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Small Insurance Companies Get On-Demand BI
A trio of IT vendors, including IBM, insurance software provider Sapiens Americas, and Millbrook, an IT consultancy to the insurance industry, have teamed up to deliver an on-demand business intelligence (BI) offering for small and mid size insurance companies. The offering, called Sapiens INSIGHT for Business Intelligence, will be based on IBM’s Cognos BI software, and provide smaller outfits an array of BI capabilities normally available only to larger companies.
For small and mid size property and casualty (P&C) insurance companies, the capability to analyze data effectively and efficiently can make the difference between surviving in today’s competitive environment, and succumbing to market forces. However, smaller P&C providers typically can’t afford the multi-million-dollar price tags that sophisticated BI implementations carry.
IBM, Sapiens, and Millbrook are looking to address that functionality gap with Sapiens INSIGHT for Business Intelligence, a new hosted BI offering that aims to deliver enterprise-class BI capabilities at a SMB price, and within SMB implementation timeframes.
Read more from IT Jungle.
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