ATLANTA--(EON: Enhanced Online News)--iPartners, the leading provider of Software-as-a-Service (SaaS) business intelligence and data warehousing solutions to the property & casualty (P&C) insurance industry, today announced that Colorado-based ICAT has selected and deployed the iPartners business intelligence and data warehouse solution.
“We look forward to our continued partnership with iPartners as we move other critical business dimensions into the iPartners tool. We strongly believe that the iPartners solution will enable ICAT to make better, fact-based business decisions which will enable superior sales force management, and aggregate deployment decisions.”
The first phase of a multi-phase initiative is already in production with the deployment of the iPartners data warehouse which included the consolidation of policy, quote, and agent data from multiple ICAT core systems and databases. With the data warehouse now in place and the ability to better leverage ICAT’s wealth of business data, ICAT will be working with iPartners to enable a strong employee ‘self-service’ reporting infrastructure to drive process improvement, customer service and sales delivery.
The next phase of the project is currently underway and will entail loading claim data into the data warehouse from Guidewire ClaimCenter® and other claims systems, as well as other CAT modeling data sources, providing an even broader set of data for decision making, analysis, and reporting.
ICAT’s CIO Michael Ferber, stated, “ICAT has long sought an easy to use reporting solution which can be quickly developed, adopted and extended by our business team, without extensive involvement from our valuable IT resources. We were impressed with iPartners’ combination of industry and data modeling knowledge which allowed them to successfully translate our critical business data into meaningful, useful reporting solutions. ”
Ferber continued, “We look forward to our continued partnership with iPartners as we move other critical business dimensions into the iPartners tool. We strongly believe that the iPartners solution will enable ICAT to make better, fact-based business decisions which will enable superior sales force management, and aggregate deployment decisions.”
Commenting on ICAT’s iPartners deployment, Robert Lasher, iPartners founder and CEO, said, “It’s been a great experience working with the ICAT team through the selection process as well as the first phase of the implementation. Taking the time upfront to consolidate the data into an extensive data warehouse will make the reporting and analysis even more effective for evaluating the ICAT business and making decisions going forward.”
iPartners’ insurance business intelligence solution is an easy-to-use SaaS solution designed specifically for the P&C industry. The suite is built around an insurance specific data model and offers a complete analytics solution, including a data warehouse, performance management dashboards and scorecards, ad-hoc detailed analysis, production reporting, and drill to detail.
ICAT, the principal underwriting subsidiary of Paraline Group, specializes in underwriting homeowners and small to middle market commercial properties located in catastrophe-exposed regions of the United States. ICAT underwrites through its Lloyd’s of London Syndicate 4242, (rated "A" [Excellent] by A.M. Best Company and "A+" [Strong] by Standard & Poor’s) and on behalf of other insurance companies and other Syndicates at Lloyd’s. For more information, visit www.icat.com.
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 45 customers and processes over 15 million policies representing over $20 billion in premiums. For additional information visit www.iPartners.net or call 888.618.8360 ext 230.