{"id":1249,"date":"2023-11-22T07:35:09","date_gmt":"2023-11-22T07:35:09","guid":{"rendered":"https:\/\/omnisient.com\/?p=1249"},"modified":"2023-11-30T16:36:47","modified_gmt":"2023-11-30T16:36:47","slug":"policyholder-data-enrichment","status":"publish","type":"post","link":"https:\/\/omnisient.com\/policyholder-data-enrichment\/","title":{"rendered":"Enriching Policyholder Data to Accelerate Payouts for Beneficiaries"},"content":{"rendered":"
[et_pb_section fb_built=”1″ _builder_version=”4.21.0″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_stops=”#337bd6 0%|#2f2e8b 100%” background_image=”https:\/\/ml6hblvthemg.i.optimole.com\/cb:lVjl.45ac1\/w:auto\/h:auto\/q:100\/f:best\/https:\/\/omnisient.com\/wp-content\/uploads\/2023\/11\/sphere_bg_04.png” background_position=”top_center” background_vertical_offset=”0%” saved_tabs=”all” global_colors_info=”{}”][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” column_structure=”1_2,1_2″ sticky_enabled=”0″][et_pb_column type=”1_2″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” text_font=”|300|||||||” text_text_color=”#FFFFFF” text_font_size=”16px” global_colors_info=”{}”]<\/p>\n
<\/span><\/span><\/span>Case Study<\/span><\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” text_font=”Poppins|300|||||||” text_text_color=”#FFFFFF” header_font=”Poppins|600|||||||” header_text_color=”#FFFFFF” header_font_size=”40px” global_colors_info=”{}” hover_enabled=”0″ sticky_enabled=”0″]<\/p>\n Cross-Industry Collaboration:<\/strong> Insurance and Data Bureau<\/span><\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.21.0″ _module_preset=”default” custom_margin=”||||false|false” custom_padding=”||0px||false|false” custom_css_main_element=”display: flex;” saved_tabs=”all” global_colors_info=”{}”][et_pb_row make_equal=”on” _builder_version=”4.21.0″ _module_preset=”default” module_alignment=”center” custom_css_main_element=”display:flex;||align-items: center;” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”flex-direction: column;||justify-content: center;||” custom_css_main_element_phone=”flex-direction: column;||justify-content: center;||”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” text_font=”|300|||||||” header_font_size=”32px” global_colors_info=”{}”]<\/p>\n <\/span><\/span><\/span>To enhance the contactability of policyholders and dependents and expedite the claims process for beneficiaries by updating and enriching the contact details of policyholders and their dependents.<\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.21.0″ _module_preset=”default” custom_css_main_element=”display: flex;” saved_tabs=”all” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” _builder_version=”4.21.0″ _module_preset=”default” module_alignment=”center” custom_css_main_element=”display:flex;||align-items: center;” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”flex-direction: column;||justify-content: center;||” custom_css_main_element_phone=”flex-direction: column;||justify-content: center;||”][et_pb_column type=”1_2″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/ml6hblvthemg.i.optimole.com\/cb:lVjl.45ac1\/w:auto\/h:auto\/q:100\/f:best\/https:\/\/omnisient.com\/wp-content\/uploads\/2023\/11\/case_study_image_6_updated.webp” title_text=”case_study_image_6_updated” _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” text_font=”|300|||||||” header_font_size=”32px” global_colors_info=”{}”]<\/p>\n <\/span><\/span><\/span>In an initiative to comply with regulatory mandates and enhance policyholder experience, an insurance company overlapped their dataset with a data bureau’s dataset. This collaboration, safeguarded by strict data privacy measures, led to updated contact details, quick identification of beneficiaries, and proactive outreach in case of a policyholder’s death.