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Product Solutions
Many small to midsize insurance companies and MGAs do not have robust decision support systems in place today. In many cases, they don’t know where to begin. They realize they have to do something because their competitors are gaining an edge by using information to manage risk more efficiently and profitably.
Our “Product Solutions” service is designed to help companies gain entry into Business Intelligence at a low cost of ownership and a high ROI. We focus on providing solutions that will satisfy a majority of your immediate analytical needs without having to incur the time and cost of a wide scale enterprise implementation effort.
We have created decision support applications to support the information needs of Accounting, Actuarial, Claims, Marketing, Product Management and Underwriting. Our commitment to flexibility allows us to custom design an analytical solution to suit your needs.
Decision Support Applications
Examples of decision support applications we have created in the past are as follows:
- Calendar Year experience
- Accident Year experience
- Policy (U/W) Year experience
- Claims Management
- Loss Development analysis
- Marketing Campaign analysis
- Retention analysis
In addition to the above, we have also created analytical solutions that integrate structured policyholder data from core systems with unstructured demographic and market data. This gives you the opportunity to gain insights to outside factors that may be affecting profitability. Only a handful of companies are taking advantage of this today.
Having provided decision support solutions for many large companies, we can provide you with analytical tools and techniques similar what the “big players” are using today.
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