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Monday, August 13, 2007

Life Insurance- A high level decision making

A Life Insurance company has over 20 million policy holders on record. They want to launch an aggressive marketing campaign to increase the customer base. For this purpose, they want to do following analysis:


Identify 20000 good customers, understand their characterics and find such geographic/ business segment where probability of getting such customers is high.


Work to do:

How will you describe ‘good customer’?

What data are required to identify good customers?

What data are required for associating characteristics with good customers?

What kind of data analysis will be needed for this activity?

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