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Insurance Firm Uses Business Intelligence to Improve Financial Reserve Management
EMC Insurance Companies struggled with pinpointing the right amount of money to hold in reserve against potential case payouts; holding back either too much or too little could be disadvantageous to the firm’s bottom line. After a year in which the company experienced a run-up in reserves, EMC took steps to improve financial reserve management. The company selected PolyVista, advanced data analytics software built on Microsoft SQL Server Analysis Services, to uncover anomalies, correlations, relationships, and patterns hidden within the firm’s warehouse of claim data. After deploying the solution, EMC was able to improve financial reserve management, identify claims requiring special attention, improve data quality, support executive decision making with improved analysis, and better manage expenses. |
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PolyVista's
business intelligence software enables organizations to extract
superior insight beyond that provided by their existing
business intelligence tools. By inventively integrating several
leading edge technologies, not only does PolyVista enable users
to obtain answers to questions they may have, but also automatically
discover additional insight from rich data (structured and unstructured)
by identifying questions that users should ask, but never knew
to ask - PolyVista discovers 'gems' of intelligence hidden in
the data that would not have normally been extracted easily
by other means.
PolyVista offers a broad range of business
intelligence solutions, and has established a string
of successes with leading
companies across the globe." |
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