The Innovation Group announces a new version of InsurerAnalytics, the business analytics component of the InnovationInsurer suite. The new release includes enhancements for policyanalysis, advanced insurance analytics, usability, andextract/transform/load (ETL) process.

Insurer Analytics provides insurers a single enterprise view,thereby empowering the business operationally to measure, monitorand manage, as well as strategically uncover, insights andopportunities.

Insurer Analytics' expanded capabilities include additionalout-of-the-box content for policy around adjustments, coverages,and active policies; an extension of the data warehouse to providebasis for expanded policy analysis; comparison of result dataagainst baseline and trend; large data set visualization includingtime based progression; global, ranking and dynamic filtercapability; set key performance indicator (KPI) targets for servicelevel agreements (SLAs) from the user application; gridenhancements; dashboard manipulation; analysis input manipulation;search capability and extended parameterization; and auditabilityfor ETL.

Insurer Analytics provides data mastery components includinganalytics, BI presentation layer, ETL, a data warehouse / datamart, data sets and enterprise roadmap. The OOB solutions containedwithin Insurer Analytics are geared around maximizing revenues,managing performance across the insurance value chain, preventingcost leakage, and improving efficiencies.

Insurer Analytics can be used in multiple functional areaswithin an insurer, including customer data, distribution/channelmanagement, underwriting, policy service, claims, pricing,enterprise risk management, catastrophe management, fraudmanagement, and supply chain management. Insurer Analytics supportsall property & casualty lines of business.

“These enhancements to Insurer Analytics add further value to analready robust data mastery solution for insurance,” says AndyRoberts, Group CEO for Innovation Group. “Since the release of theMicrosoft-based solution in April, we have seen a significantincreased interest across a wider spectrum of the market because ofthe affordability, deployment options and business user-friendlydesign the solution provides.”

Insurer Analytics uses Microsoft SQL Server 2008 R2 for datawarehousing and its BI capabilities and Microsoft Silverlight todeliver an advanced BI presentation layer.

“Microsoft's BI technologies are receiving accolades fromanalysts and customers for simplicity of use, robust and dynamicvisualization and the ability to empower the business withself-service BI while IT maintains control of the data,” says TonyJacob, managing director, Worldwide Insurance at MicrosoftCorporation. “Now we're seeing Innovation Group—a great, strategicpartner with insurance expertise—using that technology to deliverand continuously improve a solution tailored for P&C carriersglobally. We believe it's the right solution delivered at the righttime to address what the P&C business demands.”