A Business Analytics company provide a BA solution that enables insurance companies to better retain customers who
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Question:
A Business Analytics company provide a BA solution that enables insurance companies to better retain customers who might otherwise defect by predicting the likelihood of their attrition (leaving the company) early enough that you can take preventive measures to keep them from taking their business to a competitor. This enables insurance companies to make more strategic marketing plans, such as developing proactive campaigns to retain these high-risk attrition customers or capitalizing on opportunities to sell incremental policies to targeted customer market segments.
1-dentify the losses/challenges that may occur due to high attrition rate action in health insurance company, at least 2 should be identified
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