Insurance is a game of numbers. How often does someone get sick? What is the likelihood of a natural disaster in a specific ZIP code? How do other demographics impact risk?
The Aster Data analytic platform uniquely capitalizes on the opportunity to recognize deeper insights so you can target the right customers, with the right products and offers, at the right time, in a differentiated way.
- Policy pricing engine – business rules and models based on risk scoring of individuals against current book of business.
- Customer retention – identify customer characteristics that best predict risk of churn in order to take proactive steps to retain valuable customers.
- Re-insurance risk assessment – improve models used to determine optimal reinsurance levels
- Loyalty campaign targeting – create more targeted and personalized offers by deeply understanding your customer micro-segments.