ibi Advances Analytics for P&C Insurers With Insurance Performance Foundation Enhancements
Insurance Performance Foundation Speeds Time to Value With Responsive Design and Mastered Data Integration
New York, NY
Information Builders (ibi), 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 ibi’s 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, ibi, 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.”
Learn more about ibi’s solutions for the insurance industry by visiting our website.
ibi is a data and analytics company that embeds intelligence into ― everything. From the beginning, ibi has known the importance of data and insights to make better decisions. We help organizations get their complex and disconnected data in order, so they can build, embed and automate intelligence in everything they do. By preparing organizations for the future and turning them into builders ― information builders, everyone can use enterprise-trusted data at scale to drive their growth. Whether our customers use pre-built applications or build their own solutions for their data and analytics challenges, ibi powers their innovation and reinvention. ibi’s open platform and industry-specific building blocks accelerate speed-to-market, improve operational efficiency, and enhance their customers’ experience.