Transform your complex data into intelligent and actionable information
With the excessive data that is part and parcel to the industry, insurers are inundated with so much information that they often struggle to create a unified view for analysis and decision-making. To gain a competitive edge, insurance businesses now need real-time actionable insight from this overwhelming data in order to:
- Streamline processes and achieve higher profitability per operational unit
- Identify profitable customers and nurture the relationship
- Cross-sell / up-sell products to increase revenue generation
- Reduce operating expenses.
PRS Consulting offers an end-to-end business intelligence solution that transforms complex transactional data into focused and business insights in the areas of claims, underwriting, sales and marketing, reporting and analysis.
PRS Consulting’s BI Solution
As a leading provider of information solutions and technology for the insurance industry, PRS Consulting is positioned to observe and evaluate various ongoing business processes aimed at improving claims settlement practices and implementing BI frameworks through acquisition of information from diverse data sources.
PRS Consulting’s BI solution is scalable and delivers tailored reporting solutions that empower the right people—from claims adjustors to underwriters to producers to back-end operators—with the right information and analysis they need to build an integrated strategy.
The BI Solution Framework is developed in a two-phased approach, encompassing these key services:
- Data Staging Services: Gathering data from source systems, transforming it and loading it into the data staging area
- Query Services: Building web-based report access and delivery mechanisms
PRS Consulting Advantage
- Building and management of sophisticated BI solutions
- Creation of a unified data warehouse for storage and access of data across the enterprise
- Increasing the reach of the BI solution through secure web-based access
- Creating a consolidated business view across policies, transactions, claims, premiums, providers and products
- Improving customer and regulatory reporting through integrated customer and external agency data
- Providing agent performance management through the agents compliance dashboard
Contact us to discuss your BI, Reporting and Analytics needs.
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