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Insurance Business Intelligence

In order to complete its vertical insurance solution, IDIT™ also provides a highly sophisticated Business Intelligence (BI) environment & platform. Though tightly-coupled , the BI environment is completely independent and can facilitate the company’s variety of reporting and analysis needs.
IDIT™’s BI environment consists of a physical data repository and a set of logical management information models.
 
The BI environment is intended for use at all levels of the organization. Executives, management, actuaries, analysts, supervisors and CSR’s may view a layer of information suitable for their requirements, as quantitative and qualitative presentations are provided in numerous formats to the business paradigms.

 
BI Software Capabilities
  • Business Reporting - Create, modify, and distribute any report your company requires such as weekly sales and inventory reports
  • OLAP Analysis - Perform deep, comparative analysis on customer data with fast responses, viewing from any angle to better understand business drivers
  • Dashboarding - Communicate complex business data quickly and intuitively. Display multiple measures with rich graphical elements in highly interactive role-based dashboards
  • Business Activity and Event Monitoring -Automatically deliver time-critical information to decision-makers. Use key business metrics to automatically drive business processes and actions

Business Intelligence Models for Insurance

Over the years IDIT has accumulated much experience implementing various models for the insurance market. A predefined set of models is provided with the system.  These models include:
  • Segmentation by multiple dimensions: geography, client attributes, etc.
  • Sales performance
  • Portfolio analysis
  • Technical results
  • Loss ratios
  • Claims drill-down
  • General models and insurance branch specific models
  • Personnel performance
  • Financial analysis
Even though IDIT™ provides a pre-defined set of models IDIT™ has the capabilities to also provide additional more advanced models and aid in the development of new models at the client’s request.

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