Business Intelligence

We understand insurance. During the last 10 years INSsight has been developed alongside carriers to meet their specific needs. Our product provides the following benefits:

• ExecutiveManagement: These individuals focus on strategy and resolution. INSsight provides high-level dashboards and alerts to meet executive level needs.
• Underwriting Management: Underwriting managers focus on risk assessment, product development, agency management, and territory analysis. INSsight provides tools to peer into underwriting and see past experience on specific policy types.
• Claims Management:Claims managers need daily information to run their departments smoothly. INSsight provides loss frequency, loss severity and adjuster metrics that allows claims managers to move quickly.
• ActuarialManagement: Actuaries need and want data -- and lots of it. Actuaries use INSsight for “red-flag analysis” and policy-level deep dives based on claims or premium. INSsight provides detailed attributes at the line of business allowing these departments to uncover minute details around specific rate needs.
• Sales/Marketing Management: Sales and marketing is responsible for the development of new products, introducing products to market, and competitive analysis. The visibility into this is paramount. 
• Finance and Accounting: Responsible for the monthly budgeting and planning of insurance companies, finance and accounting rely on accurate historical data for forecasting and budgeting. INSsight provides extensive policy information to facilitate forecasting. 
• Information Technology/IT: IT’s role in business today is becoming more and more as an enabler of business decisions as opposed to a supporter of operations.  INSsight helps IT departments consolidate multiple source system data into one version of the truth, which allows them to get out of the report writing business.
  

We offer a proprietary data management layer, designed exclusively to meet the needs of the property and casualty insurance industry. The model supports standard property and casualty lines of business and can be configured to support non-standard lines. Components of the data layer have been designed in consideration of ISO and ACORD standards.

This option is available for insurers that have purchased 3rd party BI tools and need the underling structure and data model to make them perform to their potential.