{"id":22937,"date":"2021-12-14T14:39:42","date_gmt":"2021-12-14T09:09:42","guid":{"rendered":"https:\/\/blog.aspiresys.com\/?p=22937"},"modified":"2025-05-06T08:54:54","modified_gmt":"2025-05-06T08:54:54","slug":"want-bet-big-insurance-data-analytics-software-imagyn-ai-covered","status":"publish","type":"post","link":"https:\/\/www.aspiresys.com\/blog\/insurance\/digital-transformation\/want-bet-big-insurance-data-analytics-software-imagyn-ai-covered\/","title":{"rendered":"Want to bet big on insurance data analytics software? Imagyn.ai has you covered"},"content":{"rendered":"
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Newer technologies are set to accelerate the insurance sector and data analytics will, in the next few years, change its very nature. Several insurers saw this coming and are taking baby steps to embrace emerging tech, but trends seem to suggest it’s time\u00a0<\/span>to make a big leap if you are to get ahead of the competition.\u00a0\u00a0<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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With artificial intelligence<\/span><\/span>,<\/span><\/span><\/span>\u00a0the role of\u00a0<\/span><\/span>predictive analytics in insurance<\/span><\/span><\/a>\u00a0is growing rapidly. A September 2021 analysis by McKinsey explored the impact of 10 accelerating trends on\u00a0<\/span>various industries and found that five of them, including applied AI and next-level automation, will reinvent the insurance landscape. So, it becomes not only smart but <\/span>imperative<\/span>\u00a0for\u00a0<\/span><\/span>insurance companies\u00a0<\/span>to<\/span><\/span>\u00a0invest<\/span>\u00a0in\u00a0<\/span><\/span>insurance anal<\/span><\/strong>ytics software<\/strong>\u00a0<\/span><\/span>such as imagyn.ai\u00a0\u00a0<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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Imagyn.ai<\/strong><\/a> is an AI-enabled customer analytics framework that can empower insurers with in-depth customer intelligence. It helps insurers leverage insights by making key decisions on product offerings, business models,\u00a0<\/span>cro<\/span>ss<\/span>-sell and upsell campaigns while enabling customers to utilize their services better.\u00a0\u00a0\u00a0<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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Imagyn.ai\u2019s<\/span>\u00a0four modules \u2014 Data Discovery, Data Optimizer, Customer 360, and Customer Intelligence \u2014 cover every need for\u00a0<\/span><\/span>insurance data analytics<\/span><\/span>. What’s more is th<\/span>at it can help develop strategies based on\u00a0<\/span>data insights and implement them, emboldening the role of predictive analytics in insurance. This reemphasizes the age-old and fail-proof customer-first approach with the added advantages of new-age tech.\u00a0\u00a0<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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Da<\/span><\/strong>ta Discovery<\/strong>\u00a0<\/span><\/span>\u2014 It is exactly what it reads, it is a deep dive into your business processes and data journeys to explore the feasibility of imagyn.ai and expected ROI. It<\/span>\u00a0is<\/span>\u00a0done by\u00a0<\/span>Aspire\u2019s<\/span>\u00a0experienced data scientists who would, at the end of an extensive s<\/span>tudy, present to you a report on the findings and a tactical and strategic AI roadmap.\u00a0\u00a0<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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Data Optimizer<\/span><\/span><\/strong>\u00a0\u2013 The volume, variety, and velocity of processing the data available define<\/span><\/span>\u00a0the potential of businesses. Ensuring optimum use of the troves of data your<\/span>\u00a0firm has is hence<\/span>\u00a0the<\/span>\u00a0key. The data optimizer service is responsible for extracting, cleansing, and standardizing data to store a centralized version of each of your customer\u2019s record<\/span>. Data is collected from all customer touchpoints to create unique custome<\/span>r profiles. It would be a one-time investment for insurers to build a superior customer intelligence platform that supports the learning of customer behaviours.\u00a0\u00a0<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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Customer 360<\/strong> \u2014\u00a0<\/span><\/span>imagyn.ai help<\/span><\/span>s<\/span><\/span><\/span>\u00a0insurers enrich customer data to create one true version of cu<\/span>stomers. With data discovery and optimizing behind us, secure access to sorted data comes next. Customer 360 is the nerve centre that monitors, manages, stores data into a customer hub, and delivers data to relevant stakeholders who are part of your insura<\/span>nce firm. The customer hub would be the one-stop-shop for all customer data \u2014 offering a 360\u00b0 view to all customer-facing personnel. It also increases data integrity across all business systems.\u00a0\u00a0\u00a0<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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Customer intelligence<\/strong> \u2014<\/span><\/span>\u00a0<\/span><\/span>Data without actionable insights i<\/span>s only half-good and would chip away many opportunities.\u00a0<\/span><\/span>Customer intelligence<\/span><\/span>\u00a0service is AI-enabled and helps build a platform that offers timely, superior customer-centric recommendations. It offers business insights and gives you the ways you could use\u00a0<\/span>them. This can help serve customers by pre-empting their wants and needs.\u00a0\u00a0\u00a0<\/span><\/span>\u00a0<\/span><\/p>\n<\/div>\n

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Predictive analytics in insurance<\/strong>\u00a0<\/span><\/span>could define your success.\u00a0<\/span>Still unsure if you should make the leap?<\/span>\u00a0Talk to us for the Insurance digital transformation<\/a><\/strong> & know more about our insurance analytics software.\u00a0 <\/span><\/span>\u00a0<\/span><\/p>\n

Download Case Study<\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Newer technologies are set to accelerate the insurance sector and data analytics will, in the next few years, change its…<\/p>\n","protected":false},"author":19,"featured_media":34886,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4708],"tags":[3385,3366],"practice_industry":[4525],"coauthors":[265],"class_list":["post-22937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-transformation","tag-insurance-data-analytics","tag-insurance-transformation","practice_industry-insurance"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.aspiresys.com\/blog\/wp-json\/wp\/v2\/posts\/22937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aspiresys.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aspiresys.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aspiresys.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aspiresys.com\/blog\/wp-json\/wp\/v2\/comments?post=22937"}],"version-history":[{"count":1,"href":"https:\/\/www.aspiresys.com\/blog\/wp-json\/wp\/v2\/posts\/22937\/revisions"}],"predecessor-version":[{"id":35777,"href":"https:\/\/www.aspiresys.com\/blog\/wp-json\/wp\/v2\/posts\/22937\/revisions\/35777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.aspiresys.com\/blog\/wp-json\/wp\/v2\/media\/34886"}],"wp:attachment":[{"href":"https:\/\/www.aspiresys.com\/blog\/wp-json\/wp\/v2\/media?parent=22937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aspiresys.com\/blog\/wp-json\/wp\/v2\/categories?post=22937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aspiresys.com\/blog\/wp-json\/wp\/v2\/tags?post=22937"},{"taxonomy":"practice_industry","embeddable":true,"href":"https:\/\/www.aspiresys.com\/blog\/wp-json\/wp\/v2\/practice_industry?post=22937"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.aspiresys.com\/blog\/wp-json\/wp\/v2\/coauthors?post=22937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}