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What is InsFocus?
InsFocus BI is a comprehensive
reporting and analysis software system designed for insurance
companies, which covers all the data warehousing and business
intelligence functionalities required for management and operations.
The system’s built-in insurance capabilities make InsFocus the preferred
choice for insurance companies.
The InsFocus data model is designed
and built by insurance professionals, encompassing profound industry
executive experience, along with years of implementation best practices.
What are the system’s main advantages?
- Functionality: InsFocus is built for insurance
companies providing out-of-the-box insurance-specific calculations
and information analysis solutions.
- Data model: The system’s prebuilt, tested, and
optimized insurance data model, is the foundation for its insurance
data management.
- Insurance content: The InsFocus definitions
library consists of hundreds of insurance measurements, dimensions,
risk factors and sample reports, covering the requirements of
insurance business users such as marketing, sales, underwriting,
claims, reinsurance, actuaries, internal auditors and financial
accounting.
- Infrastructure: Based on a robust database
infrastructure, the system provides information security, data
access control, complete system administration, SOA connectivity and
multilingual capabilities.
- Self-service: A user-friendly self-service
interface enables business users to create sophisticated analysis
and reports.
- Complete BI solution:
InsFocus manages the full DW/BI lifecycle, without the need for
additional software tools..
What are the business benefits for an insurance company?
- Improved business performance:
Information-based decision-making facilitates business
decision-making including underwriting control, risk selection,
claims reserving and distribution channel reporting.
- Easy creation of operational reports:
Customizable operational reports and bordereaux can easily be
created by users to serve various functions in the organization such
as claims, reinsurance, supplier accounts and more..
- Short Implementation: Structured implementation
methodology ensures a quick and predictable project.
- Risk management: Self-service BI enables
insurance professionals such as risk officers and actuaries to
analyze risks and exposures by providing sophisticated data
management capabilities.
Download the full PDF - The InsFocus Advantage for Insurance Companies.
