InsFocus Systems Ltd. announced a comprehensive business intelligence system for insurance companies, InsFocus BI, which is preconfigured for the content, calculations, definitions, and data structure of the insurance world and meets the specific needs of insurance companies. The product comprises a variety of insurance-specific analyses, functions, and reports, adapted to insurance company personnel on all levels.
The system includes data structure designed for the structures accepted in insurance companies. In addition, it contains more than 150 predefined insurance objects and more than 30 insurance dimensions. InsFocus BI has an intuitive user interface that enables executives and insurance professionals to define reports and perform information analyses to fit their needs and priorities.
On the company level, InsFocus BI enables a translation and adaptation of the system to the local language and the company's own terms. A multinational insurance company can deploy InsFocus BI in its subsidiaries while adapting the system to its language and terms.
The system keeps the data at a maximum level of detail, which enables flexibility, such as displaying information on a daily, customer, or individual policy level. This is in addition to displaying the data on aggregative levels as needed. InsFocus also provides historical reports, and every report produced by the system can be displayed at any point in time.
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