.
IA+ is a pre-built solution with a 4 weeks delivery promise made possible due to our pre-built life and non-life data models, extractors, KPIs, dashboards, reports, queries. The data model is built on industry standard, ACORD principal. The solution consists of 7 modules, 24 sub-modules, 25 dashboards, 150+ KPIs and 10 predictive models.
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Modular Proposition
The modular design of the solution ensures coverage of specific sub-functional areas within Insurance business. The image below depicts the IA+ modules and the value proposition of each of the modules
Sales & Distribution
Improves new business, Renewals & Agent’s productivity thro’ effective management of distribution channel
Underwriting
Measures underwriter’s productivity through regular check on their underwriting efficiency
Actuarial
Improves product level profitability thro’ experience study of lapse, surrender, mortality, morbidity
Finance
Improves profitability from premium income by analyzing Value of New Business (VoNB) from each product line
The IA+ Advantage
IA+ has been successfully implemented for global insurance firms, with remarkably high return on investment. This high ROI is driven by significant business benefits like increased premiums, reduced claims losses, enhanced sales & distribution effectiveness and of course elevated customer experience.
The success of the solution is driven not only by its extensive breadth and depth of functional coverage but also due to the technical differentiators driving the advantages depicted in the adjoining image. It’s notable to mention that some of these differentiators ensure a total lower cost of ownership for Airport Analytics which in turn, contributes towards a higher ROI
Solution Snapshots
IA+ is a KPI-driven solution built on the 4Ws premise of what, where, when and why which ensures that the business user gets a complete picture of any business issue and can drill-down the root cause.
The solutions is equipped with extensive drill downs, slice-dice, collaborative features and also powered by the latest advanced analytics techniques which makes it an outstanding insurance analytics product
