Business analytics for insurance

In order to stay competitive insurance companies must have visibility into every facet of their business. In order to maximize profitability and returns they need a comprehensive view across claims, customer service, the workforce and overall performance in order to make the right decisions fast.

IBM® Business Analytics software provides a comprehensive portfolio of business intelligence, financial performance management and advanced analytics and risk and compliance software that helps companies unite data and effectively plan, understand, manage and predict financial and operational performance.

By unlocking data captured in disparate systems and coupling it with the right capabilities, insurance companies can outperform in areas such as:

• Executive insight: Provides insurance executives, decision-makers, business users and board members with a deep, transparent view across the whole organization, including corporate and regional performance for underwriting, claims and production.
• Risk and compliance: Insurance companies can eliminate risk and compliance silos, manage risk across the business, sustain compliance across multiple regulations and embed compliance activities into core business practices.
• Customer care and insight: Gain a single view of customers to help increase wallet share, predict customer behavior, improve customer satisfaction and loyalty, service mass market customers more cost effectively and offer the products and services they need.
• Operational efficiency: Shore up internal operations—including finance, IT, customer service, HR, sales—to ensure the entire organization is running at peak efficiency.

• Learn more: Download the Business analytics for insurance white paper (4.54MB)

The fastest methods
Insurance organizations have no time to waste in implementing software to achieve maximum value and ROI. IBM Performance Blueprints are free quick-start solutions that address planning and performance management process areas that directly impact your organization's ability to create business value. Blueprints for insurance include ones for executive insight, IT cost transparency and product profitability.

The requisite experience
Many of the leading players in insurance already choose IBM Cognos software, including:

• Four of the top five global P&C insurers.
• Four of the top five North American insurance companies.
• Five of the top seven insurance companies in the world.