ibi Introduces Omni-Insurance for P&C Insurers
Pre-Built Data Management and Analytics Hub Provides Business-Ready Data for Improved Customer-Centricity, Digital Transformation, and Profitable Growth
New York, NY
Information Builders (ibi), a leader in business intelligence (BI), analytics, and data management solutions, today announced the launch of Omni-Insurance, a data and analytics hub that provides property and casualty (P&C) insurers with business-ready data to help them transform from a product-driven to a customer-driven enterprise. The new solution will be on display during Dig|In 2019 in Austin, Texas from May 29 to June 1, 2019.
P&C insurance companies are investing substantially in digital transformation across every aspect of their businesses, from policy and ratings to claims and billing. However, the applications they implement often focus only on improving operational efficiency, and the data siloes they create can hinder the companies’ ability to meet their digital transformation goals.
ibi’s Omni-Insurance provides P&C insurers with a subject-oriented data repository that integrates data about insured parties, brokers, policies, underwriters, assets, and claims to provide a historical, 360-degree view of the business. This business-ready data helps P&C insurers change from being product-focused to being customer-focused, which in turn helps drive profitable growth through better segmentation, risk, and pricing – even in specialty markets.
On top of this data hub, Omni-Insurance provides executives, underwriters, actuaries, claims, and finance teams with pre-built dashboards, reporting, and analytics that include the primary key performance indicators (KPIs) needed to manage their book of business. In addition, the solution collects and manages highly granular data that drives detailed analysis of risk, pricing, segmentation, claims, and more, which can’t be achieved through summaries and KPIs.
Finally, Omni-Insurance is built on ibi’s data and analytics platform, so it is designed to be adapted to user requirements and specialties in any given insurer’s market space. This ensures that P&C insurers can implement without the solution without losing the flexibility they need to address their markets.
With a trusted data foundation, pre-built dashboards, reports, and KPIs, and the flexibility to accommodate the needs of their customers in their markets, Omni-Insurance helps P&C insurers understand risk, pricing, segmentation, claims, and other important facets of the business so they can compete more effectively on customer-centricity, product, and risk.
Dennis McLaughlin, vice president of Omni Operations, ibi, said:
“ibi has worked hand-in-hand with insurers for more than a decade to deliver powerful data solutions that drive profitability. Omni-Insurance will help P&C insurers make the most of their most valuable resource – their data – by bringing it together in an easy-to-use data and analytics hub that features common KPIs, customizable dashboards, and detailed analytics. We look forward to continuing to deliver new and innovative solutions that will help insurers grow and deliver even more value to their business.”
Learn how ibi’s solutions help drive profitable growth for the insurance industry here or register to meet experts in Booth 330 at Dig|In 2019.
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.