Management Information
Increased competition, shortened decision cycles and a continuing pressure to cut costs whilst still delivering excellent service, are all features of today’s general insurance market. Basing operational management, planning and strategy on sound information is crucial, but with more and more sources of data this is becoming increasingly difficult to achieve. ICE Track™ is a reporting and analysis solution designed to meet these challenges for general insurance.
Key Features Include:
- Speed of implementation – with feeds from all major broking and insurance systems we can extract data from many different source systems and consolidate it into a single view within weeks, via our ICE Cube™ data warehouse. ICE Cube also supports online analysis
- Pre-configured cubes and report templates mean that 95% of your management information
requirements are covered out of the box – policy conversion rates, profitability, claims
experience, aged debtor analysis and agency analysis are all included - Transformation of data into meaningful facts and dimensions that support the business
- Full day-to-day reporting templates pre-configured for a typical general insurer
- Whether you are a large insurer or broker we can deliver key performance indicators (KPI’s) or service level statistics via secure web-based reporting to you, your suppliers or customers
ICE Track helps Operational Managers Improve Efficiency and Drive Down Costs:
- Fast and accurate standard management reports can be produced for all systems from one set of consolidated data
- Reports are defined with expected norms and any anomalies highlighted
- Drill-down from reports help seek out the causes of a problem or opportunity
- Reports and information can be shared with suppliers, customers and partners to work together to solve problems
Monitor Key Performance and Strategy, Analyse Trends and Opportunities
- Comparisons can be made year on year to budgets, other products or used defined criteria
- Flexible parameters let users “slice and dice” the underlying data, measure against norms and averages and highlight anomalies
- Cost heavy processes or products can be spotted and examined
- Product gaps and potential opportunities can be indentified and probed
