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Using Data To Illuminate The Intentionally Opaque Insurance Industry

Data Engineering Podcast

Summary The insurance industry is notoriously opaque and hard to navigate. Your host is Tobias Macey and today I'm interviewing Max Cho about the wild world of insurance companies and the challenges of collecting quality data for this opaque industry Interview Introduction How did you get involved in the area of data management?

Insurance 162
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Retain Customers with Faster, Friendlier Claims: 4 Strategies for Insurers

Precisely

Key Takeaways: In the insurance industry, customer satisfaction has a direct impact on your bottom line. For insurers, this decline is a serious concern, especially in an industry where customer loyalty and retention are vital to profitability. Most customers don’t think about insurance until they file a claim. Power report.

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16 Ways Insurance Companies Can Use Data and AI

Snowflake

To learn more about insurance data trends, download the full ebook. With all the data at their fingertips, actuaries and data scientists are empowered to more rapidly model frequency, severity, loss cost, and enable insurance product managers to file new rates with regulators.

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Real-Time Insurance Claims Processing With Confluent

Confluent

Learn how companies are using Confluent to implement stream processing architectures that accelerate insurance claim validation, assessment, and settlement.

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P&C Insurance: Optimize Your Onboarding Experience

Precisely

A new customer’s experience with your company might well have started with an independent agent or broker, but once the sale is complete, the insurance carrier is responsible for delivering a satisfactory onboarding experience. That, in turn, makes it hard for insurers to adapt quickly to changing needs and customer expectations.

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Insurance Organizations Depend on the Quality of Their Data

Precisely

Insurance is an inherently data-driven industry. Insurance carriers have far more powerful tools at their disposal than in the past, enabling them to more accurately profile their customers, evaluate risk, and drive new business. Nearly a quarter rated their company’s performance as superior to that of other insurers.

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Revolutionizing Insurance: Optimize Your Claims Process to Drive Customer Satisfaction and Retention

Precisely

Key Takeaways: Insurers provide better customer experiences with claims processes that are simple, fast, empathetic, and deliver proactive communication throughout. For most people, insurance is a safety net that remains out of mind until it becomes necessary – typically when an incident occurs and they’re filing a claim.