The combination of three technologies—cloud, mobility and advanced analytics—is transforming rules of the game, we believe insurance companies can transform looking at the cloud, in conjunction with other technologies, to drive two fundamental changes of reinventing the business model and redefining the core competencies, to offer new value added that go beyond the confines of the old insurance model, and then to build new networks of partners creating direct, multi-channel relationships with customers, with the goal of exchanging value for real-time data to accurately gauge risk.
Integrated and extensible insurance solutions built on a flexible business analytics framework and insurance-specific data model to speed up both the implementation and results, giving you a fast track to significant ROI.
1) Lai’s Fraud Management Solution Framework for Insurance:
- To Detect, prevent and manage Fraud claims across all lines of business
2) Lai’s Risk Management for Insurance:
- To Perform risk analysis and risk-based capital calculations for Solvency
3) Lai’s Insurance Analytics Architecture:
- To ensure consistency, reduce costs and to make fact-based decisions
4) Lai’s Customer Analytics for Insurance:
- To Lower costs for acquisition, improve retention rates and increase profit share
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