XL’s enterprise business intelligence initiative was established to deliver insights using information across its diverse business units world-wide – in an aggressive timeframe.
The insurer plans to consolidate data from multiple source systems across its global enterprise, marrying information from policy, claims, financial, reinsurance, etc., including contemplation for multi-currency concerns, says a source close to the deal.
“As a global company with extremely diverse business needs, it is important to XL that our chosen partners have not only proven technology, but also depth and breadth of industry knowledge. Given Cover-All’s experience working with other global insurance carriers, they were well-positioned to provide support for XL’s complex demands,” commented Kurt Schulenburg, VP of IT strategy at XL.
“We can greatly accelerate the most complex aspects of our current BI program and begin reaping business value as early as this year by leveraging Cover-All’s solutions,” commented Said Taiym, XL’s VP of IT strategy – enterprise management information.
Cover-all is known for its business acquisition platform, My Insurance Center, and the recently announced Business Intelligence Solution. The company has paired the functionality of My Insurance Center NexGen as well as the NexGen Business Intelligence Suite with experienced service professionals, who, after implementation, ensure continued compliance with statutory, regulatory, and market differentiation needs.
