New York, NY (May 29, 2019) \u2013 Information Builders, a leader in business intelligence (BI), analytics, and data management solutions, has announced the launch of Omni-Insurance, a data and analytics hub that provides property and casualty (P&C) insurers with business-ready data to help them transform from a product-driven to a customer-driven enterprise.<\/p>\n
P&C insurance companies are investing substantially in digital transformation across every aspect of their businesses, from policy and ratings to claims and billing. However, the applications they implement often focus only on improving operational efficiency, and the data siloes they create can hinder the companies\u2019 ability to meet their digital transformation goals.<\/p>\n
Information Builders\u2019 Omni-Insurance provides P&C insurers with a subject-oriented data repository that integrates data about insured parties, brokers, policies, underwriters, assets, and claims to provide a historical, 360-degree view of the business. This business-ready data helps P&C insurers change from being product-focused to being customer-focused, which in turn helps drive profitable growth through better segmentation, risk, and pricing \u2013 even in specialty markets.<\/p>\n
On top of this data hub, Omni-Insurance provides executives, underwriters, actuaries, claims, and finance teams with pre-built dashboards, reporting, and analytics that include the primary key performance indicators (KPIs) needed to manage their book of business. In addition, the solution collects and manages highly granular data that drives detailed analysis of risk, pricing, segmentation, claims, and more, which can\u2019t be achieved through summaries and KPIs.<\/p>\n
Finally, Omni-Insurance is built on Information Builders\u2019 data and analytics platform, so it is designed to be adapted to user requirements and specialties in any given insurer\u2019s market space. This ensures that P&C insurers can implement without the solution without losing the flexibility they need to address their markets.<\/p>\n
With a trusted data foundation, pre-built dashboards, reports, and KPIs, and the flexibility to accommodate the needs of their customers in their markets, Omni-Insurance helps P&C insurers understand risk, pricing, segmentation, claims, and other important facets of the business so they can compete more effectively on customer-centricity, product, and risk.<\/p>\n
\u201cInformation Builders has worked hand-in-hand with insurers for more than a decade to deliver powerful data solutions that drive profitability,\u201d said Dennis McLaughlin<\/strong>, Vice President of Omni Operations, Information Builders. \u201cOmni-Insurance will help P&C insurers make the most of their most valuable resource \u2013 their data \u2013 by bringing it together in an easy-to-use data and analytics hub that features common KPIs, customizable dashboards, and detailed analytics. We look forward to continuing to deliver new and innovative solutions that will help insurers grow and deliver even more value to their business.\u201d<\/p>\n Learn how Information Builders\u2019 solutions help drive profitable growth for the insurance industry here<\/a>.<\/p>\n The new solution is on display during Dig|In 2019 in Austin, Texas (May 29 \u2013 June 1, 2019).<\/p>\n About Information Builders<\/b><\/p>\n Information Builders provides the industry\u2019s most scalable software solutions for data management and analytics. We help organizations operationalize and monetize their data through insights that drive action. Our integrated platform for business intelligence (BI), analytics, data integration, and data quality, combined with our proven expertise, delivers value faster, with less risk. We believe data and analytics are the drivers of digital transformation, and we\u2019re on a mission to help our customers capitalize on new opportunities in the connected world. Information Builders is headquartered in New York, NY, with global offices, and remains one of the largest privately held companies in the industry.<\/p>\n Visit us at informationbuilders.com<\/a><\/p>\n Source: Information Builders<\/i><\/p>\n Tags: analytics<\/a>, Big Data<\/a>, customer experience (CX)<\/a>, data<\/a>, data management<\/a>, Information Builders<\/a>, Transformation<\/a> Read the original article at Insurance-Canada.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Pre-built data management and analytics hub provides business-ready data for improved customer-centricity, digital transformation, and profitable growth New York, NY (May 29, 2019) \u2013 Information Builders, a leader in business intelligence (BI), analytics, and...<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/15096"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=15096"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/15096\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=15096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=15096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=15096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}