Case StudiesCase Studieshttp://insightdecision.com/case-studies/2013-02-28T15:37:54ZSquarespaceReinsurancehttp://insightdecision.com/case-studies/reinsurance.htmlKevin Pledge2011-07-31T18:00:00Z2011-07-31T18:00:00ZA large international reinsurer has adopted Insight Enterprise as it world-wide solution for experience study reporting. This reinsurer demanded the highest standards in studies including supporting statistical analysis, while at the same time achieving rapid response from an enormous amount of data.

The system is being adopted and managed independently by divisions all around the world. 

]]>Long Term Carehttp://insightdecision.com/case-studies/long-term-care.htmlKevin Pledge2011-07-30T14:27:00Z2011-07-30T14:27:00ZInsight was selected by a large international insurance company as a upgrade to it's experience study systems. In addition to providing experience studies (incidence, transition, termination and utliization), Insight Enterprise is used for other reporting and analytics for Long Term Care, including management reporting, fraud detection and ad hoc data analysis.

Insight Enterprise was deployed worldwide, providing consistency of analytics despite differences in product designs in different countries.

]]>Transforming Life and Annuity Businesshttp://insightdecision.com/case-studies/transforming-life-and-annuity-business.htmlKevin Pledge2011-01-31T20:00:00Z2011-01-31T20:00:00ZInsight Enterprise was selected to be a core component for a medium sized insurer looking to transform its business. This transformation including consolidating the operations from another insurer it had acquired, but to date operated independently, and improving data governance and operational aspects of the business.

Insight Enterprise was originally used as a source of data for the Business Objects Reporting tool that had been selected, although the SharePoint Interface was also widely adopted.

The system was implemented covering all disciplines within the organization and all their data and utilizing the Insight Enterprise daily delta load functionality.

]]>Credit Unionhttp://insightdecision.com/case-studies/credit-union.htmlKevin Pledge2010-10-31T19:00:00Z2010-10-31T19:00:00ZInsight Enterprise is being used by an insurer of credit unions for a complete range of analytics and reporting. The unique marketing features of this bancassurance business were incorporated in the Insight Enterprise system.

As part of the implementation of Insight Enterprise, the legacy reporting systems had to transition seamlessly to the new environment, enabling continous sales and credit union reporting.

]]>Insight Experience for Reinsurancehttp://insightdecision.com/case-studies/insight-experience-for-reinsurance.htmlKevin Pledge2010-07-01T15:00:55Z2010-07-01T15:00:55ZA US reinsurer wasn't sure if Insight Enterprise was right for them. As an initial proof of concept they licensed Insight Experience to test experience studies which would be critical to their business. This proof of concept used back cast data provided by the reinsurer, effectively the same process that is used to load the hosted Insight Enterprise.

This proof of concept was an outstanding success and resulted in wider adoption of Insight Enterprise.

]]>Worksite Marketinghttp://insightdecision.com/case-studies/worksite-marketing.htmlKevin Pledge2009-10-31T19:00:00Z2009-10-31T19:00:00ZOriginally selected as a solution for mortality studies, Insight Enterprise was adopted to manage the distribution function. As a decision management tool Insight Enterprise is recognized to enable distribution decisions that make the company millions of dollars each year.

At the same time as implementing Insight Enterprise the sucess of this organization meant that the original data volume more than doubled in the first year. One of the benefits of the Insight Enterprise is our ability to model performance and to meet the needs of each organization within its changing environment.

]]>Multi-sponsor Experience Studyhttp://insightdecision.com/case-studies/multi-sponsor-experience-study.htmlKevin Pledge2009-06-01T13:00:39Z2009-06-01T13:00:39ZInsight Experience was used for the Society of Actuaries Retirement Plan Education Committee mortality study. Data had been provided to the SOA by six of the the largest pension plans.

The project had originally been attempted by an external researcher, who had been overwhelmed by the volume of the data and different formats that had been provided. This presented no challenge to Insight's ETL (Extraction Transformation and Loading) processes and the data loaded into the Insight Experience system for dynamic analysis.

]]>Disability Insurancehttp://insightdecision.com/case-studies/disability-insurance.htmlKevin Pledge2007-10-31T18:00:00Z2007-10-31T18:00:00ZA health insurance company specializing in disability insurance implemented Insight Enterprise to improve their overall reporting and analysis of their disability business.

Critical functionality included incidence and termination studies, claim movement and interest adjusted loss ratios. The system brought together data from two major administration systems originating from two seperately managed companies, two legacy systems, a new claim system and data from legacy claim systems that had been converted to a new system where closed claims had not beed converted.

To meet the experience study needs of the business 15 years of historical data was loaded into the system from the outset.

Insight Enterprise is also used to select model points for dynamic testing and sales award recognition. 

]]>Source of Earningshttp://insightdecision.com/case-studies/source-of-earnings.htmlKevin Pledge2005-10-31T18:30:00Z2005-10-31T18:30:00ZA large Canadian insurer needed to implement earnings by source rapidly. Having read 'The Analysis of Insurance Earnings' by John McGarry and Kevin Pledge, and seen presentation on the topic, they turned to Insight for the solution.

Insight Enterprise was implemented in a few months to contribute to the financial reporting requirements that year for individual life business. The scope of the project was later extended to include the Investment and Group Business divisions that had previously been operating on an IBM data warehouse solution. The conversion of these divisions to Insight Enterprise allowed the company to carry out a full range of actuarial analysis across all product lines, as well as provide comprehensive management information.

]]>Medicare Supplementhttp://insightdecision.com/case-studies/medicare-supplement.htmlKevin Pledge2004-10-31T18:00:00Z2004-10-31T18:00:00ZA rapidly growing health insurance company specializing in Medicare Supplement approached Insight to help address gaps in the information available to the CEO. The project was quickly adopted by the actuaries, who saw an opportunity to improve their statutory filings with automated calculation of loss ratios.

When the marketing department realized that loss ratios were available for the sales channels, from the agency right down to the individual agents, they quickly used it to manage and improve the quality of sales. Even though the data would not be statistically credible at an individual level, it proved invaluable in managing sales quality and providing feedback to agents.

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