Tech mahindra
Tech mahindra

Intelligent Risk Management Solution - IRMS

In today's highly competitive P&C industry, the challenge for insurance companies is to decrease loss costs, improve pricing accuracy and mitigate losses by monitoring the status of properties in various geographic and weather conditions through proven digital capabilities.

Tech Mahindra leverages sensors, drones and M2M transactions for real-time alert tracking along with integration to enterprise data, GIS and weather data to provide a 360-degree Big Data view for comprehensive analytics that helps insurance companies assess and monitor risks at a granular level and achieve improved pricing accuracy as well as lower loss costs.

The inability to decrease loss costs, improve pricing accuracy and mitigate losses in the highly competitive P&C industry through methods to monitor the status of a properties in various geographic and weather conditions through proven Digital capabilities.

Tech Mahindra’s Integrated Risk Management Solution (IRMS) is based on IoT (sensors and drones) for risk assessment to provide insightful information to mitigate loss events for the property and casualty insurance industry.

Tech Mahindra helps insurers play an active role in detecting risk and preventing an imminent part of the failure to pre-empt business interruption risks using IoT based technologies and big data analytics.

The Solution-

  • Addresses Water Freezing and Leakage in pipes – placement of wireless sensors at strategic locations of plumbing system to monitor and predict problems for proactive maintenance.
  • Addresses fire issues and theft as it is easily customizable for fire, theft and vandalism detection, and many other perils, including inland marine, irrespective of the size of the building or the cargo in transit.
  • Offers Drones as a Service
  • Enables Predictive Analytics using Big Data for evaluation of risk and assigning of a score based on existing claims data for an insurance company.
  • Helps in accurate assessment of risk at a granular level and achieve improved pricing accuracy.
  • Creating and managing complete partner ecosystem
  • Integration with existing IT systems through APIs
  • Flexible data ownership
  • Control center & service desk
  • Scalable technical solution
  • Full accountability

Extensible, Configurable End to End Partner Ecosystem managed by Tech Mahindra



- Tech Mahindra Intelligent Risk Management Solution platform
For further information please write to connect@techmahindra.com

For further information please write to connect@techmahindra.com