Insurers Showing Increasing Interest in Business Intelligence Solutions; Novarica Profiles 21 Vendors
Solutions leverage data to analyze information, make decisions, and manage performance
January 4, 2017 (BOSTON) – Insurers continue to show growing interest in business intelligence implementation to improve data and analytics capabilities. Nevertheless, despite continued plans for devoting budget and staff resources to expanding BI use, most insurers have implemented only basic capabilities. In its latest Novarica Market Navigator report, available here: https://novarica.com/bi-solutions-for-insurers/, research and strategic advisory firm Novarica outlines the current market for Business Intelligence solutions to help insurers understand their options.
“While implementing business intelligence solutions continues to be a top insurer priority, many carriers struggle with some common roadblocks,” said Tom Benton, Vice President of Research and Consulting at Novarica, and co-author of the report. “These might include multiple core systems with silos of data, questionable data quality or completeness in older systems, a policy view rather than a customer view, and a lack of formal data governance and data definitions.”
The report, available at https://novarica.com/bi-solutions-for-insurers/, provides detailed, multi-page profiles of 21 vendor solutions that include information on each vendor’s capabilities, technology, and market position. Vendors profiled include: 1insurer, 4Sight Business Intelligence, Hexaware, IBM, Information Builders, InsFocus Systems, Insight Decision Solutions, Insurity, Intellect Design Arena, Kofax, Majesco, Microsoft, Oracle, Policy Administration Solutions, Qlik, S&P Global Market Intelligence, SAP SE, Semantify, SpatialKey, Tableau Software, and Yodil.
Desk copies of the brief are available to qualified media. Please contact email@example.com or call Adam Asher at 617-897-1921 for more information.
Novarica helps more than 80 insurers make better decisions about technology projects and strategy. Its research covers trends, best practices, and vendors, leveraging relationships with more than 300 insurer CIO members of its Research Council. Novarica’s advisory services provide on-demand phone and email consultations on any topic for a fixed annual fee; its consulting services include vendor selection, benchmarking, project assurance, and IT strategy development, providing rapid, actionable insights and guidance, delivered directly by the firm’s senior team. www.novarica.com.