Influence of the deductible on the results of the company
There is a marked preference of customers for insurance policies with low or no deductible. Several experiments have shown that people tend to underestimate the value of a deductible policy, and that the degree of underestimation increases with its size.
September 13, 2022
Fixed costs in calculating channel profitability
When insurers generate a formula to calculate the profitability of sales channels, they usually include fixed costs as one of the components. The arguments in favor of including these costs are that, from the macro point of view of the company, resources must be generated to cover office costs, mana
July 5, 2022
Dilemmas on Profit Commission
The use of profit commissions for insurance agents and agencies is very common and is intended to be an incentive for them not only to increase sales but also to try to get good policyholders.
April 28, 2022
All You Need to Know About Loss Ratio!
Those of us who have been in the insurance industry for many years know what it is about and if you are reading this post, surely you too.
April 26, 2022
Insurance Curiosities: Why Is February the Favorite Month for Insurers?
The following claims report is based on real auto insurance data from one of our clients.
March 22, 2022
Creative Use of Business Intelligence
On this occasion, we want to share the creative report made by Sammy, sales manager, of one of our clients.
February 14, 2022
The Impact Of The Coronavirus Pandemic On The Insurance Industry
The Coronavirus pandemic has changed our world in many different ways and has created one of the most severe global economic crises in human history. The pandemic has had a profound impact on the insurance industry too.
March 1, 2021
Israel’s Compulsory Vehicle Insurance Pool selects InsFocus BI as its reporting and analytics system
The Pool has contracted with InsFocus for business intelligence solutions.
November 12, 2020
InsurTech Trends in 2019 and Beyond
At the end of 2019 we reviewed reports published by major consulting companies: PwC, Deloitte and Accenture about the insurance industry in order to understand key industry trends and their impact on InsurTech startups.
July 2, 2019
Incentive Management System for Life and Health Insurance
InsFocus Systems, a leading provider of data-warehousing and business-intelligence software for insurance companies, has expanded into the life-health insurance domain with a new product – Incentive Management System (IMS) for sales representatives and agents.
July 1, 2019