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increase in revenue
About the Client
A leading general insurance and reinsurance company in Saudi Arabia, dedicated to offering its clients high-quality services and competitive insurance. The company faced challenges including managing large volumes of complex data, mitigating risks, and improving fraud detection. By partnering with ITHENA, they implemented advanced data analytics solutions, transforming their operations and driving significant business growth.
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increase in revenue
ITHENA’s iRDS have been a game-changer for our operations. The dashboards and predictive models provided invaluable insights into portfolio performance and fraud detection, enabling smarter decisions and reducing risks. This collaboration has not only enhanced our efficiency but also elevated our customer experience, setting us apart in a highly competitive market.
– Director, Operations
– Director, Operations
Opportunity for Impact
Increase in revenue
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Reduction in risks
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Decrease in revenue loss
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Key Challenges Faced
- Difficulty managing large volumes of complex data from multiple sources
- Inability to stay competitive in a rapidly evolving insurance market
- Difficulty mitigating high levels of risk exposure
- Lack of actionable business intelligence to drive decisions
Our Solution
The client partnered with ITHENA and implemented the Rapid Deployment Solution (iRDS):
Data Migration & Validation
Transferred complex data from local sources, then validated and tested it using SQL
Performance Dashboard
Created dashboards to generate actionable insights on portfolio performance and risk analysis
Predictive Analytics
Built AI/ML-driven models to identify and prevent fraudulent activities
Cloud Backup Implementation
Implemented secure cloud backup using the EBS module to ensure data integrity and accessibility
