Deep Insurance Business Insight

Insurance

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:
P&L losses
Increased capital
reserve requirements
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.

Solution

KEY TILIA BENEFITS

increased profitability
rapid deployment (days)
reduced capital reserve requirements
TILIA is a Next-Generation Tool

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
TILIA Predictive Analytics Application

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.

About us

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.

Team

Radovan Čechvala CEO

Richard Kolárik Head of Business Development

Roman Korbačka COO

News

SAP Startup Focus

SAP Startup Focus listed solution from LIMEWOOD [Financial Services / Insurance] among 5 new startup HANA solutions validated & go to market ready in September 2016. SAP Startup Focus is a global program dedicated to nurturing startups in the Big Data, Predictive and Real-time Analytics, Internet of Things, Augmented Reality space. It helps startups develop innovative applications which are based on SAP HANA and HANA Cloud Platform(HCP) embracing the latest cutting edge technologies. LIMEWOOD is the only Slovak SAP Startup Focus member.

Contact us

Limewood

Visit us

Dvořákovo nábrežie 10
811 02 Bratislava
Slovak Republic