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InsFocus BI
What Is InsFocus BI?
Market proven solution since 2004, InsFocus provides insurance companies with a data-warehouse and business-intelligence solution based on InsFocus Insurance Model. The model includes 400 insurance metrics and 200 report templates covering - Sales, Claims, Underwriting, Reinsurance, Finance and Actuarial departments. Information is available as Reports, Dashboards or Lists, covering both analytic and operational information requirements. InsFocus offers expert DW design and BI implementation.
Who Uses InsFocus BI?
Insurance companies, mainly P&C / Non-Life.
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Reviews of InsFocus BI
I have been working with the software for 10 years, in general insurance. I use the software daily
Pros:
The software is easy and convenient to use. You can create reports at the macro level and down to the micro level. The data is accessible and the analysis of the data is very easy. The software helps in ongoing business management. It enables you to receive current reports via email, and to view them from anywhere. Professional staff in support of software. Treatment of malfunctions, if any, is done professionally and quickly.
Cons:
In order to use the software effectively, all data and parameters used must be accurately defined. The running speed of the software depends on the server of the purchasing company. If you do not invest in a quality server, the speed can be slow. Despite this, compared with other systems of BI, the speed is high and satisfactory.
Best experience in the Shortest time!
Comments:
Implemented the system giving precise reports and dashboards solutions for all LOB's in the non life business in less than a quarter time.
Creating easily Profit and loss reports, Production monitoring , Renewals, Exposures for AY/UY, Breakdowns into segmentation for underwriting needs, Claims management performance , Actuarial rate making and reserving Inc. Triangulation , Finance and RI.
Pros:
Ease of use. Precision. Quick loading of reports. Flexibility for users.
Cons:
Need to add a statistical tool to enhance analysis.
InsFocus review
Comments: We have purchased the system 3 years ago, during which we implemented it across our organizational setup. Currently, the system serves as a opertional basis for underwriting teams; as a tool for decision making level executives; and also used for advanced analysis for the actuarial department.
Pros:
Fast performance, Easy to operate, Precise and accurately reflects the operating system.
Cons:
I would like to improve dashboards building
InsFocus Systems Response
8 years ago
Thank you Osnat for the kind review! Hachshara is a very important customer to us. Regarding dash boarding functionality - we have taken in much of your feedback. Version 3.4 coming out in Q2/2017 will contain an impressive set of improvements for this area.
The best BI software for insurance comapny's
Comments:
he software allows me as a manager Maximum data analysis, presents trends and business development. In addition to the software tool is used to control operations such as sales, marketing, underwriting, claims and dealer profitability analysis, a significant customer rules.
The service we receive is excellent, quick responses, improvements and updates and support requirements are not simple we ask from time to time.
As CEO of an insurance company decision-support tool that allows me to control daily and good decision-making skills and accurate.
Highly recommend !!
Pros:
Greater flexibility in selecting the data, precise control database and the data is displayed clearly and graphs
Cons:
non
InsFocus Systems Response
8 years ago
Thank you Shlomo for the very kind review! We are very happy to server Kesh International Underwriters and to be part of its success.
