Transform Data into a Strategic Asset with our Data Services
Make data smarter and gain a competitive edge for your business. Our Data Services enable insurers to transform untapped data into actionable intelligence.
We simplify data modernization and migration for leading carriers — helping them convert data into a strategic business asset for improved analytical capabilities.
Our services ensure streamlined data migration from legacy to new databases with minimal or no disruption. We also guide insurers in establishing an enterprise-wide view of data built on a foundation of robust governance, privacy, and cybersecurity practices.
For us, data modernization goes beyond technology transformation. Get ready to unlock a world of cognitive insights — make informed decisions, proactively detect hidden trends, amplify market potential, and more. Explore how quality data can supercharge your operations and drive efficiency.
Our Data Services for Insurance
Advanced Data Analytics for Informed Decision-making
How can insurers enhance risk appetite and expand into new markets while maintaining a competitive advantage? By channeling insights from vast organizational datasets into two focus areas – better underwriting (UW) selection and enhancing UW profits. Only through better risk selection and accurate pricing of each policy can carriers achieve the two goals and create new market potential. Our advanced analytics-enabled decision process lets you make informed business decisions for sustained success.
Discover how insurers can unravel new growth opportunities with our Advanced Data Analytics services:
- Leverage advanced analytics to segment your policyholders for accurate pooling of risks — enabling data-driven risk pricing strategies.
- Get a real-time view of risk and exposure data with our dashboards — to assess loss ratios and detect emerging regional and global risks with a sharper focus.
- Develop cutting-edge solutions powered by real-time data, like micro-insurance and parametric products.
Predictive Modeling for Smarter Risk Analysis
Reimagine risk assessment and insurance pricing with next-gen Predictive Analytics. Deploy advanced analytics to transform historical claims data, customer demographics, and behavioral patterns into business insights.
The result? Predict policy renewals for proactive retention strategies. Hyper-personalize communications and offers to drive cross-selling & upselling opportunities. Foster advantageous customer relationships through targeted engagement. Harness the power to do more.
Supercharge customer experience with our Predictive Analytics services:
- Detect risks with unmatched precision, leading to more accurate pricing and reduced losses.
- Identify high-potential market segments primed for success.
- Minimize losses that occur from underpriced policies for high-risk customers.
Enhancing Sales, Distributions, and Claims for Accelerated Business Growth
Bring a transformative shift to claims productivity and revenue generation by harnessing powerful data analytics to strengthen your strategies.
HTC helps agents and brokers augment their sales cycle, enhancing the visibility of producers and underwriters to convert their prospects into customers more effectively. We also help insurers leverage best-suited algorithms to analyze claim validity, estimate damages, and make faster settlement-amount recommendations.
Scale your business with our state-of-the-art innovations to minimize manual interventions, errors, and inconsistencies — resulting in more accurate and efficient insurance operations.
Shift gears from traditional data collection with our expertise in automated, data-centric, and analytics-driven approaches.
Sales and Distribution
Streamline your operations and free up valuable time for agents with our Sales and Distribution services:
- Real-time sales activity tracking with AI-driven insights for enhanced strategizing and decision-making.
- Drive proactive at-risk customer engagement initiatives to reduce attrition rates and improve customer retention.
- Deep dive into customer preferences and behaviors to boost sales conversions.
Claims
Automate and accelerate various aspects of Claims Management with our advanced services:
- Leverage predictive analysis to identify patterns and anomalies indicative of fraudulent activities.
- Flag and investigate suspicious claims through our custom models early on in the process and reduce potential losses while ensuring the legitimacy and timely resolution of claims.
- Utilize our data analytics programs to identify claim trends and bottlenecks and gain deep insights.
- Deploy intelligent insights to improve operations, optimize resource allocation, eliminate inefficiencies, and achieve long-term business goals.
The HTC Advantage
At HTC Global Services, our specialization of sophisticated data transformations has put us at the forefront of a data revolution. Our consolidated efforts in that direction have rendered us the trusted partners of insurance organizations worldwide.
Decades of expertise
Our team of specialists brings remarkable experience to navigate the intricacies of the insurance industry confidently. Our cognitive approach to data and analytics enables us to deliver robust and futuristic solutions.
An integrated approach
To power connected experiences, we have built a diverse portfolio of insurance solutions that convert structured and unstructured data into influential business insights.