The insurance industry is full with information that are prepared for reporting and analytics – Claims, policies, premiums, and pay outs. However, it has been a challenge to prepare partners in your organization for adequate analysis and utilization of that information in a timely manner. Every day, senior executives in the insurance industry are meeting with the issue of making complex and business-critical choices that consider a wide array of performance metrics and market knowledge. Bilytica Mena Insurance Analytics provide with collaborative reporting tools that integrate the historic data and provide quick insights to estimate future percentages. The reports generated are customizable as per your needs and wants.
Fraud detection is also a unique added feature of Bilytica Mena’s Insurance Analytics. With the help of numerous visualizations, Bilytica Mena Insurance Analytics helps you in delineation the outliers and any kind of doubtful data patterns in a schematised and timely manner. It reorganises the data which depicts out-of-pattern behaviour and immediately take actions in order to resolve it. Dashboards are in the users’ approach 24/7 and provide dedicated filters to find claims that fall outside regular bands, focusing your investigation in an identified direction. Constant monitoring of positions, be it, claim processing, claim patterns, fraud detections, forecasting and etc. Bilytica Mena Insurance Analytics provide assistance in the generation of reports which are used for profits comparisons which is also an essential part of the business organizations in order for them to make strong decisions. These reports generated ,not only highlight the lowest and highest pay outs but also group codes alphabetically to govern a region of interest.
We can help you in:
- The understanding how your business organization is performing.
- The Investigation of the claims patterns to identify probable fraud.
- To Monitor claims dispensation status.
- The Generation of the reports for revenue comparisons.
- The Creation of the estimating models that help you intuitively explore situations.
- The Evaluation of the general portfolio risk profile with in a single dashboard.