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IDP::Data Warehouse Empowers Property & Casualty Insurers

New IDP::Data Warehouse Solution Empowers Property and Casualty Insurers to

By: Bob Giuliano
Date: 5/1/2008 12:00:00 AM

WYNCOTE, Pa. - A new decision support system that leverages dashboard design and performs business analysis and reporting for all lines of property and casualty insurance is now available from IDP. Called the IDP::Data Warehouse Solution, the affordably-priced, off-the-shelf system combines the IDP::Decision Support business intelligence tool and IDP Data Warehouse.

IDP::Decision Support:

Contains a customizable Executive dashboard with key performance indicators.
Performs standard and custom reports, including ad hoc queries.
Provides multiple views, including marketing, finance, production, underwriting and claims.

IDP::Data Warehouse:

Supports all P&C lines of business.
Stores data down to the transaction level.
Provides full support for downstream applications, including general ledger, financial systems, management reporting and third party systems, such as IVANS, ISO and ChoicePoint.

The IDP::Data Warehouse Solution can function as a hybrid, standalone system or as part of IDP's integrated insurance software platforms. It accepts data updates on any scheduled basis from policy, claims, billing and other systems, and provides same day or near real-time analysis.

According to IDP Vice President of Marketing Dominick Corigliano, "the IDP::Data Warehouse Solution gives property and casualty insurers an extensive array of capabilities, ranging from standard and custom reporting to an infinite variety of ways to slice and dice information."

"For example," Corigliano continues, "an insurer can determine how well producers, agents or products are performing across counties or states, or compare the relative profitability of homeowners policies sold to insureds with older versus newer homes. The IDP::Data Warehouse Solution can also be used to determine which segments of a carrier's market are growing and which are not. Ultimately, it lets insurers perform detailed analyses on their books of business, functions traditionally achievable only with custom-built data warehouses. It helps users manage vast data resources efficiently and cost-effectively, so they can obtain answers when they are needed."

About IDP
A Tradition of Leadership. A Future of Innovation.
Founded in 1949, IDP helps property and casualty insurance companies operate more efficiently and profitably. Our affordable, easy-to-use software solutions help property and casualty companies turn raw information into valuable insights. They streamline key processes such as policy, billing, claims, underwriting and reinsurance. They enhance service to customers and agents. They make regulatory reporting faster and more accurate. Each solution is backed by a team of industry specialists who are committed to the highest levels of customer care. And each is supported by ongoing innovation that leverages the latest technologies - including today's flexible Web-based platforms. For providers who want to stay one step ahead of a rapidly-changing industry, the best insurance is IDP.