Data Mastery Spectrum Overview 2012

by Benjamin Moreland, July 24, 2012
Asia-Pacific, EMEA, North America

Abstract

Data mastery has been one of the top three insurance priorities for the last several years, yet most insurers still struggle with how best to use their own internal and external data to achieve their business goals.

Data mastery, as its name implies, is the mastery of data available to an insurer that allows it to use data, both internally and externally, to gain business insights and improve decisioning in all aspects of the business.

This report, Data Mastery Spectrum Overview 2012, profiles vendors that provide data mastery components: namely business intelligence (BI) presentation, analytics, data warehouse, ETL component solutions, and BI content, such as insurance data models, dashboard and report templates, KPIs, etc. Data mastery also includes enterprise data mastery roadmaps to enable insurers to align their data efforts with their business goals, objectives, and data sets. In addition, analytics has evolved to include big data and data virtualization.

“No vendor has emerged as a true leader in helping insurers develop their data mastery strategy and roadmap, and few offer a complete data mastery solution,” says Ben Moreland, Senior Analyst with Celent’s Insurance group and author of the report. “The few that have created and enacted on their data mastery strategy will quickly emerge as industry leaders.”

This report describes the current data mastery space in insurance and profiles 27 data mastery vendors that provide at least one of the data mastery components to insurers. Each profile provides an overview of the data mastery components offered by the vendor. Some vendors offer multiple solutions, and each is listed within that vendor’s profile.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America (Boston)
Tylor Tourville
ttourville@celent.com
Tel.: +1 617 424 3284

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)208 870 7875

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81.3.3500.3023

Table of Contents

Executive Summary

3

Introduction

4

Data Mastery Systems Overview

7

Data Mastery Vendor Profiles

15

4Sight Business Intelligence:
4Sight BI for P&C

17

Accenture

19

Aon Solutions: RiskConsole Business Intelligence

21

Cover-All: Next Gen Business Intelligence Suite

23

CSC: Insurance Optics Suite

26

Fair Isaac Corporation: FICO Insurance Fraud Manager, FICO Claims Fraud Manager, FiCO Blaze Advisor, Model Central

29

Information Builders, Inc.: Insurance Performance Foundation (IPF)

32

IBM Corporation: Cognos, SPSS, OpenPages

35

Innovation Group: Insurer Analytics

39

InsFocus: InsFocus BI

42

iPartners: Insurance Scorecard

45

LexisNexis Risk Solutions: Insurance Solutions Analytics

47

Munich Re Automation Solutions: Allfinanz Business Analytics

51

Oracle: Oracle Business Intelligence Enterprise Edition and Oracle Business Insight

54

Pegasystems: Pega Decision Management

58

Polaris Software: Insurance Datahub

61

Robust Designs: CUBOT

63

SAS Inc.: SAS Business Analytics

65

SunGard: iWorks Analytics

68

Universal Conversion Technologies: DCA

70

Yodil Inc.: Yodil

72

Specialized Data Mastery Component Profiles

75

Clearwater Analytics: Clearwater Analytics

76

CoreLogic: Xiance Desktop

79

Infobright: Infobright Enterprise Edition

82

Informatica: Informatica

84

NIIT Technologies Ltd.: Acumen Advantage

86

Valen Technologies

88

Conclusion

90

Leveraging Celent’s Expertise

92

Related Celent Research

93

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