Insurance Analytics Platform

Insurance analytics that deliver measurable, profit-maximizing insights across the entire Insurance Value Chain.

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Insurers are experienced with large-scale data collection, gathering policyholder data to set prices and assess risk.

Yet legacy architectures and scattered data stores hinder analysis, stall innovation, and fail to provide actionable insights.

Our Insurance Analytics Platform was built on a century of industry data, and is a pre-engineered, value-driven solution that provides you a single, clear view of your entire business.

With an extensive background in both the insurance industry and big data analytics, we’ll help you utilize the information you already collect to make better decisions.

Why Experience Makes All the Difference

Data analytics projects fail fast when they’re built by people who haven’t seen the edge cases; experience means fewer surprises and faster impact. Using our IAP platform lets you:

  • Show tangible value early by aligning your data analytics implementation with the Insurance Value Chain.
  • Deliver actionable data insights to drive strategic and operational decisions in months, not years.
  • Analyze your insurance data with valuable context. See how you compare to the market’s historical performance for the last 100 years.
  • Identify your most profitable customers by predicting the lifetime value and resilience of your customer segments.
  • Become a data-driven organization with a single source of truth to drive innovation and collaboration.
  • Build with confidence knowing that today’s solution sits on an extensive architecture built to scale as you grow.
  • Securely leverage AI to reduce the amount of fraudulent claims; from simple opportunism to complex, organized schemes.
  • Understand customer churn. Predict who and why someone might leave based on recent activity and historical patterns

Insurance Analytics Platform Capabilities

Our platform is built on insurance analytics software that works even if your data spans multiple core systems:

Pre-Built Visualizations

30+ Pre-Built Visualizations are designed to support the real-world use cases across the value chain. This solution enables ad-hoc analysis, allowing your organization to reduce dependence on IT for most report and data query requests.  

Modern Analytics Architecture

Underpinning the platform is a Modern Analytics Architecture that prepares your organization for business intelligence, advanced analytics, IoT, data quality and other enterprise information management needs.  

Business and Metrics Definitions

Clearly defined business and metric definitions allow management to make decisions from the Pre-Built Visualizations and Data Model. We will customize definitions to your specific requirements.

Insurance Data Model

The Insurance Data Model is comprised of over 300 tables and thousands of attributes. It was designed to support Pre-Built Visualizations and other reporting supported by the platform.

Monitoring Dashboards

Our Cost Monitoring Dashboard tracks every element of your cloud infrastructure and helps us optimize your environment. Our Audit / Balance / Control framework measures KPIs across each layer and sends alerts if there are any mismatches.

Data Modernization Consulting for Process Improvement

As SECURA undergoes our core system modernization journey, we recognize that many of our inefficiencies are due to how we process data. IAP is helping us decouple from the mainframe and legacy processes. This will enable us to rollout new products and new states more efficiently. The expertise of Centric and their experience working with other clients in core system transformation has been a great asset in this journey.

Jack Brown, Director, Secura

Why Insurance Data Fails to Fuel Decisions

You’re losing margin because foundational problems stay hidden; expose the failure modes, then apply the fixes.

How IAP Supports the Insurance Value Chain

Our insurance analytics platform supports our comprehensive Insurance Value Chain, which ties performance metrics to functional areas of your business. Business and metric definitions ensure clarity in decision-making.

Defeating Property Casualty Insurance Challenges

In our ebook, Defeat Property & Casualty Insurance Challenges with a Modern Analytics Approach, learn how to align your data strategy to your business strategy and implement a modern analytics approach for company growth!

Read The Ebook

Why Choose Centric’s Insurance Analytics Platform?

Our Insurance Analytics Platform is built on modern architecture that supports large data projects. It:

  • Sets a foundation you can trust and build-upon with a consistent, proven and scalable architecture.
  • Never runs out of nightly processing time and enables real-time loading on scalable distributed platforms.
  • Seamlessly integrates new data across your enterprise into a common view.
  • Achieves higher velocity-per-dollar of development resources, up to 2 times the amount.
  • Dramatically lowers your incidence of bugs through code automation, ETL patterns and efficient design.
  • Focuses on delivery of key data without jeopardizing potential high value data thanks to robust auditing and data preservation.

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Become a carrier of choice

You bring your data challenges. We bring our insurance industry knowledge and analytics expertise. Together, we can use data to drive better business outcomes.

 

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Transform your insurance data into real business value.

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