Allfinanz Offers Life Insurers Business Analytics Insight

Dublin-based Allfinanz, a provider of automated underwriting software solutions to the life insurance industry, today announced the launch of its new product: Allfinanz Business Analytics, a business intelligence product designed to provide users with a detailed insight into the “black box” of new business processing of new life insurance applications.

Designed to seamlessly provide detailed analysis and reporting capabilities, Allfinanz Business Analytics includes a library of predesigned reports for various stakeholders in life insurance companies, enabling them to analyze and continually fine-tune underwriting rules, operational processes and distribution effectiveness.

Reports can either be generated directly by end-users and business people on demand, without recourse to IT support, or be produced according to predetermined schedules. Once generated, reports can be interactively navigated, allowing relationships between data points to be pinpointed and investigated immediately. Reports include Agent Behavior & Sales Performance, Distribution Trends, Underwriting Philosophy & Risk Profiling, Case Duration Tracking, Evidence Requirements, and Underwriting Rules Tuning & Decision Path Analysis.