Insurers are grappling with multiple streams of data that potentially offer them actionable insights to formulate strategies, identify new market propositions and gain crucial market intelligence. But without effective analytics, they are reactive and cannot effectively prepare for new trends, costing them their competitive advantage. Their challenge is how to incorporate all of this data into data-driven decision processes.
Sapiens Intelligence for Life & Pension is a modular, highly innovative business intelligence solution specifically designed for the life insurance market. It offers life and pension providers complete analytic capabilities. It’s comprised of two pre-integrated components:
SmartStore is an intelligent data store that unifies and houses data. It gathers data from the Sapiens Core Suite for Life & Pension, and intelligently transforms it into an insurance-domain set of business logical models, designed for complex and in-depth analytics. SmartStore comes with an insurance-specific data structure, data marts and logical models tailored to life insurance business domains. This data store was specifically designed to enable the optimum application of smart analytics to insurance-specific requirements.
InfoMaster is a set of analytical applications, offering a wide range of data visualization and analytical capabilities through reporting, dashboards and data discovery. Incorporating Sapiens’ best practices and three decades of leading experience, InfoMaster helps life insurers begin reaping the benefits of analytics immediately. It includes advanced capabilities, such as full mobile support, self-service analytics and data visualization.
SmartStore business benefits include:
InfoMaster business benefits include: