Transforming Insurance Landscape with Emerging Technologies and Data
Transform Your Strategy into Actionable Insights
Redefining Insurance for Tomorrow
In today’s world, insurance isn’t just about policies; it’s about forging true partnerships in risk management. We at Sphere recognize the evolving landscape where insurers and policyholders unite, weaving robust “financial safety nets” for a future that’s not just safer, but resilient and forward-looking. This shift is visible in the modern insurer’s playbook, where spotting risks in both new and established sectors goes hand-in-hand with leveraging transformative technologies.
Drivers Of Modernization
Accelerating the Journey of Innovation
Drive innovation and achieve greater sustainability with services that form the bedrock of our insurance transformation approach. These services are committed to providing the necessary support and infrastructure for a seamless transition. By leveraging these, we ensure a robust foundation for our partners that enables efficient operations, streamlined processes and enhanced customer experiences.
Core systems
Intelligent automation
Data and insights
Business operationsServices
- Actuarial Process Automation
- Claims Process Automation
- Reporting Automation
- Integration of carriers and brokers
- Data Extraction, Processing and Data Customization
- Integration with Core P&C Platforms
- Partners Integration and Data Exchange
- Data Modernization
- Customer Analytics
- Customer Engagement & Loyalty Program
- Scalability
- Robo Advisory
- Fraud Detection and Risk Prevention
- Intelligent Data Scrapping
- Generative AI Readiness Assessment and Consulting
- PoC Development
- PoC Development
- Implementation & Support
- Legacy System Migration
- Cloud Enablement
- Platform Replacement
- Event-based Insight Generation
- Predictive Model Building
- Prescriptive Automation
- Risk Management Solutions
Solutions
Policy Lifecycle
Management Automation
Managing policy renewals, payments, and compliance manually is resource-intensive and prone to errors.
Streamlining policy lifecycle management with automated systems.
Streamlining policy lifecycle management with automated systems.
Cross-Platform Mobile App
for Policy and Claims Management
Disparate mobile experiences between iOS and Android platforms lead to inconsistent customer service and user experience.
Utilizing cross-platform technologies for a unified app experience.
Improves customer engagement by providing equal access to policy management and claims services, fostering loyalty and satisfaction.
Regulatory and Compliance
Management Integration
Keeping up with constantly evolving and state-specific regulatory changes is challenging and risky.
Automating regulatory and compliance management through direct integration with state bodies.
Ensures real-time adherence to laws, reducing the risk of non-compliance and enhancing operational confidence.
Dynamic Pricing and Underwriting
Actuaries are spending valuable time on low-value activities, which hampers agility and advanced analytical capabilities in pricing and underwriting, hindering improvements in risk and pricing modeling.
- Unified cloud-native platform
- Scalability for ingesting IoT data from millions of trips, expanding the customer base
- Reduced total cost of ownership compared to legacy Hadoop systems
- Usage-based pricing, leading to lower premiums for customers and reduced risk for insurance carriers, thereby lowering loss ratios
- Enables the creation of a digitally enabled, end-to-end underwriting experience
- Improve competitive position
- Decrease combined ratio
- 15% improvement in efficiencies
Claims Triage
and Prioritization
Missing data, or data that is “not in good order” and needs to be corrected before processing, leads to claims, leakage, and inefficient processes in triaging claims to the right resource.
Develop a custom claims triage solution using LLMs that can analyze claim descriptions, extract key information, and automatically prioritize claims based on predefined criteria. This solution can help insurance companies streamline their claims processing workflow, reduce response times, and improve customer satisfaction.
- Decrease in annual claims payout
- Increase in claim fraud detection/revention
- Improve efficiencies by 15%
Personalized
Customer Engagement
The inability to reconcile customer records across different lines of business limits real-time customer insights necessary for upselling and cross-selling. Siloed data makes it challenging to create accurate and comprehensive customer profiles, resulting in suboptimal recommendations for the next best action.
- Eliminates data silos by unifying all customer data to create complete customer profiles
- Integrated data security ensures that security measures are incorporated at every layer
- Delta improves data quality, providing a single source of truth for real-time streams and ensuring reliable and high-quality data for data teams
- Integrated ML and AI capabilities utilize AI to create self-optimizing ML
- MLflow model lifecycle management helps manage the entire machine learning lifecycle reliably, securely and at scale
- Use AI, ML, automation and real- time data to gain deeper customer insights and understand their needs
- Improve competitive positioning
- Enhance the customer experience
Harness the Full Power of Your Data Assets
+40
Data scientists
+50
AI & LLM experts
+75
AI & LLM experts
+400
Full time developers
+25
BI experts
Increase Business Velocity With Artificial Intelligence
10+
Global offices
+6
Accelerated LLM models
1600+
Projects
Success We Have Driven
Find out more
Mario Schwarts
Managing Director of Data Analytics and Intelligence Practice
With almost three decades of experience in Data Engineering, Data Strategy and Digital transformation journeys, Mario brings the knowledge to provide actionable insights and empowering executives by implementing value driven data intelligent solutions. Mario has contributed to successful projects on multiple organizations such as Capgemini, Navistar, BMO, Columbus Global and TEK Global Systems. He is passionate about using the latest Analytics tools (Machine Learning/Data Science/Gen AI), and other advanced digital technologies to bring value to the clients he works with and continuously drive business growth using data.
Luke Suneja
Client Partner
Working from the London and Kyiv offices, Luke Suneja helps clients and partners drive business value using Sphere’s global workforce of developers, analysts, QAs, creatives, and enterprise solutions architects. With more than 10 years experience, Luke’s passion for problem solving has made him an invaluable asset to clients and partners.
Steven Scardino
Client Partner
Innovative leader with critical thinking and problem-solving skills across varied industries. Inside and Outside sales professional with proven ability to develop, drive and implement actionable growth strategy plans. 9 years’ experience producing revenue growth by leveraging a customer first methodology and consultative sales approach to identify and solve pain points.
Andrew Abbotsford-Smith
Sales Director
As a Sales Director at Sphere Partners, a global technology consulting and digital innovations company, Andrew leverages his 20+ years of experience in the banking, financial services, and energy sectors to deliver generative AI solutions to clients across Europe and the Middle East. With a proven track record of driving new revenue and market opportunities, Andrew has extensive knowledge and expertise in the field of AI since 2006. Additionally, he has completed an AI Business course at MIT. Prior to joining Sphere Partners, Andrew held senior roles at Infosys, NICE Actimize, OneSpan, and Oracle.
Our experience with Sphere and their team has been and continues to be fantastic. We keep throwing new projects at them, and they keep knocking them out of the park (including the rescue of a project that was previously bungled by another vendor).
Selah Ben-Haim VP of Engineering at Prominence Advisors
I would expect to be delighted. It’s been a really positive experience, working with Sphere, and I would expect you to have the same.
Ben Crawford Senior Product Manager at Enova Financial
Sphere consistently prioritizes the needs of their clients, demonstrating both agility and teamwork. They bring innovative and well-considered solutions, consistently surpassing my expectations.
Mark Friedgan CEO at CreditNinja
We've been working with Sphere and its excellent consultants since our founding. Their combination of offshore talent, pricing, and shift offsetting is hard to beat. They provide crucial augmentation to our in-house team. We simply couldn't achieve our production ambitions without their service.
Bruce Burdick Chief Information Officer at Integra Credit