Global consulting and actuarial firm Milliman has partnered with Enova Decisions, a FinTech and analytics company, to provide the life insurance industry with advanced analytic solutions.
The new strategic alliance combines Milliman’s deep domain expertise and data resources with Enova’s real-time analytics capabilities, providing life insurers with a platform for retaining clients, optimising sales, and maximising the value of current and future customers.
The pair state that together they will provide life insurance clients with the chance to achieve strategic targets and business goals, through integrated, data intelligence-driven solutions.
Sam Nandi, Milliman Principal and Consulting Actuary, commented: “Insurers everywhere are competing on the basis of who can best understand consumer behavior, and this competition is driven by increasingly sophisticated analytics.
“With Milliman’s deep subject matter expertise and Enova Decisions’ decision management platform, we give insurers the best tools to succeed in all the different dimensions of their business, whether it’s sales, distribution management, customer targeting, product development, or myriad other applications.”
Joe DeCosmo, Chief Analytics Officer for Enova, added: “Leaders in highly regulated industries know that proper management of data for security and privacy is critical. By working with Enova Decisions, insurers can leverage our 15 year of experience making data-driven decisions in real time and access the latest decisioning technology while remaining compliant.”