Insurance companies are facing an immensely complex and fast changing environment, because of the impact of the Global Financial Crisis (GFC), changes in the competitor landscape, and tightening credit policies. In addition the supervisory environment has become more demanding as the economic environment has deteriorated significantly, the cost of capital has increased because funding sources have changed and lending criteria have become more stringent.
Nevertheless, property transactions continue and all the insurance policies that are generated due to the sale and purchase of residential and commercial property need to be managed more effectively in this market place. In response to the GFC there is opportunity for players to make significant improvements in their business which can address cost efficiency and revenue improvement dimensions. RP Data understands your business, and can assist.
RP Data’s strategic partners are international leaders in business and property information, providing valuable international input to our locally deployed solutions. In our experience, successful players now require more sophisticated tools and analytics to
- improve insurance policy processing
- manage ongoing customer relationships and increase loyalty
- manage risk proactively
These tools are underpinned by better data. Leverage this information to help make trusted decisions.
From instant online valuation tools to national customer loyalty maximisation programs, there are value adding solutions available which will reduce costs, minimise risk and increase revenue all with the same end result – increased profitability.
Please contact RP Data to speak to an Insurance Solutions Expert.