In the aftermath of the recession that started in 2007, it is critical for insurance companies to exhibit financial strength in an increasingly tough economic climate. Financial strength assures consumers that they are making financially responsible investment decisions. But it also means a tight risk control.
The solutions of AdviceRobo will help insurers to better understand their consumers’ behavior and associated risks.
Advanced claim and fraud predictions
Finding fraudulent applications continues to be a difficult challenge but is the only way to keep fraudsters off the books. And once these are in your books you’ d like to know when a fraudulent claim is done. AdviceRobo can design special algorithms to predict these types of transactions. It applies the behavioural data of your customers and will enrich it with external data to increase the accuracy of the predictions. It will enable you to focus on the suspect transactions, saving money and time and focus the energy on the right customers.
Would you not like to know your customers better to serve them in a truly personalized way? The psychographic scoring of AdviceRobo will give you valuable insights on the financial attitude of your customers. The scoring of your customers is easy. With the scores AdviceRobo will analyze the actual behaviour of your customers. In a RoboStorm we will share the results and explore the strategies that can be derived from these.