North Star Mutual Insurance Company Selects iPartners’ Insurance Scorecard Business Intelligence Solution

iPartners solution to offer business intelligence, advanced analytics, and single-view of insurer’s policy and claims data

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 its iPartners’ Insurance Scorecard business intelligence solution has been selected by Minnesota based North Star Mutual Insurance Company. The iPartners solution will provide consolidation and analysis of North Star’s current and historical policy and claims data to provide greater insight and improved decision making. Delivered through a Software as a Service (SaaS) model, the Insurance Scorecard offers North Star a quick implementation and a cost effective approach.

After an extensive market search of available solutions, iPartners’ Insurance Scorecard was selected due to the combination of the quality of the product, quick time to market, an attractive TCO and iPartners’ proven expertise in business intelligence and insurance.

Commenting on the iPartners selection, North Star’s senior vice president and CIO, Verlin Scheer said, “In addition to offering an outstanding solution with Insurance Scorecard, a big contributor to our selection of iPartners was the consistently positive feedback we received from the iPartners customers. We made our decision with the strong belief that iPartners brings the ability, the desire, and the commitment to work with us as a partner to enable our success.”

In addition to the consolidated view of the property & casualty data, Insurance Scorecard will provide a broad range of North Star users with a robust reporting and analytics environment, dashboards, scorecards, key operating metrics, and detailed analysis – all to enable greater insight into the business for advanced decision making.

Anticipated benefits from the implementation of Insurance Scorecard include:

• Enhancing the company’s competitive position;
• More accurately gauging results and more effectively responding to the volume of business driven reporting;
• Provide a more granular look at areas of our business to assist in proper rating and underwriting, thus producing improved loss experience where needed; and
• Free up North Star IT resources, allowing them to focus time and effort on other critical business initiatives.

“We appreciate North Star’s confidence in our Insurance Scorecard product as well as in our abilities and our commitment to their success. It is really this combination of attributes that has made us and keeps us the leader in our market segment, and it is always gratifying to hear this validated by our customers,” commented Robert Lasher, iPartners founder and CEO. “We look forward to working with North Start to deliver a high-value production environment and to share with them all of our knowledge and best practices to ensure they derive maximum value from their iPartners environment.”

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 North Star Mutual Insurance Company

Since 1920, North Star Mutual Insurance Company has provided property and casualty insurance to protect families and small business owners from financial disaster. Headquartered in Cottonwood, Minnesota, North Star is a mid-sized regional personal and commercial lines writer offering fire and allied lines, farm windstorm and hail, homeowners, mobile homeowners, private passenger auto, commercial auto, farmowners, business owners, commercial multiple peril, inland marine and general liability policies. Approximately two-thirds of the group’s direct writings were generated in its home state of Minnesota, where the group is the largest writer of farm windstorm and hail coverages. North Star’s products are sold exclusively through local, independent insurance agents. Although they’ve grown substantially over the years, both in the geographic area they serve and the insurance coverage they provide, the company holds firmly to its rural values. North Star carries an A+ (Superior) rating from A.M. Best.

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 35 customers and processes over 15 million policies representing over $18 billion in premiums. For additional information visit www.iPartners.net or call 888.618.8360 ext 230.

PR Contact:Susan DouglasSolomark Associates
[email protected]
847.895.2634

Source: iPartners