Powerful Analytics Made Easy
With increased competition, product commoditization, and pricing pressures, insurance companies are seeking to create differentiated value propositions in their products, while reducing losses and eliminating inefficiencies.
Profitability depends on ensuring that everyone in the insurance company drives the bottom line, from sales, marketing, and finance to underwriting and claims, and they make optimal decisions.
INSURANCE SOLUTIONS WE PROVIDE
Enforces underwriting principles and guidelines reports on rating, quoting, & issuance through our
Pipeline dashboards show policy status (new or renewal) and predict closing ratios and premium amounts for
months, quarters & years.
Supports claims departments by helping them to
control losses and reduce claims leakage. By
providing an integrated view of policies,
premiums, and historical claims, along with case
load by examiner, users get the best possible
information when making approval decisions. In
addition, Claims Monitoring improves efficiency of
claims handling and empowers customer service.
Risk & Pricing Score Cards
The ability to minimize the underwriting process while balancing price in both soft and hard markets is now made easier. Decision-making also becomes easier with our user-driven, rule-based scorecard tool. Use this groundbreaking tool to analyze renewal risks for price evaluation & scoring.
Risk Experience Reporting
Gives you the ability to reduce loss-ratios, the power to report on the past, the intelligence and speed to evaluate the present, and the skill and technology to predict the future. A state of the art application providing templates for loss-ratio reporting and predictive analytics including but not limited to Actuarial Triangles and Loss Experience (including a Schedule P export).
Enables agents, brokers, wholesalers, and improve inside sales managers to improve forecasting/ tracking, and to target customers better. Helps regional teams and field reps score bigger hit-ratios, improve up-sell and cross-sell effectiveness by allowing individual agents to narrow their targeting to a particular customer base. This increases market share leads and maximizes profitability. Because of the flexibility, users get the same analytical opportunities internally and through applications deployed on portals for external agents or carriers.
Empowers finance managers to quickly and flexibly
monitor performance, risk and compliance. Offers
full disclosure into key financial metrics and
reporting. “Drill through” capabilities make
available underlying details, which removes limits
on the questions a user can ask.
The result is more effective financial planning, cash management & governance.
Some customers we’ve helped…
“Today, we are able to proactively monitor business activities across the enterprise and make more informed and profitable decisions with greater speed and accuracy.
Through the large-scale deployment of this product, we have succeeded in breaking down barriers, and our users now have the ability to transform data into actionable information anywhere at any time. PowerExcel and PARIS are
living up to our highest expectations.”
– AVP of Financial Reporting at PA Insurance Company