Insurers always need data that’s an accurate reflection of the moment, not data that was accurate an hour ago. (Or more.)
Our Data & Analytics platform enhancement turbocharges existing analytics capabilities in EIS OneSuite™: Real-time processing, generative AI-powered predictive analytics, and other features to help carriers maximize the business value of critical insights.
When it comes to data, it’s not about sheer volume, even though insurers do have a lot of it. It’s a matter of processing speed, scope, and accuracy. Whether insurers want to quantify their operational efficiency, compare product sales, or analyze market trends that affect their bottom line, they’ll always benefit when data is:
Analytics tools backed by modern legacy core systems can’t meet those standards. As such, the reports they produce are less likely to fuel actionable insights and inform strategy. The advanced data and analytics package for EIS OneSuite takes carriers far beyond batch reporting and other similarly inefficient practices, giving you a single source of truth for thoroughly informed business decisions.
The platform enhancement accelerates EIS OneSuite analytics with an ultra-fast refresh rate — well ahead of what competing solutions offer — to bring carriers real-time-accurate data within mere minutes (five by default, to be exact). Seamless integration between EIS OneSuite and other key data sources ensures that data capture is as comprehensive as it is fast.
Users of this platform enhancement have more ways to present and visualize critical information: Self-service, real-time dashboards allow insurance professionals to view KPIs ranging from group enrollment to evolving sales trends across business lines. Meanwhile, ad-hoc reporting features make it easy to quickly present data regarding events that don’t easily fit into your go-to reporting templates.
Like our standard analytics package, the enhancement allows users to connect EIS data to external visualization tools such as PowerBI and Tableau. This ensures third-party solutions can be vital parts of insurers’ tech ecosystems.
The existing analytics widgets in EIS OneSuite are now customizable. Insurance users can configure widget user interfaces to visualize the most relevant insights for maximum impact and dynamically adjust content. This is useful when examining KPIs related to complex issues like claims leakage.
Insurers have the power of predictive analytics on their side with this platform enhancement — and thanks to cutting-edge genAI, business users who aren’t data experts can leverage this advanced analysis fairly easily. The predictive engine is ideal for projecting rates, assessing risk, analyzing the development of market trends, forecasting demand, and more. This ultimately helps improve marketing and sales campaigns, pricing, underwriting, and customer service.
It’s not about how much data you have at your disposal — what matters is how you process it and use it. The data and analytics platform enhancement for EIS OneSuite empowers carriers to make the most of historical, real-time, and predictive data to generate business-relevant insights and improve overall decision-making.
By using predictive analysis to assess KPIs related to customer-facing operations, such as the claims lifecycle and enrollment periods, carriers can reasonably project whether they’ll improve or decline based on historical patterns. They can then focus on making operational adjustments that customers will appreciate.
Claims teams who use the platform enhancement in conjunction with EIS ClaimCore® can put real-time data to work for both routine filings and complex cases, helping ensure the best outcome for every claim. Also, genAI-assisted predictive analysis can project claim-filing and resolution trends, allowing adjusters and examiners to focus on mitigating fraud and other kinds of claims leakage.
Advanced Data & Analytics Platform Enhancement Product Overview
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