InsFocus BI Version 1.8
We are pleased to announce today the release of InsFocus BI version 1.8. New additions to the version include:
- Batch operations – running a report for a set of organizational members (e.g. running a profitability report for all agents and exporting the results to different PDF files)
- Dynamic filtering – item selection, dimension selection, organizational member selection – all can now be dynamically filtered for easy finding (so when looking for, say, earned premiums, just start typing ‘prem’ and don’t look in the tree anymore).
- Dynamic dimensions – dimensions that have a lot of members (e.g. client, policy) can now be filtered using a dynamic auto-complete filter that brings a list of the first 10 members found.
- Premium collection added to generic insurance model.
Hanan Taiber
CTO, InsFocus Systems
hanan_taiber@insfocus.com
Premium Collections model
One of the main advantages of InsFocus BI system is its built-in insurance data model. This model details the structures and processes for creating a data warehouse for an insurance company, dramatically reducing implementation times and improving the data warehouse’s efficiency and accuracy. The data model is both logical – documenting processes, workflows, querying styles, and both physical – containing database structures, ETL scripts, calculations templates, items (KPIs) and sample reports.
We have now added a new domain to our model – Premium Collections. This is a sub-model that enables the tracking of premium collections for the different policy transactions issued. It allows keeping track of a number of payments per transaction, of different due and collection dates and so on.
The model covers all aspects of implementing premium collections in a real company. It begins with a sample input structure, continues on to staging and data warehousing structures, ETL scripts, items defined and report template.
Some of the available report templates include:
- Agent premium collection ratio
- Premium collection trends
- Cash flow projection
Uri Taiber
CEO, InsFocus Systems
utaiber@insfocus.com