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| Reports ASAP is a Business Intelligence and reporting solution for insurers providing the following capabilities. |
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Pre-built Insurance Reports |
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Powerful ad-hoc reporting capability |
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Rich and easy-to-use User Interface |
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Both online and offline modes |
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Executive Dashboards |
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| For insurance companies to best address complex business issues and gain deep insight into their performance and profitability, they must be able to transform complex transactional data into focused, clearly analyzed and relevant information. With such information at their disposal, insurers can monitor business trends, optimize product pricing, and identify profit and loss-making segments. Business intelligence (BI) tools provide this analysis. And today, according to industry analysts, more insurers are seeking insurance-specific BI solutions to address the specific needs of diverse, cross-organization information users such as executives, marketing managers, underwriters, claims managers, reinsurance professionals, actuaries, and accountants. That's why Reports ASAP is a business intelligence solution designed specifically for insurance companies. |
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Reports ASAP is an end-to-end solution that perfectly fits the needs of insurance companies. Combining dozens of years of insurance know-how with business intelligence expertise, Reports enables insurers to gain insight into their business performance and profitability. Easy to use and maintain, is an intuitive system that allows non-technical insurance professionals to focus on what they know best - insurance. Based on state-of-the-art technologies, Reports ASAP is an open, modular solution that is easily customized to address the specific requirements of any insurance company. Spanning the full spectrum of the data warehousing process - from raw data transformation to clear and accurate reporting - the comprehensive solution helps insurance professionals at all levels make better business decisions and increase profitability. And since Reports ASAP contains a wealth of insurance-specific components, it is quickly implemented in just months, thereby delivering an extremely rapid ROI. |
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Reports ASAP enhances insurance company profitability by delivering clearly analyzed and focused information to business
executives and professionals in the following domains:
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Marketing - distribution channel performance, marketing campaign effectiveness, policy activity analysis, cross-selling and upselling report generation |
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Underwriting - profitability indicator monitoring including loss-ratio and loss-frequency, risk analysis, client-level underwriting results |
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Claims - claim activity monitoring, claim type and reporting delay analysis, claim party activity control, reserve sufficiency analysis |
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Reinsurance - catastrophe exposure control, reinsurance cession profitability, reinsurance statistics |
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Actuarial and accounting - claim development statistics, loss experience analysis by tariff group, daily pro-forma profit-andloss account monitoring |
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End-to-end solution from extract, transform and load, through system management, to reporting and analysis |
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Insurance-specific functionality encompassing data structures, transformation processes, calculation methods, metrics, dimensions, and reporting templates |
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Easy customization to insurers’ specific data structures, business processes and language |
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Intuitive, user-friendly interface for non-technical insurance professionals |
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Modular, SOA-based system for communicating with other applications and services |
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Dynamic calculation of earned and unearned premiums at any date |
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Claim development (triangulation) and claim reserve run-off analysis |
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Unlimited, product-specific, risk-analysis parameters |
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Drill-down to any level including individual client, policy or claim |
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Changing organizational structures for support of "as-if" scenarios |
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Full meta-data management for all measurements, dimensions and reports |
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Time-rollback for viewing a report as it appeared at any previous date |
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Query accelerator using aggregation tables |
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Advanced security methods incorporating X.509 and Active Directory |
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Report saving and offline display |
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Advanced printing and exporting to all common formats (PDF, HTML, Excel, text, image files) |
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| Data
Warehouse
Model |
| A dimensional model designed for insurance content that incorporates numerous insurancespecific
structures, pre-calculated variables and analytic functions. The model is specifically
designed to provide the highest level of analytics and reporting flexibility. |
| Data
Integration
Module |
| An array of integration processes that takes the insurer's raw data as is, performs a full range
of transformations, calculations and control processes, and loads the results into the data
warehouse. The module is fully customizable and supports daily incremental data input. |
| Query
Engine |
| A parametric query-building mechanism that interprets and translates users’ requests based on
insurance business language into complex software query procedures required for executing
calculations. |
| Application
Server |
| A central Web service responsible for system communication, security and encryption. The
application server controls all system operations, including administration of user permissions,
data access and user-activity recording. |
| User
Interface |
| A multi-lingual, user-friendly and intuitive environment that enables non-technical insurance
professionals to define reports and conduct analyses using familiar insurance terminology. This
ensures a short learning curve and widespread adoption throughout the company. |
| Dashboard |
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| Pre built Reports |
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| Ad-hoc Reports |
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