Quickly turn insurance data into better 'right-time' decisions players

FIQS delivers functional business intelligence capabilities tailored exclusively to the insurance market. Over the years, INSolve has designed and deployed solutions based on insurance-specific business challenges such as:

1. Inability to get answers to basic questions faced in the Insurance industry. Questions like how many claims are open, how many claims have closed, what the loss ratio is, or how long it takes to close claims over a period of time?
2. Unable to slice and dice data to analyze policy production by channel, by agent (direct vs. independent) by geography, or by line of business.
3. Unable to visualize/analyze claim trending or adjusters’ performance over time
4. Relying on monthly bordereaux and product quotes, with no daily view of the business
5. Unable to clearly evaluate loss ratios over time, by line of business, or by underwriter
6. Limited or no self service reporting for employees
7. Difficulty complying with Sarbanes-Oxley

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Multi-disciplined Insurance Agile Solutions.
The INSolve FIQS solution takes insurance expertise and turns it into a fast-track insurance business intelligence solution. INSolve provides tailored, market-proven business intelligence resources that deliver key insurance business metrics, data connectors, and reports right out of the box. INSolve’s insurance data warehouse solution deploys on top of your Business Objects Edge Series solution. Typically in less than 45 days it can provide an insurance company’s executive team access to consolidated data. The INSolve FIQS Solution is able to turn insurance data into high quality information to meet analysis, reporting and decision-making requirements at all levels of the company.

Insurance Data Models at the Core
Using the INSolve FIQS solution for immediate business benefits can quickly help insurance companies evaluate which areas of its business are more or less profitable, opening up an opportunity to save money that’s based on real-time actionable data.

Fast Track to Insurance Business Intelligence
The INSolve FIQS solution is easy to implement and deploys quickly because the solution is structured on best practices based on insurance customer requirements. Insurance companies can take advantage of the INSolve FIQS’ pre-built reports and dashboards that are tailored for use with insurance industry specific applications to provide management with fast, easy-to-use data visualizations.

Almost immediately, an insurance customer can gain the capability of examining production, often down to the hour. Management can now easily compare actuals to budgeted numbers on a daily basis.