it.insurance for the Insurance Sector Accelerate your Analytics Maturity Solution for the Insurance Sector With it.insurance itelligence have given me what I’ve needed for the last ten years. Finally, I have visibility on business performance across my whole organisation rather than siloed views. I can now police my business, hold my Senior Managers to account and proactively manage my premium income and underwriting expenses. » « CEO, London Market Underwriter
Transcript
it.insurance for the Insurance Sector
Accelerate your Analytics Maturity
Solution for the Insurance Sector
With it.insurance itelligence have given me what I’ve needed for the last
ten years. Finally, I have visibility on business performance across my whole
organisation rather than siloed views. I can now police my business, hold my
Senior Managers to account and proactively manage my premium income
and underwriting expenses.
»
«CEO, London Market Underwriter
it.insurance
delivers trusted insights and helps embedanalytics at the core of business processes
it.insurance
At itelligence UK we pride ourselves on our skills
to not only add value to generic data manage-
ment and business intelligence issues but to
really understand a client's needs through our
sector knowledge.
We recognise that clients do not want to reinvent
the wheel when it comes to solving their business
challenges. Therefore, we have developed a set of
it.insurance offerings to help accelerate the time
to value of any project.
The offerings are tried and tested pre-defined
content, delivered as part of a value driven
roadmap and customised to meet the specific
objectives of each individual business.
it.insurance can be deployed as either a full
solution or on a modular basis using one or
more of the following insurance specific
offerings:
■ Data Model
■ Master Data Management
■ Data Governance/Data Quality Insight
■ Data Management Controls and Processes
■ Business Semantic Layer
■ Executive Dashboard and KPI’s
■ Data Exploration and Analytics
it.insurance is a business intelligence accelerator designed to allow insurance
companies to start extracting value and insights from their data in a short
period of time. Built by industry professionals and using years of experience
within the sector the solution will provide a solid foundation on which to base
your BI platform. The solution allows organisations to start exploiting their
data within weeks of deployment.
»
«itelligence Business Solutions (UK) Ltd., London
IMPROVING OPERATIONAL PERFORMANCE
Data is at the heart of the insurance sector and
the role it plays within the market place is be-
coming ever more prevalent. Whether you are
trying to capitalise on new markets and opportu-
nities or battling against regulators and corporate
governance structures, the market is becoming a
much more crowded place. Embedding data, and
more importantly information, in the day to day
functions of the business is an essential goal for
every organisation.
A CHANGING LANDSCAPE
We have seen the pressure for access to timely
information increase exponentially in the market
as regulators become more intrusive, business
models change through acquisitions and new
opportunities are seized upon by competition.
The market is forcing companies to be more
agile, more competitive and more innovative.
Those who can turn their businesses awash with
data into information led organisations will be
able to thrive.
it.insurance delivers trusted insight and helps embed
analytics at the core of business processes.«»
ENABLING OPERATIONAL EXCELLENCE
Improving the operational efficiency of an
insurance business is essential in order to keep
control of combined ratios and expenses.
■ Timely and accurate information to make
business critical decisions.
■ Appropriate visibility to police the business.
■ An information driven culture focusing on
analysis rather than disputes over figures.
■ Reconciliation controls across the business so
that decisions are made on reliable and trusted
data.
■ Conducting exploratory data analysis to spot
inefficiencies, investigate usual events or send
alerts on KPI movements.
ONE in THREE market professionals think that data is the number 1 influencer on business performance.
IMPROVED CAPABILITY TO REDUCE RISK
The delivery of a trusted data platform support-
ing insurance business functions is a cornerstone
to governing the data for effective decision
making and supporting regulatory initiatives.
■ Elimination of unnecessary data management
enabling actuarial to spend more time under-
taking analysis and value added tasks.
■ The option to analyse unusual events, outliers
and variances when they happen with exposure
movements monitored over time.
■ Identifying data quality issues and visualise
data transforms to ensure the data used is
governed and accurate.
SUPPORTING BUSINESS MODEL CHANGE
Changing business models and mergers and
acquisitions are common place within the
insurance sector and having a data platform
that can support this business change is key.
■ Streamlined processes and controlled data
management to support business acquisition
and consolidation.
■ Support of BIG DATA Analytics enabling the
analysis of wider data sets and provision of
deeper insights.
■ Integration with financial consolidation and
business planning module to allow for faster
integration and improved preparation entering
a business change.
Data Integration and Modelling
Business Logic and Semantic Layer
KPI’s Reports and Dashboards
Trusted Accurate and Governed Data
We’ve embedded analytics at the heart of our business
process and now view our data as a strategic asset and
a way in which we can gain a competitive advantage.«
