INDUSTRY SOLUTIONS

Property and Casualty Insurance

Business Intelligence, Analytics, and Data Management Solutions for the Insurance Industry

For Insurers, the Digital Revolution Has Been Interrupted

Investments in P&C core systems and software-as-a-service yield efficiencies and better expense ratios. But the data they generate is stuck in separate application silos, and their full value as sources for business intelligence and customer insights is still untapped.

Needed: A P&C Market Strategy for Digital Disruption

Today’s P&C market, especially the mid-market, is a competition magnet. Big insurers trying to beat commoditization and softening rates see an opportunity to make in-roads in a fragmented marketplace. Insurtech start-ups are rising to meet consumer demand for digital engagement. Financial services providers see fertile ground for growing ecosystems of products that include risk coverage. In this disruptive environment, a merely defensive strategy focused on price cutting is a dead-end.

For Insurers, the Digital Revolution Has Been Interrupted

Unlock the Value of P&C Business-Ready Data

Leverage Your Expertise in Specialized Market Segments, and Price and Service Balance

P&C insurers need to make a strong customer-centric business play that leverages their deep knowledge of specialized market segments, and their expertise in striking the right balance between price and level of service.

Information Builders can support this play with Omni-Insurance, a solution that consolidates and harmonizes all the information that has accrued over time across the insurance company’s products, systems and distribution channels to create an expansive, unified view of its business and its customers.

Transform P&C Into a Customer-Centric Business

Make the Shift With a 360-Degree View of Your Organization

With a shared, 360-degree view of its business, an insurer is ready to shift from being product-centric to being customer-centric. Omni-Insurance analytics provide reports and dashboards, with pre-built P&C KPIs, for executives, underwriters, actuaries, claims and finance to access the data they need for informed decision-making.

More, analysts can build consumption views of granular data that support the agenda of a customer-centric business: developing “stickier” policies with more individualized services, enhancing customer experiences, managing a book of business with new and more nuanced definitions of niche markets, products, performance indicators and, ultimately, greater profitability.

What Our Customers Say

Amerisure Insurance

WebFOCUS is allowing us to satisfy the information needs of all our users. We've deployed simple intuitive tools for business users and more sophisticated analytical tools for advanced users like our actuaries.

Doug Pontious
BI and Analytics Executive

BGL Group

We wanted to include all information from customer details to geospatial data and Google Maps applications. Alongside this we had to maintain a high level of interactivity and customization with the reporting. Information Builders was able to provide us with all of that.

Dr. Hasan Al-Madfai
Associate Director of Pricing and Insight

Farm Bureau Insurance

We desperately needed real-time data for predictive analysis. WebFOCUS Reporting quickly rose to the top while Crystal Reports withered on the vine. It all translates into value for policyholders and a competitive edge for the company.

Karen Hunt
Assistant Vice President of Information Technology

Gore Mutual Insurance

Our work with Information Builders enabled us to build a cohesive data set from multiple systems so we could have complete transparency across all our sources.

Jamie McDougall
Vice President of Business Intelligence and Analytics

Southwest Business Corporation

We acquired Information Builders' WebFOCUS and iWay products to help us consolidate our information, ensure data integrity, and create a user-friendly environment for analyzing data and interacting with customers in a knowledgeable way.

Shane Brode
Vice President Application Development

SVMIC

Information Builders possessed the depth and breadth of expert resources to help us accomplish what we needed in a short period of time.

Mart Sesler
Vice President of Information Systems

United Automobile Insurance Company

This system paid for itself by making it practical for us to re-price and re-rate our book of business around correct information.

Dean Kozlowski
Vice President

Workers Compensation Fund

The ability to tap into our information has really paid off. For example, our safety department collects intelligence that helps them formulate better safety programs, our underwriters are able to more effectively understand and control loss ratios, and our customers experience a higher level of service.

Debi Mofford
Chief Information Officer

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