The insurance industry is largely seeing the need to have the ability to derive increased data sophistication along all aspects of the insurance value chain—marketing, underwriting, sales, service, and claims. Most insurance companies face the following challenges - custom and legacy applications are a norm rather than exception, disparate operational application silos for management reporting, stringent regulatory and governance requirements and pressure to reduce IT costs.

AccelTeam’s BIzPoint INSURANCE is a powerful performance management solution for the regulated and competitive Insurance Industry. It provides an analysis platform that encompasses the whole insurance vale chain. Managers are able to, amongst others, perform revenue and expense planning, customer segmentation, customer attrition analysis and channels / agent performance tracking.

The advanced data-mining algorithm reduces effort and valuable time-cost in manually identifying fraudulent claims. Auditors are automatically notified when a claims profile trigger a workflow for further investigation.