Information Builders, a leader in business intelligence (BI), analytics, and data management solutions, today announced new enhancements to its Insurance Performance Foundation (IPF), including a new responsive user interface, agile implementation, and integration with Omni-Gen™ Master Data Management. Together, the enhancements speed time to value for analytics initiatives within North American property and casual (P&C) insurers.
Institutional knowledge is no longer enough for P&C insurers to remain competitive. As large insurers increasingly turn to analytics to reduce loss ratios, mid-sized organizations are replacing core systems to improve operational efficiency, inadvertently diminishing their ability to gather actionable insights from data. With a proven track record scaling from monoline regional insurers to the largest national insurers, IPF features prebuilt P&C building blocks that allow insurers to implement analytic capabilities they need most, when they need them, with minimal development and certainty of getting a complete solution. Instead of manually parsing through data sets, underwriters, actuaries, claims teams, and executives can readily tap into IPF’s thousands of reporting combinations to drive business-wide alignment and profitable growth insights not readily available to bigger siloed insurers.
IPF provides P&C insurance-specific content and functionality created with Information Builders’ powerful integrity, integration, and intelligence platform, allowing insurers to be self-sufficient in tailoring the solution to fully address the analytic business opportunities that are unique to your model. Responsive Design means intelligence automatically deploys to web, tablet, and mobile devices ideal for external portals to improve agency performance and better align insured coverage.
Gerald Cohen, president and CEO, Information Builders, said:
“For more than 10 years, our Insurance Performance Foundation has helped P&C insurers leverage their data to gain a competitive advantage. IPF’s latest enhancements make it easier than ever before for everyone, from executives to claims managers, to quickly manage their book of business based on trusted data. We’re excited to roll out these latest enhancements to help deliver even more value to our customers.”