Insight Decision Solutions

Insight Decision Solutions

1 Review · Last reviewed on 05 February 2016

What is Insight Decision Solutions?

Insight Decision Solutions Inc. was founded in 2000 to develop an enterprise analytical system for insurance.

Having worked on a data warehouse project at an insurance company, co-founder John McGarry realized that data warehouse practices were largely driven by transactional, operational reporting, and are not easily transferable to more complex analytics for insurance. Many similar projects fail to deliver the business promise as they are not designed specifically for insurance. Insight was founded with the goal of providing integrated analytical solutions for insurance companies that could be tested and demonstrated in advance.

The current system offered is the Insight Enterprise. This is the only analytical system of its kind. Built on a data warehouse framework designed specifically to meet the special needs of insurance business, it features a number of innovations, such as analytic dimensions and a temporal data model. The system includes pre-built insurance applications. Insight offers more than a system; we offer complete business solutions designed for business people who are concerned with seeing results.

Our staff consists of qualified professionals, with extensive experience in insurance and systems. Research and development is carried out in our offices in Toronto, Canada, although we are prepared to support projects worldwide, either directly or through a network of partners.

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What is Insight Decision Solutions?


Insight Decision Solutions Product Details

While other companies focus on platform selection and the technology, with our insurance experience we focus on your business needs. Our pre-built solution is extremely configurable and can be adapted to meet any insurance need. We know exactly the data needed and can accurately size the final system. The Insight Enterprise system is designed for all lines of insurance business within Life, Health and Property & Casualty. It runs on the Microsoft BI stack - SQL Server with an Excel add-in.

Products include: IE Life & Health Policy / IE Life & Health Claim / IE Life & Health Paid Claim / IE P&C Policy / IE P&C Claim / IE P&C Reported Claim

The system provides an integrated suite of BI systems for insurance! It has actuarial, financial & operational analytics, including experience studies. It also provides IBNR & claims development, profitability & source of earnings, sales & marketing, reinsurance & inforce management, complete with data management & audit processes! It is the only one of it's kind on the market.


Countries Insight Decision Solutions Services Available In

We are able to sell our products to company's worldwide. We currently have clients in Canada, US and Europe.


Insight Decision Solutions Support & Customer Service

Insight’s implementation services focus is on ensuring that our software meets your business requirements and that the project is implemented on time and on budget. Our team of professionals come prepared, not only with a deep understanding of our software but also with years of experience in the insurance industry, bringing knowledge and best practices from top companies like yours. Being 100% focused on the needs of the insurance industry means we speak your language and we won’t be learning about insurance industry practices and processes on your time.

As a preventive measure, we will review your installation once a year, looking at data volumes, processing times and Insight processes to identify if the Insight Enterprise system is running smoothly, or whether any action needs to be taken. We are available to help through the process via conference calls and email.


Insight Decision Solutions Pricing

As this is an enterprise system, pricing is based on full license and individual modular system costs. It is dependent on what is implemented and the complexity of the system that is built for the company's needs. Our Maintenance and Support package includes access to system updates, technical support, training and documentation.


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Insight Decision Solutions Reviews

4.0

Excellent!

1 Review

Last reviewed on
05 February 2016

What do you think?

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Monday, February 8, 2016

from Standard Life

Good solution and once data are loaded, realy easy to use. They also provide good service and support. If you have any question, they'll be glab to help you out.
Get a global view and drill down up to the actual policy owner in a couple of click. As IT professional, it help me concentrate on the data load and let the Actuaries do their stuff.

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This page was last updated 02 February 2018 07:48