Scandic Fusion has experience with implementing BI solutions for both non-life and life insurance companies and business units.
The data marts typically required by our customers enable product-specific insight of MTPL, CASCO, property, travel, accident, health and civil liability insurance types among others.
The commonly used analytical metrics include such insurance industry relevant measures as gross written premiums, earned/unearned premiums in time, submitted/processed/paid claim amounts, loss ratio, regulated-unpaid and other potential payments outstanding as well as various insurance specific financial reserves in time.
Typically, our customers prefer to have their insurance analytics bundled together with several cross-company solutions, including, but not limited to: management accounting, customer and product portfolio analysis, master data management, data mining and financial analytics.
Interactive dashboards, which often serve as an end product for the BI users can afterwards support the everyday business decisions for various functions such as sales, claims administration, product managers and risk underwriters, actuaries, business controllers, accountants, general management and others.