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To discuss how our team can help your organization or to view a live presentation email us at research@systechusa.com

BI Solutions for Insurance

Systech's comprehensive solution for Insurance optimizes large data volumes at insurance companies and provides an adaptive business intelligence solution for operational, regulatory, and financial transparency. It provides insurance companies with the insight they need to increase revenue, reduce costs, and comply with industry regulations and standards.

Applications:

  • Property and Casualty: Non-life Insurance and General Insurance
  • Workers’ Compensation
  • Extended Warranty
  • Individual Life and Group Life Insurance
  • Reinsurance
  • Product Workbench: Product Configurator, Business Rule Engine
  • Agent’s Workbench

Benefits:

  • Assists in cost control, resource allocation and operational management
  • Monitors and manages sales targets, agents and channels
  • Strengthens customer/agent loyalty by offering client value in the form of policy and claims information in personalized reports
  • Monitors claims by geography, business area, customer, product, type and handler to help scrutinize false claims and identify issues
  • Identifies and takes corrective measures for inefficiencies, process issues, and under performance using powerful key performance indicators (KPIs) and metrics
  • Calculates and adapts pricing and strategies based on accurate forecasts and trends
  • Delivers relevant, concise information to policyholders, regulators and business users
  • Aligns performance with strategy and objectives and enforce accountability
  • Monitors and reports claim performance