Insurance Analytics Suite, (insurance BPM platform) now available on subscription. Users can access the platform directly through the company website.
Online PR News – 19-September-2020 – Mumbai – Insurance Analytics Suite is Pentation Analytics’ award winning and proprietary Business Process Management (BPM) application – specifically designed for the Insurance Industry. The product is available as ‘Software-as-a-Service’ edition and can be subscribed online through the company website. The platform’s easy-to-use design enables the shift of analytics processes from Data Analysts to the Business Owners.
About the Product
Insurance Analytics Suite consists of modular workflows. These workflows enable Insurance Carriers, Insurance Brokers, Banks, Loan Companies and Mutual Funds to add value to areas of customer retention, cross & upsell processes and claims estimation using AI and ML technologies.
The Customer Retention module can be utilized by underwriters, operations, contact centre and front end teams to increase customer retention. The module offers predictive insights around Risk of Attrition and enables automation of renewal notice generation.
The Cross Sell module enables identification of latent customer needs, quantification of protection gap at the level of an individual customer or a business entity and execute effective cross and upsell campaigns. The campaigns are personalized using customer specific report cards.
The Claims modules enable automated claim settlement by using Deep Learning, to detect the extent of damage. This reduces the claim settlement turnaround time and eliminates errors/biases induced by manual interventions.
About Pentation Analytics
Pentation Analytics is an Insurtech company based out of Mumbai, India. The company commenced operations in October 2015. The company has been promoted by professionals from the Insurance industry who believe that an Insurtech based approach has the potential to address core problems faced by the industry. In all, the founding team has more than 70+ years of Insurance industry experience.
The company was selected to participate at the Hartford Insurtech Hub accelerator in 2018.
In March 2020, Pentation Analytics Middle East was incorporated to focus on business development for the MENA Region.
For more information - please visit the company website http://www.pentationanalytics.com