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Data analytics: Keep your real-time edge

Alvarez & Marsal (A&M) - Jim P. McDermott | Insurance and Risk Advisory Services | #AMTakesOn
James McDermott | Insurance & Risk Advisory Services | #AMTakesOn
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Driving growth through real-time data analytics is the competitive advantage your business needs in today’s digitally driven marketplace.

Having the right information can mean the difference between progress and failure. A&M amplifies your competitive edge with data, analytics and industry expertise that arms you with the right information to make effective business decisions.

Our advanced analytical techniques draw insights from data, predict outcomes, measure performance and reduce risk. We improve profitability across all operational areas — distribution channel management; rate quoting, underwriting and sales; policy management and renewal; claims management; and internal efficiencies and reporting processes.

Find the right analytics solution.
Our team creates the right solution for your data by:

  • Identifying areas where analytics can help
  • Developing customized analytics solutions for ongoing and one-of-a-kind issues
  • Managing change to ensure insights drive more productive behavior

Explore existing data.
We study your current data to discover previously unknown patterns that can set you on a new path for growth.

Implement predictive analytics.
Our team forecasts outcomes and answers questions such as:

  • What attributes define our most profitable segment?
  • How should we price this policy?
  • Who should we target in our next marketing campaign?
  • What policyholders have the highest risk of lapse?
  • What claims are more likely to be fraudulent?
  • What agents should we hire and how should we compensate them?
  • Within what range should we settle this lawsuit?

Use analytics to drive process improvement.
We improve operations and embed real-time analytics into your business to:

  • Benchmark target areas for operational improvement
  • Identify and implement business process redesign and transformation
  • Develop scorecards and metrics
  • Create and implement dashboards