Bituach Haklai Implemented an Insurance BI System from InsFocus

Tel Aviv, Israel (PRWEB) August 26, 2011

Bituach Haklai had purchased and successfully implemented InsFocus BI, the insurance BI system by InsFocus.

InsFocus BI is an analysis and reporting system tailored specifically for the insurance industry and provides all the knowledge required to handle the insurance data more efficiently. This system replaced a previous BI system from a different vendor that had been installed at Bituach Haklai.

After a short and efficient implementation project, the system was up and running and had since then been providing diverse executive reports and analysis including operative data, profitability KPI’s, reinsurance data and a dynamic platform for actuarial analysis and reserve calculations.

Mr. Arieh Herman, General Manager of Bituach Haklai, reports that “InsFocus BI had been tested and found to be the most suitable system for handling our company’s needs at Bituach Haklai, both today and in the future to come. This system will allow us to continue to maintain our grasp in the market, improve our profitability and bring up to date and accurate data to the decision makers in the company, which will improve and streamline our organization”.

Mr. Uri Taiber, founder and CEO of InsFocus had been quoted as saying that “Bituach Haklai had approached us to implement InsFocus as the company’s BI system, to provide their decision makers with the executive information required for maintaining the company’s effectiveness and profitability. Bituach Haklai is one of the insurance veterans in the Israeli market and is active in general insurances with an emphasis on agricultural communities. One of the challenges that we had to meet in this project was to deliver our solution to Bituach Haklai within a very tight schedule. Thanks to our profound understanding of insurance business and the built-in insurance data model of InsFocus BI, we managed to deliver the project within a few months”.

About InsFocus Systems:
InsFocus is a leading provider of insurance business intelligence software. Leveraging decades of insurance industry experience paired with BI and DW expertise, InsFocus Systems brings advanced analytics to every part of the insurance business, including marketing, underwriting, reinsurance, actuarial, and accounting domains. Building on its proprietary data model and extensive field experience, InsFocus has developed Structured Insurance BI Methodology. Using this methodology, InsFocus creates and deploys structured BI projects with a focus on predictable and accurate results, customizability, and user-friendliness. InsFocus is a Microsoft™ Certified Gold Partner, operating globally through local implementation partners.

About Bituach Haklai:
Bituach Haklai is one of the oldest insurance companies in Israel and is active in general insurance both in the private sector and agricultural communities. In the private sector the company sells motor, home, and business policies along with liabilities to industries. In the agricultural community sector, the company sells an array of property and liability policies to their industries along with motor, livestock and accident policies.

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