CTI’s predictive models for insurance industry analytics mapped to key performance indicators make implementing behavior-based segmentation efficient, accurate and precise.Predictive analytics can analyze past claims, as well as other records to predict future client expense leading to proper pricing decisions, which can help mitigate future risks.
Monitor and analyze operational profit/loss through any number of financial metrics including staffing levels, transaction volumes, products sold, complaints, refunds and error corrections. Ensure compliance with insurance industry regulatory requirements.
Analyze products and services portfolio to existing and new customers. Gain deeper insight into portfolio risks, exposure and overall profit margins. Maintain and monitor customer actions and life events that impact purchase/sale of financial assets.
Evaluate loss impact from internal risk exposure from employees, inadequate systems, or failed processes. Better understand, identify and manage customer exposure levels through analysis of purchasing trends, account activity to identify mistakes, credits risks and identify theft.