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Solutions for data and analytics

Case study - IBM creates a virtual office for Reliance Life : The Virtual Office would increase accessibility and reduce redundant processes and procedures, increasing Reliance Life's ability to react instantly to customer demands. - Learn more


Business performance transformation
Claims
Data and analytics
Distribution channel management
Life insurance core system
Non-life (P&C) insurance core system
Risk and compliance
Sales and customer service



Insight. Delight.

How well do you know your customers? Claims status and history. Channel preferences. Individual profiles. Gathering and leveraging this information is the key to personalizing your relationship with each customer. By analyzing this data, you can also offer new products and services to help increase the value of every client. Center your resources—people, processes and technologies—around your customers.



Insurance data and analytics offerings



Insurance data and analytics solutions from IBM provide business expertise, as well as software and hardware designed to help you identify customer segments and potential sales opportunities. By providing a single customer view, your company can leverage up-to-moment customer data. Optimize face-to-face and self-service interactions, improving the customer experience across channels and supporting enterprise business functions, such as underwriting and claims. Also create differentiated marketing, sales and service approaches and then measure the success of these strategies.

Insurance data and analytics solutions are designed to help profitability, revenue and customer satisfaction by enabling you to:
  • Segment and analyze customer value.
  • Generate tailored cross-sell and up-sell opportunities.
  • Provide a level of service proportional to the customer lifetime value for effective retention.
  • Measure the impact of the deployment of marketing and sales initiatives using metrics such as lead conversion rates.
  • Strengthen relationships with agencies.
  • Generate a learning process that leads to accuracy and speed of response to market changes.
Insurance data and analytics offerings:
 
Customer data integration from IBM
Operational efficiency. Data quality. Improved customer service. Competitive positioning. Regulatory requirements. Cross-sell, up-sell. Insurance companies have many different reasons for wanting one view of each customer. Regardless of your motivation, IBM can help you integrate customer data across the enterprise.
 
IBM Insurance Information Warehouse
Insurance companies face formidable competition, but one valuable asset often underutilized is vast amounts of customer data acquired over the years. IBM can help insurance providers consolidate and leverage data—from across the enterprise—using proven architecture to build a data warehouse solution quickly and cost-effectively.
 




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