The primary goal of analytics is to convert data into actionable information so organizations can make better business decisions. Effective data management is critical to ongoing improvements in business results.
One of the first major applications in insurance was for the identification and detection of claims fraud. This use has continued to grow in importance, with applications in individual companies and across industry groups.
More recently insurance has applied analytics to most every aspect of the business. Predictive analytics for underwriting and claims, traditional business intelligence for operational use, performance analytics to measure the state of the business and manage future directions and risk management in all aspects.
Most recently, analytics is a key component of the insurance drive into telematics, of the monitoring of social media and customer engagement and experience, and of the exploration of big data.
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Featured Providers
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Head Office in Montreal
Offices in Toronto and New York
Serving Canada and USA |
Insurance BI & Analytics
Business Intelligence Roadmap
Business Intelligence Gap Analysis
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InEdge is a consultancy specialized in Business Intelligence and Analytics for the Insurance Industry. We help our clients by creating Corporate-level Programs for implementing BI closely aligned with the company's strategy. We are also experienced practitioners as we help our clients implement projects.
Our services include:
More than $10.25 billion in Direct Written Premiums are processed through analytical systems planned and implemented by InEdge.
You should call on the experience of InEdge in Insurance Business Intelligence & Analytics.
Visit us at InEdge.com or call us at 1.866.333.8184
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Canadian Head Office in Toronto
Serving all of Canada and the world |
SAS for Insurance
Tailored for Insurance:
- Fraud Framework
- Risk Management
- Analytics Architecture
- Customer Analytics
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Insurance relies on the ability to predict future claims or loss exposure based on historical information and experience. However, insurers face an uncertain future as they face spiraling operational costs, escalating regulatory pressures, increasing competition and rising claim expenses. With more than 30 years of experience in the insurance industry, SAS can help you achieve long-term success and obtain peace of mind. Integrated and extensible insurance solutions built on a flexible business analytics framework and insurance-specific data model speed up both implementation and results, giving you a fast track to significant ROI.
Call us at 1-800-727-0025 (US and Canada) or request more information.
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Information Builders
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Offices across Canada with the Canadian Head Office at 150 York Street, Suite 1000, Toronto, ON, M5H 3S5
Serving all Canada |
Where Insurers go for Business Intelligence, Integration, and Integrity
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With investment returns low, and underwriting profit under attack, insurers are looking at new ways to turn their data into sustainable engines for profitable growth. Allow us to show you how our Insurance-specific solutions around operational excellence, product/risk leadership and customer intimacy can provide the right mix for you to compete differently.
All of our insurance solutions leverage our expertise in Intelligence, Integration, and Integrity. This enables insurance organizations to treat information as working capital and drive greater returns on IT investments which often require customer facing, mobile and collaborative capabilities, as we have delivered for Chubb, Travelers, Erie, and Aegon. We do this by making it easy for everyone in the organization to consume and analyze information – from senior management to actuaries to claims adjusters. And only Information Builders safely extends information on a common, cost-effective platform outside the firewall to all your agents, brokers, and customers – for extreme ROI.
Full Suite of Insurance solutions:
- A pre-built Insurance Performance Foundation that empowers the entire organization – from execs and managers, to analysts – to make decisions that drive down the combined ratio
- Modular solutions from strategic to tactical
- Insurance Roadmap – a 3-day process that clarifies how the business wants to compete with its information, independent of tools or solutions. The Dominion of Canada General Insurance Company used this to increase profitability and streamline the measurement of critical financial and operational performance indicators.
- Unmatched expertise and knowledge in the insurance industry combined with a comprehensive suite of Intelligence, Integration, and Integrity solutions
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