<\/span><\/p>\n The insurance company overlapped its policyholder data with data from the data bureau. Through Omnisient\u2019s desktop app, personal details of policyholders were transformed into hashed characters, ensuring confidentiality and regulatory compliance. This anonymized and tokenized data was then overlapped with the data bureau’s dataset to update missing or erroneous contact details, find policyholders’ dependents, and determine deceased policyholders.<\/p>\n When integrated, these datasets enabled the enrichment of the insurance company’s policyholder contact details, identification of potential beneficiaries, and determination of deceased policyholders.<\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.21.0″ _module_preset=”default” background_color=”#1678D1″ background_image=”https:\/\/ml6hblvthemg.i.optimole.com\/cb:lVjl.45ac1\/w:auto\/h:auto\/q:100\/f:best\/https:\/\/omnisient.com\/wp-content\/uploads\/2023\/11\/sphere_bg_13.png” global_colors_info=”{}”][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”0px||0px||true|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” header_text_align=”center” header_text_color=”#FFFFFF” header_font_size=”32px” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” text_font=”|300|||||||” text_text_color=”#FFFFFF” header_font_size=”20px” header_2_font=”||||||||” header_2_text_color=”#FFFFFF” text_orientation=”center” module_alignment=”center” global_colors_info=”{}”]<\/p>\n <\/span><\/span><\/span>Identification of incomplete or inaccurate contact details of policyholders, enabling their rectification.<\/span><\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” text_font=”|300|||||||” text_text_color=”#FFFFFF” header_font_size=”20px” header_2_text_color=”#FFFFFF” text_orientation=”center” module_alignment=”center” global_colors_info=”{}”]<\/p>\n <\/span><\/span><\/span>Discovery of dependents associated with policyholders, likely beneficiaries for life insurance payouts.<\/span><\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” text_font=”|300|||||||” text_text_color=”#FFFFFF” header_font_size=”20px” header_2_text_color=”#FFFFFF” text_orientation=”center” module_alignment=”center” global_colors_info=”{}”]<\/p>\n <\/span><\/span><\/span>Detection of deceased policyholders, streamlining the claims process for dependents.<\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”||0px||false|false” saved_tabs=”all” global_colors_info=”{}”][et_pb_row _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”16px||16px||true|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” header_font_size=”32px” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”0px||||false|false” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”The Insurance Company” image=”https:\/\/ml6hblvthemg.i.optimole.com\/cb:lVjl.45ac1\/w:auto\/h:auto\/q:100\/f:best\/https:\/\/omnisient.com\/wp-content\/uploads\/2023\/11\/approval_delegation.png” icon_alignment=”left” _builder_version=”4.21.0″ _module_preset=”default” header_text_color=”#1678D1″ header_font_size=”20px” body_font=”|300|||||||” global_colors_info=”{}”]<\/p>\n Ensured compliance with regulatory requirements, enhanced efficiency in claims processing, strengthened policyholder trust and loyalty through proactive outreach.<\/span><\/p>\n [\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”The Consumers” image=”https:\/\/ml6hblvthemg.i.optimole.com\/cb:lVjl.45ac1\/w:auto\/h:auto\/q:100\/f:best\/https:\/\/omnisient.com\/wp-content\/uploads\/2023\/11\/groups.png” icon_alignment=”left” _builder_version=”4.21.0″ _module_preset=”default” header_text_color=”#1678D1″ header_font_size=”20px” body_font=”|300|||||||” global_colors_info=”{}”]<\/p>\n Assured timely and efficient payout to beneficiaries. Enhanced trust in the insurance process, knowing that even in the absence of the policyholder, the company would take proactive measures.