Automating Insurance Research Work Quality Of Analytical Data Through Data Mining
Global Insurance Market Information Provider
Insurance
London
COMPANY:
Global Insurance Market Information Provider
INDUSTRY:
Insurance
LOCATIONS:
London
About the Company
With more than five decades of experience in the insurance industry, the client is one of the global leaders in providing worldwide insurance market details. They have experience in researching industry intelligence related to employee insurance and benefits.
The client provides global insights regarding many insurance schemes and helps in strategic thinking and delivering results. They help to create communities for sharing knowledge and a wealth of experience that is related to insurance and personalized coverage.
The Problem
The client was struggling to keep track of the global compulsory laws. The constant updates and changes of the compulsory laws related to various insurance schemes took a lot of time and resources. Also, the client found it difficult to understand and do an extensive analysis of the coverage law related to worldwide insurance schemes.
Another challenge was regarding organizing and synchronizing each of the insurance laws. As each scheme of the law was different and involved various countries, the client needed an advanced tool to differentiate them and get necessary updates.
Problem Analysis
COMPANY:
Global Insurance Market Information Provider
INDUSTRY:
Insurance
LOCATIONS:
London
With more than five decades of experience in the insurance industry, the client is one of the global leaders in providing worldwide insurance market details. They have experience in researching industry intelligence related to employee insurance and benefits.
The client provides global insights regarding many insurance schemes and helps in strategic thinking and delivering results. They help to create communities for sharing knowledge and wealth of experience that is related to insurances and personalized coverage.
The client was struggling to keep track of the global compulsory laws. The constant updates and changes of the compulsory laws related to various insurance schemes took a lot of time and resources. Also, the client found it difficult to understand and do an extensive analysis of the coverage law related to worldwide insurance schemes.
Another challenge was regarding organizing and synchronizing each of the insurance laws. As each scheme of the law was different and involved various countries, the client needed an advanced tool to differentiate them and get necessary updates.
Firstly, we analyzed the whole work procedure involving the data research activities of the client. Based on it, we created an intelligent AI-based data mining tool for handling the global coverage laws and analyzing them based on countries and their regions.
We created a dedicated web monitoring procedure and tool to research and analyze the updates happening in the coverage laws. These would be harvested from various web pages of countries worldwide.
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CUSTOMER-CENTRIC APPROACH
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(STRATEGIES + GOALS + RESULTS)
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AI Services
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Usage of AI to understand the global coverage laws and analyze them.
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Created a dedicated web monitoring to find out, analyze the various updates of the coverage law using various web pages.
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Provide easy understanding about the various coverage details to the insured person.
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Our Solution
Firstly, we analyzed the whole work procedure involving the data research activities of the client. Based on it, we created an intelligent AI-based data mining tool for handling the global coverage laws and analyzing them based on countries and their regions.
We created a dedicated web monitoring procedure and tool to research and analyze the updates happening in the coverage laws. These would be harvested from various web pages of countries worldwide.
Case study - Key points
OBJECTIVES
Constant updates and monitoring of the compulsory laws.
THE FINAL RESULTS
Reduced unnecessary wastage of manpower and time
