Igniting the digital transformation of insurance

Empower digital transformation in insurance for more Business profit in

Enhanced Engagement

Insurance is protection. As people and societies continuously change, carriers must digitize, connect and personalize to meet today’s more complex customer needs.

Enroll faster, earn trust, and grow market share with Insurance Solutions

Empowering Your Business with Seamless Transition

The insurance industry is facing a revolution in the digital network economy, driven by new entrants such as insurtechs and automotive companies.

Cutting-edge Risk Management

Utilizing advanced techniques to mitigate risks and protect assets in the insurance sector.

Data-centric Insurance Innovations

Leveraging data-driven insights to revolutionize insurance practices and enhance customer experiences.

INSURANCE ANALYTICS

We service offerings for Insurance Companies

Acquisition Cost Calculation

Agent Group Performance Report

Assess your performance handling claims

Average Claim Closure Time Analysis

Claims Management Dashboard

Claims versus GWP Comparison

Conversion Rate Monitoring

Declination Ratio Analysis

Drill back at ‘Claim #’ level of detail, directly in your Claim Application and take immediate actions

Gross Written Premium (GWP) Dashboard

GWP Trend Analysis

Hit Ratio Calculation

Identify the most effective agents

Monthly Claims Closure Analysis

Pinpoint most impactful open claims

Policy Issuance Analysis

Profit Margin Comparison

Reimbursement Percentage Tracking

Renewals versus New Sales Comparison

Underwriting Cycle Time Analysis

Answer Key Business Questions

Empowering Success Through Insightful Solutions

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Monitor & Improve KPI’s

Elevate Performance, Drive Success

Claims

Nb Claims: Total number of claims that were created over the period
Nb Open Claims: Total number of claims that are currently open
Nb Closed Claims: Total number of claims that were closed over the period
Nb Reimbursed Claims: Total number of claims that were reimbursed to customers over the period
Claims Reimbursed %: Share of claims that were reimbursed on the total number of closed claims (expressed in %)

Damages

Total Damages: Total amount of damages as estimated in the claims (expressed in currency)
Total Outstanding Damages: Total amount of damages for open claims (expressed in currency)
Total Deductible: Total amount the insured is responsible for paying toward an insured loss (expressed in currency)
Total Paid: Total amount paid to the policy holders for their claims (expressed in currency)

Agents

Agents #: Total number of agents that were working on claims over the period
Nb Open Claims per Agent: Average number of claims opened over the period per working agent

Durations

Average Days to Close: Average time it takes to close a case. It determines the effectiveness in handling claims (expressed in days)
Open Since (days): Average number of days since claims were opened (open claims only; expressed in days)

  • Renewals
  • Quotes before sale
  • New policies
  • Gross written products
  • Acquisition costs
  • Brokerage
  • Profit ratio
  • Profit
  • GWP, gross written premium
  • Live policy count
  • Cost per policy
  • Net incurred loss ratio (NILR), Net written premium ÷ incurred claims
  • HIT Ratio
  • Declination Ratio
  • Conversion Rate
  • Average Underwriting Cycle Time
  • Gross Written Premiums
  • Average Cost per Policy
  • Number of Policies
  • NILR (Net Incurred Loss Ratio)
  • Combined Ratio
  • Underwriter Risk Score

Enhancing Insurance Operations with Bilytica’s Solutions

Empower digital transformation in insurance for increased business profitability

TAILOR-MADE INSURANCE SOLUTIONS

Revolutionize Your Insurance Operations

Revolutionize insurance operations with our tailored suite of solutions. From data management to advanced analytics, we offer customized services to boost efficiency and foster growth in the insurance industry.

Enhance Scalability
Improve Cost Efficiency
Improve Cost Efficiency
Boost productivity

Expertise

Bilytica’s Expertise in Insurance Solutions

Harnessing industry-leading expertise, Bilytica delivers expert insurance solutions tailored to your specific business needs, ensuring seamless implementation and minimal disruption to your operations.

Business Intelligence (BI) Solutions

Harnessing Advanced BI for In-depth Risk Analysis

Tailored Software Solutions

Tailoring Software Solutions for Seamless operations

Artificial Intelligence (AI) and Machine Learning (ML) Integration

Integrating AI and ML for Enhanced Claims Processing Efficiency

Our Distinctive Edge

Unmatched Expertise and Unwavering Commitment to Client Success

we pride ourselves on our unparalleled expertise and unwavering commitment to ensuring the success of our clients. With a proven track record of delivering innovative solutions and exceptional customer service, we go above and beyond to exceed expectations and drive tangible results for every project.

WHY US?

Services

Our Main Services

From team augmentation to advanced BI and AI, we offer a comprehensive suite of services tailored to fuel your business growth.

BI Services

Empower data-driven decision-making with our comprehensive Business Intelligence (BI) services.

AI Consulting

Elevate your business strategy with tailored AI consulting services designed for innovation and growth.

Cloud Solutions

Unlock the power of cloud computing to streamline operations and drive business growth.

Custom Development

Transform your unique ideas into reality with our expert custom development services.

Mobile & Web Development

Craft seamless digital experiences across mobile and web platforms with our expert development services.

Team Augmentation

Augment your team with top talent to accelerate project delivery and innovation.