Insurance companies have limited information to identify and prevent the signing of loss-making contracts in advance.
Currently used statistical methods & tools do not allow complex, on-demand monitoring of contract portfolio behaviour.
Contracts that lapse and default cause:
24%-28% of contracts (in €)
lapse during years 2 & 3
Life insurance companies lose money on every new contract during the first 3-4 years due to high acquisition costs.
rapid deployment (days)
reduced capital reserve requirements
uses entire portfolio with no need for statisticians, no guessing, provides easy-to-use visual insights process is fast, easy and cost-effective, limited learning curve
Proprietary technology based on the SAP HANA platform that provides executives with on-demand insights to identify specific salespeople, channels, territories and products that are likely to generate losses due to lapses & defaults.
Limewood was established by a group of financial sector executives and visionaries to leverage their experience as well as know-how, backed by an investment from Neulogy Ventures.
The XRIMM media (www.xprimm.ro) was selected by Limewood as its prime media partner for the year 2017 for the CEE markets. The cooperation will include promoting the Limewood brand on the online media as well as in the numerous events organized by XPRIMM. Limewood will contribute with its content related to the portfolio management of insurance contracts. Limewood helps insurance companies, banks and pension funds boost profitability by providing advanced, easy-to-use predictive analytics tools for real-time portfolio analyses.