Hachshara Insurance Selects InsFocus BI for its Property & Casualty Division
Petach Tikva,
Hachshara company officials said that the system will primarily be used by the actuarial unit to study different P&C reserve and reinsurance actuarial models, insured driving habits and the effect of new automotive technologies on insureds' behavior. The unit will manage the company's pricing policy in a changing economic reality, responding to market trends and to customer needs, deepening price differentiation based on customer risk profile and maintaining portfolio profitability.
Hachshara's actuarial unit will use the InsFocus tool for profiling risk quality in its auto insurance property coverage. This tool will be also used by the company's underwriters to price policies according to specific risk profile.
"We chose InsFocus after thoroughly checking a few BI systems," says
"InsFocus executed a quick implementation project, which allowed the company to embed the system in a short time-span, while providing extensive insurance and underwriting information", says
About
InsFocus BI is an insurance-specific business intelligence suite delivering unparalleled value to insurance professionals at cost-effective prices. Leveraging decades of insurance industry experience with business intelligence (BI) and data warehousing expertise, InsFocus delivers clear, focused information to all insurance company domains including marketing, underwriting, claims, reinsurance, actuarial, risk and financial management.
InsFocus' team of BI experts has extensive experience in implementing business intelligence projects at insurance companies. Based on its unique pre-built insurance data model, InsFocus' team quickly and dependably delivers enterprise scale insurance BI projects.
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Read the full story at http://www.prweb.com/releases/2015/04/prweb12681106.htm
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