Designed for advanced insurance analysis
Insurance business behaves differently than regular business activity. Policies are issued for varying coverage periods, policy conditions and rates can subsequently be changed by midterm endorsements, claims are reported in delays, claims reserves are set and adjusted over time and finally claim payments are made at even later dates.
These time dependencies affect the way insurance business is reported and analyzed and the way an information solution for insurance has to be structured.
The following features built into InsFocus’ business intelligence system provide insurance executives and professionals with the full spectrum of data reporting and analysis functionality required to effectively manage their business.