2
Poslovna means Business Data Warehouse Model for Insurance As the entire (re)insurance industry is in the turbulent times of saturated markets and new regulations, the importance of the availability of the right information at the right time, on the basis of which one can make the right decisions and take appropriate actions, is increasingly highlighted. PI Insurance DWH model solution should help in the fulfilling of these tasks and decision making process. Our model provides the basis for quality analysis of available data by deriving accurate information from data. Poslovna Inteligencija Insurance Data Warehouse Data Model (PI Insurance DWH Model) is a standard industry data warehouse model applicable for both life and non-life insurances. Based on data represented in the model, all standard insurance reporting and analysis Data Marts can be delivered. PI INSURANCE DWH MODEL BENEFITS: • Based on industry best practices • Open for all necessary modifications to adjust to individual customer needs • Based on a strong Primary Key – Foreign Key relationships that assure consistency in the model itself, and in the content of the implemented Data Warehouse System • Provides “single version of the truth” • Enables consistent and consolidated reports • Delivers competitive advantage by enabling the consolidation of clean data across multiple systems • Supports rapid implementation of warehousing solutions with meaningful data • Facilitates a structured approach to subsequent customization and extension of the data warehouse • Well documented, tested and implemented DWH model • Enables business users to more effectively control and reduce the time taken to scope their requirements, as well as subsequent customization and any extension of the data warehouse • Minimizes development costs • Reduces the risk of failure by facilitating an incremental approach to delivering integrated data warehouse solution • Provides updates to include ongoing data requirements of industry directives on regular basis • Fosters collaboration and approval between business and IT, as necessary, to turn business requirements into actionable solutions. The data warehouse resulting from our model enables insurances to exploit the potential of detailed information previously locked in legacy systems and inaccessible to the business user. PI Insurance DWH Model is a platform-independent solution that offers the scalability and flexibility needed to address existing and future data consolidation requirements. PI INSURANCE DWH MODELLING PRINCIPLES: • Organizes data around a number of key business subjects • Supports stable decision-making process • Includes a number of most commonly used pre-defined summarizations. In the current version 1.3 of the model there are more than 170 Entities (Tables) grouped in 13 Subject areas and divided in 4 functional groups: COMMON BUSINESS • Products Subject Area • Business Items and KPI’s Subject Area • ETL Process Execution Audit Subject Area FINANCE & HR • Finance • Human Resources Subject Area • Investments Subject Area • CAPEX Subject Area • OPEX Subject Area CUSTOMER • Customer Subject Area • Contact Center Subject Area POLICY • Actuary Subject Area • Claims Subject Area • Sales Subject Area
