Insurance is an industry overflowing with data, but few organizations know how to properly leverage those assets. Although insurance has been one of the early adopters of analytics, through actuarial sciences, those teams have largely been siloed. There are a multitude of opportunity areas for leveraging analytics to improve operational efficiency, customer experience and profitability. These opportunities include:
- Advanced Budgeting
- Pricing Models
- Customer Retention Models
- Customer Segmentation Models
- Tailor-made insurance products
Many insurance companies have very old legacy analytics systems, many of them powered by SAS, a software product developed in the days of the Apollo moon landings. Our SPROCKET Automated SAS To PySpark conversion service can quickly bring your organizations analytics into the 21st century.