Significant increase in financial loss in comparison with increase of premium payments over the years draws attention. Accurate ratio is estimated as 1,3% of demands even though some abuses are detected.
Most common abuse types,
Prospect demands or demands from policies are detected in case of any damage or financial loss
Goal is to detect anomalies right before possible damages caused by weather conditions or other reasons.
It is possible to prevent abuses by detecting anomalies in fire insurance during production. Possible damages and anomalies are detected by using machine learning algorithms before they occur because of weather conditions or other reasons.
Main success points of preventing productions having high abuse risk
Preventing unnecessarily paid claims by detecting abuse
Creating profitable portfolio by working with a better agency portfolio
Getting to know portfolio of agencies and insurees better
Dynamic Pricing for Insurance
Introducing new products and adjusting the prices for your companies’ best interest were always a complicated job. We have worked with leader actuaries, product managers and technology evangelists for introducing Dynamic Pricing for Insurance Business.
We provide total product ownership from information technologies teams to business teams in order to wipe every change means a waiting period understanding out. Our intuitive patterns are easier than ever to develop and customize new products.
Model, test and simulate the changes of your products. What if you increase Customer score by %20 for discount. You may now see suitable group will shrink by 31% by depending on decisions made in last six months. It is time to maximize Customer lifespan and decide like a real person.
Life Insurance Risk Assessment
You may plan which expert will visit that factory for risk assessment with peace in your mind. You expert will easily note entire risk points which will be equally scored beyond all risk markers on tablet application.
While risk assessment file follows your procedure for approval, high-level risk elements will start sub tasks for future evaluation and control. Those sub tasks will create warnings for future examination for example if there is a problem with pumping capacity of sprinkler systems. Risk review process will begin if open problems cannot be solved in predefined time period.
Lower your risks, get better reassurance opportunities for a transparent risk assessment and tracking.
Demand Process Management
There are many aspects of digital business automation such as demand processing, process Management, robotics, scanning detection, document and archive Management, integration with third parties, rule Management and reporting, we are covering your entire business processes with IBM Digital Business Automation package.
Multi-Channel Loss Receiver First Notification
Rule-based loss assessment Customer transfer
Expert scoring and assessing, Rule Based Expert Selection
Risk Assessment and Dealer Selection
Business teams Management and transfer
Document Scanning and Labeling
Digital Document Management and Integration with other Systems
Labeling and Archiving Physical Files
Performance Tracking for Mechanical and Spare Part Dealers
Integration with Scrap Management Systems
Amodo Telematics, UBI, PHYD
Whether you are seeking for a telematics solution or you have one; our telematics insurance team is here to help your business strategy, product design and application.
We have been the first sprinter of mobile telematics projects in Turkey since 2013. We may deliver completely mobile or device-specific projects with our partnerships with world’s leader telematics platform providers.
Amodo is not only a telematics platform but also is the best Customer interaction package in application market. While you are reducing your compound ratio turn telematics into real-time event based marketing solution.
Income Forecasting and Quota Management
Better production forecasting means better quota Management. Aiming to achieve more reachable goals for agencies having many insurance brand is better than struggling for unreachable goals and high profits since they are more eager to achieve reachable goals.
While our data scientist team using forecast-based analysis create forecasting for your biggest expertise areas, our rule-based forecasting team bring experience power to your smaller forecasting areas.
Forecasting is easier when you have more data, however if you are doing it monthly for every agency you need to forecast more than 360 thousand data point with only 2000 agencies and more than 15 expertise area.
Income Forecasting and Quota Management package collect previous production data and bring those data together with external data such as macro-economic factors. We also take goals as input for calculation of goals of agencies having limited or no sales data by working together with your channel Management teams.
Expert Assignment Automation
Cost check is important for every insurance company. We select the best candidate for audit by analyzing expertise, payment statistics for different event categories, geographical location, capacity, previous experience with Customer and mechanical store and profiling the experts.
Expert Assignments Automation integrated with your Elementary Insurance and demand Management System works seamlessly on the background.
Expert assignment automation rules minimizes fraud risk, reduces general maintenance costs and decides if you need any expert assigned to a service demand.
Dynamic Agency Commission Management
Calculation of agency commission becomes a complicated problem subject to changes programmed in core insurance System. You don’t want to manage it as part of your pricing plan.
Arrange your actions, collect results and operate artificial intelligence. This is market impedance – a platform for marketing experts.
Manage Customer labels; easily distribute messages to delivery channels. Customize message content according to Customer profiles, life segments and individuals.
Financial Portfolio Management
Our Financial Portfolio Management solution is designed to let you manage your assets from a single interface.
Integrated with your elementary insurance, accounting and banking systems, it saves your energy from focusing on copying paste data and income.
All of your operations in bond, foreign currency, investment, credit/deposit and stock investments are consolidated and managed under single System.
BlockChain for Warehouse Insurance
Tracking insured warehouse stock real-time with BlockChain technology will provide advantages for reassurance companies, insurance companies and warehouse owners in reducing unknown risks.
Since you can take advantages of BlockChain technology for being sure of insured person, you may provide disruptive new insurance products to market lower your risks and instantly manage your reassurance allocations.
BlockChain for warehouses will instantly minimize fraud and abuse and provide value-added implementations.
Image Classification for Auto
Image Classification for Auto