EGI Insurance Services, Inc. Selects iPartners’ Business Intelligence Solution

iPartners’ Analytics to enable EGI to maintain high processing standards and foster continuous improvement

ATLANTA--(BUSINESS WIRE)-- iPartners, the leading provider of Software as a Service (SaaS) business analytics solutions to the property & casualty (P&C) insurance industry, today announced that Atlanta based EGI Insurance Services, Inc. (EGI), a wholly-owned subsidiary of EGI Financial Holdings Inc., has selected iPartners’ Insurance Scorecard to help monitor the growth and expansion of its new U.S. operation. Implementation of business intelligence (BI), dashboards, and portals designed specifically for EGI and non-standard auto coverage is currently underway and on track for production use in the first half of 2010.

EGI Financial Holdings plans to directly manage its underwriting and claims processes through its U.S. based subsidiary EGI Insurance Services to maintain the organization’s processing standards as they expand their U.S. market presence. The iPartners solution was selected as a key component of EGI’s new underwriting, claims and administration infrastructure, designed to support the company’s aggressive U.S. growth plans through carefully measured and managed growth initiatives and strong agent relationships.

Troy Druhot, Senior Vice President, EGI stated, “While we investigated a number of solutions, we were most impressed with iPartners and the flexibility their system offered. With the wide range of options and ways to look at our data, including the quickly customized dashboard view and detailed policy level data analysis, the iPartners solutions gives us a powerful tool to more proactively and better manage our business.”

Druhot continued, “Today’s competitive market conditions make business intelligence a critical component for a start-up business like ours. You have to be an agile organization and able to quickly identify what’s working and what’s not in order to make timely and necessary adjustments to the products and the operation. Add in the software as a service delivery of the iPartners system and we have the benefit of tremendous BI capabilities at a very attractive price point.”

Commenting on EGI’s selection of iPartners, Robert Lasher, iPartners founder and CEO, said, “It is very gratifying to work with a company like EGI – a company that recognizes the value of business intelligence as well as our proven software as a service business model. EGI can focus their time and talent on growing the business while they leave all the BI technology to us. We are pleased to be part of EGI’s strategy and look forward to working with the team as they grow their business.”

iPartners’ Insurance Scorecard Business Intelligence solution is an easy to use SaaS solution designed specifically for the P&C industry. The suite offers a complete analytics solution including: performance management dashboards and scorecards, ad-hoc detailed analysis, production reporting, and drill to detail.

About EGI Insurance Services, Inc.

EGI Insurance Services, Inc., a wholly-owned subsidiary of EGI Financial Holdings Inc., writes automobile insurance in the Southeastern United States. All of the company’s products are distributed through independent agents.

For additional information visit www.egiauto.com or call 770-884-1144.

About iPartners

As the industry leading provider of ‘on demand’ P&C insurance business analytics solutions, iPartners enables improved insurance executives productivity by delivering accurate, up-to-date, easy-to-use and relevant data via a suite of customized dashboards, scorecards, and a library of P&C specific KPIs (key performance indicators). Delivered via Software as a Service (SaaS), iPartners’ business analytics solution enables insurance executives to make higher quality and more timely decisions – the true measure of an insurance executive’s productivity. iPartners currently services over 25 customers and processes over 15 million policies representing over $12 billion in premiums. For additional information visit www.iPartners.net or call 888.618.8360 ext 220.

PR Contact:
Susan Douglas
Solomark Associates
[email protected]
847.895.2634

Source: iPartners