Insurance companies fetching tangible ROI using Analytics
Insurers are leveraging Analytics solutions to generate meaningful insights from customer claims to drive operational innovation. Analytics solutions like fraud analytics, risk analytics, credit analytics and predictive analytics help insurance companies to increase the rate of genuine claims and reduce fraudulent claims.
Tech Mahindra partnered with a global P&C Insurer to integrate fraud analytics that helps faster detection of false claims thereby reducing fraud related losses by 10% within a year of deployment. Service providers are bridging the capability gap by providing the enterprises with relevant analytics solutions to fetch tangible ROI.
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