²ÝÝ®ÊÓƵ Prism Analytics for Insurance
Unlock the power of your insurance firm¡¯s data.
Gain better insight into your organization by integrating high volumes of policy, claim, and premium data with your HR and finance data¡ªsecurely and easily with ²ÝÝ®ÊÓƵ.
Insurance Data Sources
Access critical data, no matter where it¡¯s from.
²ÝÝ®ÊÓƵ Prism Analytics empowers HR and finance teams to securely ingest, blend, and transform data from any source with ²ÝÝ®ÊÓƵ data to support analysis, planning, and custom app building.
Middle office.
- Funds transfer pricing
- Asset liability management
- Capital management
- Balance sheet planning
- Treasury
- Product control
- Customer/product profitability
- Activity-based costing
- Revenue recognition
- Deferred acquisition cost amortization
- IBNR reserves
Operational systems.
- Claims
- Policies
- Billing
- Customer relationship management
HCM systems.
- Provisioning SSO
- Benefits
- Workforce scheduling
- Staffing/freelance
- Contingent worker management
- Help desk
Financial and reporting systems.
- Compliance reporting
- Audit reports
- Tax reporting
- Board reports
- Management reporting
- Risk reporting
Common Insurance Use Cases
Turn data into actionable insights.
Look back at historical data to move your business forward.
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What correlations and trends will inform future plans, budgets, and forecasts?
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What was our spend (to the penny) by business unit, location, or cost center?
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How can we see revenue by business unit, location, or cost center?
Understand the health of your business with blended metrics.
Profit and loss (P&L) by business unit, location, or cost center.
Budget vs. actual by business unit, location, or cost center.
Spend and revenue analyses by business unit, location, or cost center.
Bring in extended ecosystem data to stay on top of key business questions.
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How can I get visibility into all my cash positions, including investments and FX hedging, in a single view?
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How can I get a single view of my fixed asset serviceability, remaining life, and economic value?
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How can I view the true value of my contracts under management?
Get a complete view of your business with blended metrics.
Cash balance by investments and FX hedging by entity, financial institution, and currency.
Likelihood and impact of failure for fixed assets.
Contract and supplier risk per lifecycle stage.
Blend operational data to keep business running smoothly.
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How can we better understand our policyholders to improve retention?
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How do we get a single view of agent profitability?
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What¡¯s the best way to view claims, policies, and losses?
Make more effective decisions with blended metrics.
Claims loss ratio.
Claim investigator resource allocation.
Impact of customer service on profitability and retention rates.
Severity by weather and non-weather.
