Business Intelligence Solutions for Insurance
Underwriters, who assess the risks and business potential of all insurance solutions, need to compile risks, costs and insurance premiums. For that, they need a tool that makes it easy to link different local databases together and to be able to draw valuable conclusions from the data. The challenge is to link together insurance systems while making them more adaptable and easier to use, and perform fast and flexible analyses on different customers, types of damages, countries, and products.
Our Solution for Insurance
With our solution, insurance companies can now quickly analyze premiums, claims, profitability and risk by customer, type of damage, product and country.
- Improved tracking of payment history of losses, reserves, subrogation and salvage.
- More accurate forecasting of losses based on empirical loss history.
- Reduction of claims fraud.
Some Key Performance Indicators we track:
Key Performance Indicators like Claim Counts, Reserves, Losses, Loss Ratios and Expenses are analyzed across various dimensions like Claimant, Loss Cause or Type of coverage.
- Claim Counts
- Reserves
- Losses
- Loss Ratios
- Expenses by Claimant, Loss Cause, and Type of Coverage