Insights

Every day, insurance companies make decisions that depend on data. That is why we asked our clients what it is like to work with InsFocus. Underwriters, actuaries, analysts, managers, finance teams, and claims teams all depend on accurate information to make better decisions.

Insurance decisions rarely wait for “when you’re back at your desk”, They happen in leadership meetings, on the road, with distribution partners, and in the field.

In today’s business environment, BI isn’t a luxury - it’s the difference between reacting fast and realizing the problem too late. Companies depend on clear data, sharp insights, and the ability to understand what truly drives results. When BI works well, it accelerates decisions, exposes opportunit

In the world of insurance, history matters. Patterns don’t appear overnight. They emerge through years of accumulated data: shifts in risk, changes in broker behavior, and the long-tail nature of claims. Strategic decisions hinge on the ability to see not just what’s happening now, but what happened

Ayalon insurance company, Israel, successfully completed implementation of InsFocus, an advanced business intelligence solution enabling high level insurance data analysis improving decision-making process and increasing profitability

“Keren Pitzuim” (Israel Compensation Fund) was established to provide compensation to victims of war damages who are not covered by insurance policies. The fund is financed by the Israeli government and is managed by a committee of experts.

The captivating tale of Jeanne Calment serves as a beacon of wisdom in embracing longevity, risk diversification, and the law of large numbers.

We recently conducted a survey on Pain Points from BI tool to gather insights and opinions from all of you. Thank you to everyone who took the time to fill out the form. We received an overwhelming response and wanted to share some of the key findings with you all.

In the realm of decision theory, the Sleeping Beauty Problem has long intrigued philosophers and scientists alike. This thought experiment poses a puzzling scenario where a subject is put to sleep and wakes up to find herself participating in a fair coin toss, with her memory erased.

For years, there has been a widespread belief that red cars are more dangerous and prone to accidents. This myth has been perpetuated by movies, advertisements, and even some insurance companies.

The t-test is a statistical method that allows researchers to compare two groups of data and determine if the difference between them is significant or just due to chance. The test is named after William Sealy Gosset, however, the test is commonly referred to as Student's t-test

Gender is an essential parameter in both, insurance pricing and coverage. This is because a studied and verified relationship exists between gender and attitude toward risk.

Abraham Wald's approach to solving the problem of bomber losses is an example of the importance of understanding bias and sampling in data analysis for insurance

The benefit of life-extending medical treatments to life insurance companies has a direct benefit as they lower the insurer's liabilities by delaying the death compensation and increasing premium income. The question is if these situations drive toward the integration of life and health insurance.

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.

Migdal Insurance is joining the customer base of InsFocus, a software company that provides a unique insurance business intelligence solution, used by most of Israel’s companies.

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

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.

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.

The following claims report is based on real auto insurance data from one of our clients.

On this occasion, we want to share the creative report made by Sammy, sales manager, of one of our clients.

Madanes, the largest independent insurance agency in Israel, has chosen InsFocus’ BI solution for establishing an organizational Data Warehouse.

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.

The Pool has contracted with InsFocus for business intelligence solutions.

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.

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.