Pricing
Insurance companies are facing a difficult macroeconomic environment, rising catastrophe losses, and a tight regulatory scenario against the backdrop of a demanding customer. Predictive models offers a statistically reliable, sound, and rule-driven method to improve underwriting and pricing decisions. Our solutions in Pricing analytics is Underwriting Risk.
Need
To achieve the optimal pricing there is a need for calculation of fair price for the asset underwritten, inclusion of profit and inflation effects and adjustment for market factors and competition.
Impact
Optimized workforce allocation to the right store at right time helps to meet the corporate productivity goals, gain sales, improve the customer experience and store performance. It also helps in major reduction in cost due to better planning of resources – in terms of their allocation time and space standpoint.
Case Study
Customer Lifetime Value
Affine’ s holistic framework helped to reduce the churn rate and maximize customer acquisition
Campaign Management
Designing campaigns for customers across lifecycle that focus on improving product adoption, customer retention and product / subscription upsell
Market Mix Optimization
Media mix model helped allocate budgets to marketing channels and achieve targets
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