Reporting Analysis For A Renowned Insurance Company

Faster analytics performance

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Competitive
advantage

Save Days Worth
of Effort

About Client:

The client is a leading insurance provider specializing in coverage for a range of risks, such as auto, home, commercial, and life insurance. The company prioritizes offering personalized services to its clients and building long-term relationships based on trust and transparency whose future forward strategy is rooted in deep industry knowledge and a mastery of emerging technologies. Their risk management solutions evolve with market needs, while traditional insurance companies struggle to keep up.

Challenges

As the company grows, arises the issue of growing data volumes. Their agent onboarding data, policy enrolment and disenrollment was unorganized as the process flows were disoriented. 

  • Agent onboarding was taking more time
  • Policy enrolment and disenrollment data was not recorded properly
  • Data quality was poor
  • Lack of data visibility

Featured services

Automated Application Process

Ensures higher productivity and efficiency with a significant reduction in spent time.

Data Integration and Consolidation

The process of consolidation which earlier used to take a weeks’ time can now be executed within hours.

Consolidated Reporting

Significant improvement in workforce productivity and business performance on account of automation of data consolidation and analytics.

Improved performance

Significant improvement in workforce productivity and business performance on account of automation of data consolidation and analytics.

 

Solution

In order to establish a reliable data platform, Kanerika’s team transformed, consolidated, and evaluated the data. We also developed dashboards and reports to enhance comprehension and enable more informed decision-making. Kanerika recognized the importance of conducting report analysis to thoroughly scrutinize the process and ensure undisturbed operational flow.

Technology used: Power Bi

Business Impacts:

  • Reduced TAT for agent onboarding by 50%, resulting in more efficient operations
  • Improved data consolidation, visibility, and quality, which enabled better decision-making
  • Generated dashboards and reports for better tracking and monitoring of policy enrollment and disenrollment data
  • Enhanced data-driven decision-making capabilities, enabling the company to make more informed decisions
  • Streamlined processes and improved operational flow, which increased efficiency and reduced errors
  • Positioned the company for continued growth and success, with a reliable data platform and improved operations.

Why Kanerika?

Kanerika is a niche consulting firm building efficient enterprises with deployment of automated, integrated and analytics solutions. Kanerika enables efficient enterprises through its unique digital consulting frameworks and AIOps enabled compostable solution architecture. We partner with some of the top vendors to solve some of the critical data and process related challenges. We help some of the top brands across the globe in increasing their speed to respond in evolving market conditions, reducing their cost of operations, empowering them with the right tools and insights for effective decision making.

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