Data challenges in the insurance industry
Insurance companies deal all the time with policies, premiums, claims and payments. Informations like these by themselves are already a good reason to becoming a data-driven organization. Every transaction creates data point for analytics and developing actions to take advantage of that mitigate the risks of policies being given to someone with a bad fit.
Problems when using different solutions
This means many systems are not powerful enough to give business insights comparing life styles of others clients, making the policies less reliable. In many cases the company must access different databases with very limited information about the client. Not enough to make a good decision for both parts. Access information from different departments? Data siloing slows or completely stops efficient decisions.
How SlicingDice empower the insurance industry
Unlike our competitors, SlicingDice makes sure everyone can have access and leverage an organization's data. We do this by offering fine-grained data warehouse access control. Individual custom database keys are used by different users to access the same database, but accessing different content. SlicingDice ensures proper access with column-level precision. This means data can be painlessly spread across the organization, with proper visibility, with a few clicks. Also, the simplicity to define privacy ensures better compliance to privacy protocols, minimizing any risk involving the visibility of sensitive data.
The All-in-One Data Warehouse provided by SlicingDice also counts with a built-in data loading and sync module, allowing you to quickly and easily load data to your data warehouse. SlicingDice can be used to create a data warehouse in few days - other solutions would take months or even years. Our Data Visualization Module can show the big picture about the clients you already have with just few clicks on the control panel. Need to go deeper? Our built-in Machine Learning module, powered by BigML can model with a large quantity of historical data and be trained to predict the risks to the company when closing deals. This brings insurance to another level, enabling the creation of more innovative products, while also ensuring more people are insured by lowering costs and prices.
Visibility and privacy
Custom keys and user permissions enable each column to be accessed by and only by who must and should access it.
Secure by design
Combine the security and protocol compliance of cloud providers with our proprietary built-in encryption for maximum safety.
Don’t worry about integration, maintenance, backups, sharding, partitioning or any configuration. Focus on improving your business.
Predictions based on historical data
Our Machine Learning module can help any organization understand more about their customers and predict future outcomes.