Stephens Technology Group brings talented people with specialized skillsets to provide information architecture services to the insurance industry. Services we provide to the insurance industry include:
- Incorporating both internal and external data (i.e. information on competitors and the insurance industry trends)
- Forecast and monitor changes in the industry thereby allowing better positioning in the marketplace
- Identify characteristics of profitable business
- Analyze information related to retention of business at renewal including patterns of customers who do not renew, determine reasons why, and resolve issues that will assist in retaining valued clients.
- Accurate, consolidated view of customer portfolios
- Analysis of profitability by customer, product, geography, and sales hierarchy
- Analysis of sales offices for profit and loss
- Analysis of quality of new business
- Premium uplift
- Early-term claims by zip code
- Direct response analysis – customer responds to a coupon offer
- Survival modeling – how long a customer will stay with you