<\/span><\/p>\n [\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” _builder_version=”4.21.0″ _module_preset=”default” background_color=”RGBA(255,255,255,0)” custom_padding=”48px||48px||true|false” custom_padding_tablet=”||128px||false|false” custom_padding_phone=”||128px||false|false” global_module=”322″ saved_tabs=”all” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ custom_padding_last_edited=”on|phone” _builder_version=”4.21.0″ _module_preset=”default” background_color=”#1678D1″ custom_padding=”56px|56px|56px|56px|true|true” custom_padding_tablet=”” custom_padding_phone=”32px|32px|32px|32px|true|true” scroll_scaling_enable=”on” scroll_scaling=”0|50|50|100|80%|100|100″ custom_css_main_element=”overflow:unset;” border_radii=”on|10px|10px|10px|10px” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” text_font=”|300|||||||” text_text_color=”#FFFFFF” header_text_color=”#FFFFFF” header_font_size=”32px” background_color=”RGBA(255,255,255,0)” global_colors_info=”{}”]<\/p>\n Book a demo and discover how we help your business unlock the power of 1st party data collaboration without the risks.<\/span><\/p>\n [\/et_pb_text][et_pb_button button_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjE0MSJ9fQ==@” button_text=”Book Demo” _builder_version=”4.21.0″ _dynamic_attributes=”button_url” _module_preset=”default” custom_button=”on” button_text_size=”14px” button_text_color=”#1678D1″ button_bg_color=”#FFFFFF” button_border_width=”0.5px” button_border_radius=”7px” button_font=”Poppins|300|||||||” button_icon=”5||divi||400″ button_on_hover=”off” custom_margin=”|||||false” custom_padding=”8px|32px|8px|16px|true|false” global_colors_info=”{}” button_bg_color__hover_enabled=”on|hover” button_bg_color__hover=”rgba(255,255,255,0.9)” button_bg_enable_color__hover=”on” button_border_width__hover_enabled=”on|desktop” button_border_width__hover=”0.5px”][\/et_pb_button][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/ml6hblvthemg.i.optimole.com\/cb:lVjl.45ac1\/w:auto\/h:auto\/q:100\/f:best\/https:\/\/omnisient.com\/wp-content\/uploads\/2023\/11\/cta_banner_image.png” alt=”Secure Data Collaboration Platform | Man Smiling” title_text=”cta_banner_image” _builder_version=”4.21.0″ _module_preset=”default” positioning=”absolute” position_origin_f=”center_center” vertical_offset=”-155px” horizontal_offset=”50px” z_index=”0″ vertical_offset_tablet=”-150px” vertical_offset_phone=”-137px” vertical_offset_last_edited=”on|tablet” horizontal_offset_tablet=”275px” horizontal_offset_phone=”-75px” horizontal_offset_last_edited=”on|phone” position_origin_a_tablet=”” position_origin_a_phone=”bottom_right” position_origin_a_last_edited=”on|tablet” position_origin_f_tablet=”center_center” position_origin_f_phone=”center_center” position_origin_f_last_edited=”on|tablet” position_origin_r_tablet=”” position_origin_r_phone=”” position_origin_r_last_edited=”on|tablet” width=”90%” width_tablet=”50%” width_phone=”80%” width_last_edited=”on|desktop” positioning_tablet=”absolute” positioning_phone=”absolute” positioning_last_edited=”on|desktop” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" In an initiative to comply with regulatory mandates, an insurance company collaborated with partners to improve contactability…<\/p>\n","protected":false},"author":4,"featured_media":2617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"2880","content-type":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[33,50,28],"yoast_head":"\n<\/span>Enriching Policyholder Data to Accelerate Payouts for Beneficiaries<\/span><\/span><\/span><\/h1>\n
<\/span><\/span><\/span>Objective<\/span><\/h1>\n
<\/span><\/span><\/span>Overview<\/span><\/h1>\n
\n
Insights Revealed<\/h1>\n
<\/span><\/span>Data Improvement<\/span><\/h2>\n
<\/span><\/span><\/span>User Experience Enhancement<\/span><\/h2>\n
<\/span><\/span><\/span>Process Streamlining<\/span><\/h2>\n
Impact<\/h1>\n
<\/span><\/span>Book a Product Demo to Learn More<\/span><\/h1>\n