INSPRO INTRODUCES BI, ANALYTICS SOLUTION
InsPro Technologies, an Eddystone, Pa.-based provider of comprehensive and flexible life and health insurance processing solutions, announced the introduction and immediate availability of InsPro Analytics, a data analysis and business intelligence application pre-integrated with the InsPro Enterprise solution suite for life and health policy management.
InsPro Analytics is available through a traditional software license, as a hosted solution, or via software-as-a-service (SaaS), and is designed to import third-party data in order to build a robust data set as well as provide breadth, depth and detail with the resulting analysis.
The combination of InsPro Enterprise, a flexible, end-to-end policy management and administration suite, with the newly introduced InsPro Analytics, enables insurers to learn from the past and react quickly to best impact the future, the company says.
Additional InsPro Analytics' highlights include:
* Detailed business analysis for sales, customer service, actuarial and claims departments
* A single, streamlined user interface with decision trees and drag-and-drop mapping
* Easily customizable views and dashboards
* Demographic data mapping, numeric reports, and graphic and pie displays
* Extensive on-demand reporting with current data for the most up-to-date view of the business
* Data imports from external sources for more robust data set.
STONERIVER RELEASES V7.0 OF REINSURANCE SOLUTION
StoneRiver, Oakland, Calif., released version 7.0 of URS, its reinsurance software, which includes a Java-based user interface with business logic running on a J2EE application server. The N-tiered architecture and new technology improvements promise to enhance operations and scalability as well as streamline the reinsurance solution's multiple operating environments, StoneRiver says. A new browser-based interface enables desktop administration of processing cycles in the system's all-Windows environment.
The changes occurred in order to position URS to be more easily enhanced for use with additional databases and platforms, enabling insurers to access information more easily and efficiently. URS was created as a comprehensive reinsurance solution to provide insurance and reinsurance companies with an automated means of handling all facets of their reinsurance business, including reinsurance underwriting, claims processing and accounting. The reinsurance software manages treaties for ceded, assumed, retroceded, pools, and affiliates, says StoneRiver.
AIR UPDATES TRUEXPOSURE DATA SOLUTIONS
AIR Worldwide, Boston, added data quality scoring capabilities to TruExposure, a comprehensive suite of solutions to help property insurers and reinsurers validate, benchmark and improve exposure data used for catastrophe analyses.
TruExposure data-quality scores not only quantify the potential impact of missing primary risk characteristics on catastrophe loss estimates, but they also indicate where data improvements will have the greatest benefit, AIR says.
AIR adds that many insurance/reinsurance companies benefit from TruExposure. The new data-scoring capability in TruExposure was designed to leverage AIR's industry exposure database and advanced catastrophe models to provide two scores essential to understanding and improving the quality of data used for catastrophe risk assessment.
