Existing customers are worth retaining. Organizations have the ability to cross-sell and up-sell to their existing customers, which is why these organizations must keep in mind a customer’s lifetime value.
Doing the math applies to just about every aspect of life. But love it or hate it, mathematics in the form of analytics and statistics offers a path to valuable insight that can enhance business value.
Are you looking for a way to grow your business? By proactively managing customer relationships through predictive analytics, insurance companies can retain customers and increase revenues through cross-sell and up-sell opportunities. Customer analytics give organizations insight into customer
Filing a claim is the single most important part in the relationship between insurers and the insured. It lays the foundation for customer satisfaction, profitability and positive word-of-mouth for attracting new customers. A “one size fits all” approach to decision-making won't be successful -
If your world is anything like mine, this week has flown by and, with it, a large and growing list of articles that I want to find time to read! To help, I’ve made a list of the articles that we might both be interested in.
Companies are looking for new ways to transform their business using data and analytics to get the insights they need to make the best decisions. Employees can start on the path to discovering business insights at the IBM Vision Conference.
The Internet of Things is providing organizations with new opportunities to expand their business offerings, grow and retain valuable customers, and improve existing processes to increase efficiency and reduce costs. With an estimated 24 billion connected devices by 2020, the Internet of Things
Safety Insurance Company had the common problem of too many databases. There was no single version of the truth, and this led to inconsistent answers across the enterprise. With IBM solutions, the organization now has one repository for all its data and the power to use big data to fight fraud.
What if you could alert drivers to road hazards or help them locate the nearest gas station or steer clear of high-risk areas around the world?
These are just some of the possibilities powered by IBM Big Data & Analytics. By capturing, connecting and analyzing real-time information from
Detecting those who try to deceive for gain can be a challenge. IBM Identity Insight for Insurance can give organizations a technology-based advantage to outsmart the fraudster, the criminal and the nefarious in spite of their attempts to threaten and defraud.
Get more info on IBM InfoSphere
For insurance companies, the integration of big data and analytics solutions with telematics technologies offers important opportunities to extend the use of telematics data beyond usage-based insurance (UBI) and improve competitive differentiation.
The Internet of Things (IoT) is the result of the convergence of technologies that have emerged over the last 20 years. We now live in an era of connected cars, connected homes and connected lives. The IoT is disrupting many industries, including insurance. For insurers, the technologies that