Predictive Analytics For Insurance Professionals

Introduction

Z/Yen Group developed one of the first tools for Predictive Analytics more than 10 years ago. We have been working with organisations in Insurance, Banking and Investment to improve decision-making in every area of risk selection and value pricing whether it is recommending products to customers, pricing packages of products, calculating likely competitive prices, spotting unusual trends, or just helping to audit the entire process by identifying anomalies. Based on this experience and success, Z/Yen have developed a set of training sessions to enhance understanding of predictive analytic methods for Financial Services organisations. There are two main types of courses:

• An appreciation course for senior managers and information leaders that explains why they need to know about this, and exactly how much they need to know themselves – so they can ask the right questions and understand the answers.

• A practical course for experienced data experts or “ninjas” with good Excel and analytical skills who want to be able to get more from data.

Develop the skills to help your organisation make better risk/reward decisions. A solid understanding of Predictive Analytics will allow you to

• increase sales through better targeting and better pricing of underwriting;

• improve customer retention, development and profitability;

• more accurate claims adjustments;

• anomaly detection of fraudulent and/or inflated claims;

• better allocation of capital;

• more certainty over claims handling.

For more information contact Michael Mainelli on 020 7562 9562 or Michael_mainelli@zyen.com.