Advanced System Designs (ASD) has launched a complete business intelligence (BI) solution developed specifically for the insurance industry.
The BI Express insurance solution drives data from an API through to scorecards, dashboards, and reports. Along the way, the system provides data stores that can support predictive modeling, ad-hoc data analysis, and custom reporting. In addition, the solution provides an architecture with control balancing, workflow management, and error reporting--increasing user trust in the data.
The ASD solution helps insurers gain insight into their performance and profitability by transforming complex transactional data into focused, relevant information for business analysis. BI Express is rich in content with hundreds of insurance-specific metrics. The solution puts reliable information in the hands of executives, underwriters, marketing and claims managers, and others to manage effectively pricing, rating, loss predicting, reserve setting, claims handling, distribution channels, and more.
"Business intelligence used to be a competitive advantage of the few that could afford it; today, it is part of the cost of doing business," says Aviva Phillips, insurance lead and business architect for ASD.
"ASD works with companies of all sizes with varying levels of BI maturity," says Justin Silver, director of business development for ASD. "We have designed our product with this in mind, offering a complete out-of-the-box solution, leveraged to jumpstart a custom BI solution or to accelerate the business benefits of an existing data warehouse program. Additionally, our solution can be deployed at the client's designated site, hosted in an ASD environment, or even Software as a Service (SaaS)."
(For more on business intelligence, read the Solutions Partners article authored by Aviva Phillips by clicking here.)
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