Actionable Insights. Measurable Results.Accessible Big Data Driving Better Business.Imagine a world where you could spot new opportunities before your competitor does, where you no longer compete on price, but instead deliver relevant, adaptable products, and one where you and your clients work hand-in-hand to manage risk and reduce losses.

Whether you’re an insurer, reinsurer, MGA, or MGU, harnessing the power of big data has the potential to dramatically transform your business and deliver significant competitive advantage. With the insights you derive from your valuable policy data stores, you can achieve greater pricing accuracy, deeper customer relationships and more effective loss prevention.

With such compelling benefits, big data should be everywhere, yet while virtually all large enterprises have embraced it, only about half of mid-size insurers have1. Some organizations lack an in-house policy administration system and simply do not have access to the data. For others, the solution is just too big to be affordable.

OWN YOUR DATA. OWN THE MARKET. Instec clients now have an efficient and affordable way to extract and analyze the data gathered in their rating engine and stored in their policy administration system. With Instec, big data is no longer the exclusive domain of the large enterprise. It’s now accessible to all. Instec’s business intelligence (BI) and analytics solutions deliver several options for harnessing your policy data to drive actionable insights. Whether you’re looking for a self-service tool or something more packaged, business intelligence or predictive analytics, Instec has a solution to fit your need.

Business Intelligence and Analytics

For underwriters, as well as marketing and field reps, Instec’s advanced business intelligence and analytics capabilities give you increased visibility into the following aspects of your business, so you can grow more profitably, and mitigate risk:

• Types of risk and exposure• Business classes• Premium volume• Geographic locations• Endorsement levels• Renewal and retention rates• Producer performance• Account rounding• Rate change impact on book of business

Business intelligence

Predictive analytics

Packaged and self-service options

Efficient data extraction

Pre-mapped integration schemas

Support for four industry-leading BI and analytics

solutions

Robust reports and custom self-service dashboards

powered by

TM

1 Analytics and Big Data at Insurers: Current State and Expectations. Novarica, 2012.

RICH POLICY DATA, NOW MORE ACCESSIBLE THAN EVER. Instec makes it easy to leverage rich policy and transaction data to drive greater profitability through better decision making. QuicksolverTM’s pre-mapped integration schemas put an end to redundant data entry and provide you with a simple and fast way to leverage your data through a choice of BI and analytics systems. They also eliminate the typical custom development work required by IT for data extraction, speeding the implementation of big data capabilities for your line of business owners.

Instec’s BI & analytics solutions give users and decision makers advanced drill down and slice and dice capabilities through derived calculated measures, based on source policy data. In just minutes, you can determine where you’re most profitable, where the greatest room for improvement lies, and how changes in rates and impending regulations could change book values.

INCREASED VISIBILITY. IMPROVED REVENUE STREAMS.Instec’s BI and analytics capabilities provide robust operational reporting and predictive modeling to help insurers identify meaningful business opportunities across their entire client base, and in every territory they sell. By aggregating Quicksolver policy and transaction data into a single version of the truth, you gain powerful and comprehensive understanding of your strengths and weaknesses, in an instant. By evaluating operational aspects of your books, territories, and sub-classes of the business, you’re poised and ready to reap the benefits that include shorter quote-to-issuance times, greater underwriting accuracy, lower loss ratios, and accelerated business growth.

YOUR BUSINESS, YOUR CHOICE.Instec gives you the option to derive powerful operational metrics or game changing predictive analytics through whichever means fits your company and your needs best.

INSTEC’S BUSINESS INTELLIGENCE AND ANALYTICS SOLUTIONS

SOLUTION HOW IT HELPS ADVANTAGES

Microsoft Excel Power Pivot

A self-service tool enabling ad-hoc queries of Quicksolver quantitative policy and transaction information. Data can be dynamically measured, labeled, filtered and grouped for any available point in time.

A free add-in BI visualization tool for Microsoft Excel. Minimum overhead to provide and maintain the tool, and familiar Excel user interface minimizes the user’s learning curve.

SNL iPartners Insurance Scorecard

A hosted subscription BI tool with pre-built multi-dimensional report views and charts. Versions of manipulated report views can be saved as custom views for future use. Drill down capabilities allow access to source records for summarized groups.

Software-as-a-Service delivery model eliminates need for new infrastructure, security and systems management. Ability to include data from multiple policy administration systems provides a unified view across the business.

Yodil A web-based platform that includes reports, scorecards, dashboards, and ad-hoc capabilities. The Yodil Insurance Data Store (IDS) consolidates and standardizes data from multiple sources to provide a single unified data warehouse.

IDS can be licensed as a separate, system-agnostic platform to be used with any BI visualization tool. Management console enables scheduling and distribution of information based on user role.

Microsoft Azure Machine Learning

A cloud-based subscription offering that enables predictive analytics from historical data sets. Includes sample algorithms and supports custom R and Python code. Experiment components can be dragged, dropped, and linked in any sequence.

Truly customized predictive models provide the basis for creating competitive advantage. Models can be deployed as web services, with inputs passed through a web portal to obtain decision support data for virtually any insurance scenario.

We’re ready. Are you?

“Building and implementing analytical models often takes a significant amount of time and requires specialized skills. Instec’s out-of-the box analytics and reports, complemented by the ability to create insurer-specific models, is a high value add for Instec customers.”

Karen Furtado, Partner, Strategy Meets Action

1811 Centre Point Circle | Ste 115Naperville IL, 60563

630.955.9200 | www.instec-corp.com

Proud to power the niche market since 1982Instec delivers best-of-breed rating and policy administration solutions to P&C commercial lines insurers, MGAs, MGUs, and the solution providers that serve them. Our products are highly configurable, .NET based, and are built on the backbone of rich advisory insurance content, delivering unsurpassed speed to market while helping companies maintain compliance. Since 1982, Instec has empowered insurers and general agents to create highly specialized insurance products, go to market quickly, and scale with a minimal IT footprint. To learn more, visit www.instec-corp.com.

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