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New Kopel Insurance Implements InsFocus Insurance-Specific Business Intelligence SystemPosted in Petach Tikva, Israel, May 12, 2008
Note: The company was founded as "New Kopel Insurance Company" and later changed its name to "Shlomo Insurance Company". The press release was issued before the name change.
InsFocus Systems Ltd., a provider of business intelligence solutions for insurance companies, today announced that New Kopel Insurance Company (www.nk-ins.co.il) has implemented InsFocus' insurance-specific business intelligence system. The system, InsFocus BI, set up in a record time of three months, provides New Kopel's executives with clearly analyzed and focused information and analysis according to their business requirements. The system extracts data from New Kopel's databases as well as from external sources into the company's data warehouse.
InsFocus BI is an end-to-end business intelligence solution designed specifically for the content, calculations, definitions and data structures of insurance companies. It includes a variety of insurance-specific analyses, functions and reports, and enables insurers to gain insight into their business performance and profitability.
New Kopel's executives can independently define complex reports and
queries from numerous measurement and dimensions building blocks. The
system's user-friendly interface uses familiar insurance terminology,
enabling business users to generate reports and analysis with great
flexibility.
"Our aim was to have the system live and running in the first quarter of
the company's activity, after we started our operation in January 2008,"
said Zvi Leibushor, New Kopel's CEO. "InsFocus addressed this challenge,
and InsFocus BI is very important to the development of New Kopel's
activity."
"The implementation of InsFocus BI at New Kopel Insurance is an
important milestone for InsFocus," said Uri Taiber, InsFocus Founder and
CEO. "The short implementation time and the ability of New Kopel's
executives to use it immediately in complex queries is testament to the
excellence of the system and its insurance-specific capabilities."
Easy to use and maintain, InsFocus BI is an intuitive system that allows non-technical insurance professionals to focus on what they know best – their insurance business. Spanning the full spectrum of the data warehousing process – from raw data transformation to clear and accurate reporting – the comprehensive solution helps insurance professionals at all levels make better business decisions and increase profitability. The system serves business executives and professionals in the marketing, underwriting, claims, reinsurance, actuarial and accounting domains.
ABOUT INSFOCUS
InsFocus is a leading provider of insurance business intelligence software. Leveraging decades of insurance industry experience paired with BI and DW expertise, InsFocus Systems brings advanced analytics to every part of the insurance business, including marketing, underwriting, reinsurance, actuarial, and accounting domains.
Building on its proprietary data model and extensive field experience, InsFocus has developed Structured Insurance BI Methodology. Using this methodology, InsFocus creates and deploys structured BI projects with a focus on predictable and accurate results, customizability, and user-friendliness. InsFocus is a Microsoft™ Certified Gold Partner, operating globally through local implementation partners.
Link: http://www.insfocus.com/press/newkopel.html
Contact: Headquarters, InsFocus Systems, 58 Amal Street, Petach-Tikva, 49513 Israel