Insurance analytics software conducts analysis on insurance-related data. Insurance companies use insurance analytics solutions to drive customer interactions, reduce fraudulent activity (and detect it when it does occur), price their products, and automate product recommendations.
Insurance agencies leverage these solutions to inform strategic decision-making, identify potential opportunities for cost savings, enable the self-service of policies, and price premiums. Insurance analytics software carries out deep data analysis on customer and operational data, enabling organizations to become more efficient and effective.
Insurance analytics solutions connect to various data sources within an insurance agency. These solutions also typically integrate with financial services CRM software.
To qualify for inclusion in the Insurance Analytics category, a product must:
Policies. Premiums. Claims. Payouts. In the insurance world, every transaction is a data point ripe for analysis and action. Tableau makes visual insurance analytics available to anyone in your insurance company. Complex insurance datasets are no problem for Tableau, making it possible to explore in real time and react to change faster.
Through an easy-to-understand visual interface, Applied Analytics allows you to obtain powerful graphical business insights from your existing management system data to drive greater employee productivity and increase profitable relationships with clients and insurers.
Medical and Rx claims data analytics and benchmarking system. Pinpoint medical and Rx cost drivers and utilization trends for clients with accurate and actionable reporting and analysis. Uncover cost-savings opportunities. Integrates largest, normative data benchmarks in the US.