INSURANCE ANALYTICS

EXL has more than 15 years of experience supporting carriers, reinsurers and brokers across all segments of insurance. This experience has allowed EXL to establish an expert team armed with an arsenal of proven and reusable data management and decision analytics assets to accelerate client initiatives, and gain deeper insights into business operations, product mix and risk management.

EXL brings to the table extensive industry knowledge, a strong, integrated network of analytics, technology and insurance experts to rapidly deploy the tools and techniques needed to accelerate insights.

INSURANCE FUNCTIONS SERVED

  • General management and product management
  • Actuarial - pricing and reserving
  • Catastrophe and reinsurance
  • Financial planning and analysis
  • Underwriting
  • Sales and distribution
  • Marketing
  • Claims
  • Operations management
  • Customer insight and advocacy
  • Sourcing and procurement
  • Human resources
 

Reduced loss ratio for a commercial client by more than 10% through better segmentation using newly available commercial bureau data, resulting in an $11 million gain.

 

Using a combination of advanced techniques such as text mining, natural language and predictive modeling within claims and unstructured data, EXL identified and prioritized Property Fire subrogation claims related to defective thermostats. The insurer can now identify claims in three hours and has pursued the manufacturer for a total recovery amount of more than $25 Million.

 

RISK MODEL ANALYSIS RESULTS IN REGULATORY READINESS FOR GLOBAL BANK

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FRAUD COSTS BANKS BILLIONS

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Address
280 Park Avenue, 38th Floor
New York, NY 10017

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