Migdal insuranceis joining the customer base of InsFocus, a software company thatprovides a unique insurance business intelligence solution, used by most ofIsrael’s companies. At Migdal, InsFocus will implement its BI system for the non-lifeactuarial department, in cooperation with Migdal’s internal BI team.
Migdal, founded in 1934, is one of Israel’s largest and most reputable insurance companies, serving 2.4 million customers, collaborating with 3,000 brokers, and employing 4,000 people.
Migdal’s non-life actuarial department and Migdal Technologies looked into several analytical solution to support reporting and profitability analysis for actuaries, and chose InsFocus.
“The collaboration with InsFocus will allow us to develop and further deepen our data analysis, to work more efficiently as an actuarial department and make maximum use of the company’s data world”, said Ronnie Ginor, head of non-life actuarial department. “Some of the reasons for choosing InsFocus BI were the system’s flexibility, ease of operation and intuitiveness, as well as the high analytical capabilities.”
Uri Taiber, founder and CEO of InsFocus: “For over a decade InsFocus has been providing advanced business intelligence services to insurance companies in Israel and worldwide using its unique data warehousing model, combined with an advanced technological stack perfectly suited for insurance. Using our accumulated expertise and the integrated data model, we will be able to supply Migdal with a solution that includes a full insurance world containing all the company’s general insurance activity. We are happy with the trust provided to us by Migdal’s actuarial team and look forward to years of mutual work.”