Insurance Insight-Driven Journey
Gain a competitive edge in the insurance industry by leveraging data-driven insights. During our consulting journey, we act as partners to help you develop efficiency, strategy, innovation, vision, and leadership levers—everything you need to navigate the ever-changing landscape and thrive amidst valuable data insights.
Use Cases
Lever 1
Efficiency
Governance Insights
Cost-effective infrastructure, governed data, accessible and accurate for consumption with relevance and nimbleness.
Challenge: Collecting and integrating data from various sources within the company.
Achievement: Optimized operation with a high performance to process claims efficiently, mitigate errors, delays and dissatisfied customers.
Lever 2
Strategy
Descriptive Insights
Enable well-informed decision-making through comprehensive 360° monitoring of operations and the entire business, spanning operational, strategic, and tactical levels.
Challenge: Lack of visibility of operation and business processes for corporate strategic decisions.
Achievement: Increase in ROI and operational efficiency through a 360° monitoring solution based on the design and implementation of operational, tactical and strategic dashboards.
Lever 3
Innovation
Predictive-Prescriptive Insights
Assess the influence on both operations and overall business by leveraging predictive and prescriptive capabilities, as well as extracting invaluable market insights through advanced modeling.
Challenge: The insurance company policy expedition processes required a lot of manual effort producing manual errors and delays in customer service.
Achievement: An AI-based prescription solution for policy expedition was implemented, achieving a drastic reduction in manual effort, high performance and a quick customer response.
Lever 4
Vision
Business Wins Insights
Impact on ROI from the generation of highly competitive business opportunities and the monetization of information (Data-driven decision-making).
Challenge: Based on the good results obtained from the Business data-driven transformation process, to achieve disruptive solutions to eliminate inefficiencies in the operation and increase the business impact.
Achievement: Utilizing AI-based modeling we analyzed the integrated data for creating predictive models to assess the probability of a claim´s legitimacy, estimate claims amounts, and predict potential fraud.
Lever 5
Leadership
Competitive Insights
Implementing data-driven transformation and fostering a strong culture within the business, enabling market leadership on local, regional, and global scales.
Challenge: To develop a market edge regarding the customer knowledge and behavior to stay ahead of the competition.
Achievement: Through the customer pattern extracted and our data monetization approach, the company opened a new business line based on the prediction of associative acquisition of financial products.

Lever 1

Efficiency
Governance Insights
Cost-effective infrastructure, governed data, accessible and accurate for consumption with relevance and nimbleness.

Lever 2

Strategy
Descriptive Insights
Enable well-informed decision-making through comprehensive 360° monitoring of operations and the entire business, spanning operational, strategic, and tactical levels.

Lever 3

Innovation
Predictive-Prescriptive Insights
Assess the influence on both operations and overall business by leveraging predictive and prescriptive capabilities, as well as extracting invaluable market insights through advanced modeling..

Lever 4

Vision
Business Wins Insights
Impact on ROI from the generation of highly competitive business opportunities and the monetization of information (Data-driven decision-making).

Lever 5

Leadership
Competitive Insights
Implementing data-driven transformation and fostering a strong culture within the business, enabling market leadership on local, regional, and global scales.

Lever 1

Efficiency

Governance Insights

Cost-effective infrastructure, governed data, accessible and accurate for consumption with relevance and nimbleness.

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Lever 2

Strategy

Descriptive Insights

Enable well-informed decision-making through comprehensive 360° monitoring of operations and the entire business, spanning operational, strategic, and tactical levels.

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Lever 3

Innovation

Predictive-Prescriptive Insights

Assess the influence on both operations and overall business by leveraging predictive and prescriptive capabilities, as well as extracting invaluable market insights through advanced modeling.

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Lever 4

Vision

Business Wins Insights

Impact on ROI from the generation of highly competitive business opportunities and the monetization of information (Data-driven decision-making).

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Lever 5

Leadership

Competitive Insights

Implementing data-driven transformation and fostering a strong culture within the business, enabling market leadership on local, regional, and global scales.

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Our clients

Welcome to the world of innovation with Sofka Technologies! In this video, immerse yourself in technology solutions we’re bringing to the insurance industry. Discover how we implement our exclusive methodology Insight Driven Journey to elevate digital transformation to operation and businesses of you organization.

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Insight-Driven Journey
Success stories

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Lever 1

Challenge
Collecting and integrating data from various sources within the company.
Achievement
Optimized operation with a high performance to process claims efficiently, mitigate errors, delays and dissatisfied customers.

Lever 2

Challenge
Lack of visibility of operation and business processes for corporate strategic decisions. .
Achievement
Increase in ROI and operational efficiency through a 360° monitoring solution based on the design and implementation of operational, tactical and strategic dashboards.

Lever 3

Challenge
The insurance company policy expedition processes required a lot of manual effort producing manual errors and delays in customer service.
Achievement
An AI-based prescription solution for policy expedition was implemented, achieving a drastic reduction in manual effort, high performance and a quick customer response.

Lever 4

Challenge
To develop a market edge regarding the customer knowledge and behavior to stay ahead of the competition.
Achievement
Through the customer pattern extracted and our data monetization approach, the company opened a new business line based on the prediction of associative acquisition of financial products.

Lever 5

Challenge
To develop a market edge regarding the customer knowledge and behavior to stay ahead of the competition.
Achievement
Through the customer pattern extracted and our data monetization approach, the company opened a new business line based on the prediction of associative acquisition of financial products.