Comarch Business Intelligence for Insurance

Comarch Business Intelligence for the insurance industry

The insurance industry has always used a wealth of data to understand and assess risks, get a holistic view on trends and set their prices on policies. Business intelligence is the key to harnessing the full power of that data. The importance of implementing BI solutions is being noticed not only by the insurers with data-first culture, but also by those who want to keep up with more demanding regulatory changes and make better, data-based business decisions. With Comarch BI for Insurance, you will be able to extract data from multiple sources faster, make analyses and interpret data in an intuitive and effective way, create various smart visualizations and share your powerful insights with other users. This self-service solution also enables uniform and ad-hoc reporting in real time.

Comarch Business Intelligence for Insurance

Why Comarch BI?

Comarch’s market presence, experienced and innovative team, aligned with comprehensive expertise in data analysis and machine learning, has resulted in around 100 business intelligence dedicated projects successfully executed across many industries, including the insurance industry.

why business intelligence in insurance

Key features

Insurance companies face many challenges, especially in the modern, data-driven world. Comarch Business Intelligence for the insurance industry offers solutions to many potential problems they encounter, examples of which are shown below.

Problem

Increasing volume and velocity of data

Solution

In the world of rapidly growing amount of data, implementing BI solutions ensures intelligent data management and supports data quality enhancement and protection. Now, you can make sure to have a reliable, in real-time data source.

Increasing volume and velocity of data
Problem

Expensive and time-consuming data extraction

Solution

Comarch BI integrates with various data sources and enables you to extract and consolidate data quickly and efficiently – making it a time-saving and cost-effective solution.

expensive and time consuming data extraction
Problem

IT department overloaded with tasks

Solution

Comarch BI is a self-service tool – therefore no advanced IT skills are needed to navigate it efficiently. With its intuitive design and simplicity of usage, our solution is empowering every user to make smarter analyses and turn information into useful findings.

it department
Problem

Privacy and data-sharing

Solution

You can keep your information safe and protected by simply managing permission settings.

privacy
Problem

Multiple systems in the company

Solution

Our solution can be integrated or expanded with other Comarch solutions and systems. Moreover, Comarch’s unified interfaces across different products make the solution even more user-friendly.

multiple systems
Problem

Difficulty to understand data and draw meaningful conclusions

Solution

With many types of customizable and interactive visualizations, Comarch BI for insurance will boost your productivity and effectiveness by making information easier and faster to process, highlighting interrelations between elements and enabling you to identify insights that otherwise may have been missed. You can also share your data with other users and use the bulit-in communication mechanism to make comments, raise questions or disclose insights.

Difficulty to understand
Problem

Complex business processes

Solution

Comarch Business Intelligence for insurance companies offers the big picture of insurer’s key business activities (including open claims) and provides tools for process optimization.

complex business process
Problem

Meeting your requirements for the solution

Solution

Responding to our customers’ needs, Comarch BI can run on-premises, off-premises and as SaaS.

meeting requirements
Data complex

Further benefits for insurance companies

Comarch BI offers quick and easy-to-understand data analytics, facilitating:

Recognizing potential growth opportunities and responding to dynamic challenges
Accurate forecasting and predictive analytics in real time
Increased profitability and adapting to volatile requirements
Efficient and automated reporting
Ensuring compliance with regulations
Improved monitoring of the performance of your personnel and boosting customer service
Prompt analyses of policies performance
Efficient claims handling as well as careful calculation of premiums and reserves for insurance policies
Better risk management and underwriting

Key users

Comarch BI for insurance companies will be valuable for:

  • data analysts
  • product managers
  • business lines
  • sales
  • customer service
  • HR department
  • marketing
  • compliance
  • risk management
  • insurance agents
See our client’s references:

Find out more about our BI for the insurance industry implementantion at Oney Insurance (PCC) Limited.

Want to learn more?

Tell us about your business needs. We will find the perfect solution.