Thrive in an environment
marked by growing change
Many of the top Life Insurers trust InEdge
for their Analytics Solutions’ planning
The Life, Health and Annuities market has changed significantly in the past few years. Insurance companies have demutualized or consolidated and competition from the Financial Services industry has chipped away at the traditional customer base that Insurance companies have served for
In order to continue to thrive in an environment marked by growing change and competition, Life Insurance companies need to:
- Aim for the right combination of insurance, annuity, and investment products, as well as wealth management products and services to offer through their direct and indirect distribution channels
- Understand the speed of adoption in the Product Development stage
- Gain a clear idea of the source of funds in the Wealth and
- Understand clearly the expenses associated with the business on book as they underwrite new risks
The competition is also developing and implementing programs to manage customer and partner relationships more effectively. This creates a competitive edge in which access to information is the key to success.
Easy and timely access to information therefore becomes critical to the diversified Insurance company and is in fact a clear priority for many Insurance companies. It is also clear that Analytics in general enable ease of access to corporate data.
At InEdge, we understand the challenges the Life Insurance industry faces. Our work with Insurance industry leaders has led us to gain a deep understanding of its specific needs. We understand the particulars of risk underwriting, calculating renewal rates, insurance metrics and key performance indicators (KPIs) as they pertain to Life Insurance Analytics and Reporting solutions. We know how to design and deploy Life Insurers Analytics and Reporting solutions that are right for this demanding industry.