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.
INSURANCE ANALYTICS
We service offerings for Insurance Companies
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)
- 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.
Expertise
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.