Big Data Solutions For Insurance Companies

Integrate data from multiple sources into one platform.
Benefit from an actionable single customer view.
Gain real-time & comprehensive insights into your data.

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Tackle challenges with data-driven approach

Customers want a personalised services. To accomplish this, data is key.
The big question that remains is how to optimise the flow of big data. How to structure data that enables insights, generating revenue and lowering operational costs.

It requires dealing with large amounts of data and intricate regulations.
This data is located in CRM, quotes, claims and external systems. Because data isn’t centralised, there’s no single customer view or full customer profile.

This results in the inability to offer a tailored customer experience, missed sales opportunities and loss of revenue. Such as not identifying opportunities for up-selling and cross-selling. Generating higher operational costs due to inefficiency.

Big data also helps mitigate risks and detect fraud. Calculating risk by collecting data on the probability of natural disasters, driving behaviour, lifestyle, and more. Helping insurance companies offer the best policy with the lowest risk.
How data can help insurances tackle challenges

Boost your business with DataOps solutions

how DataOps approach increase efficiency of insurances
Using the DataOps approach makes data accessible to the right people,
saving more than 50% of their time on finding and gaining access to data. And reduce the 80% of their time they spend on organising big data by 40%. This way they can focus on what really matters: gathering the right insights that help you make profitable decisions.

Research also shows that smart data solutions increase revenue with a reported average of 13% increase and reduce operational costs with a reported average of 16% decrease (BARC, 2015).
 
Implementing a DataOps approach will enable you to:
  • offer a personalised service thanks to single customer view,
  • implement accurate risk management and fraud detection,
  • clearly identify of up- and cross- selling opportunities, and 
  • accelerate claim processing and lessen administrative workload.

Tengu’s solution: more than just a platform

Unlike other data solution providers, we believe it’s not just about the technology, it’s about the convenience of the users. We help companies to better understand their data needs and how to handle this flow of data.
  • Ideal quality-price ratio: next to Tengu, our Platform-As-A-service solution, we offer services like workshops, custom development, in-house training and many more.
  • Expertise: our team are experts in data operations and together with the DataOps community, that we're building, we'll solve any challenge with a data-driven approach. Discover our customer success stories below
  • Convenience: we help you become data-driven, with increase the efficiency of your data profiles and above all, make your data most useful.

Learn more about how we manage big data in the insurance sector below.

How Tengu can help you as a partner

Next steps to success

Schedule a call to learn more about our Insurance Solutions.
We would be happy to discuss the benefits for you specific use case.