Insight Decision Solutions, Inc. (www.insightdecision.com), a global provider of insurance analytical software and data warehousing services, today announced that Berkshire Life Insurance Company of America (www.theberkshire.com), Pittsfield, Mass., a wholly-owned stock subsidiary of The Guardian Life Insurance Company of America, New York, N.Y. has successfully implemented Insight Enterprise as its web-based financial analysis and reporting system.
Berkshire Life will be using the Insight Enterprise system to analyze its disability business. Insight Enterprise will allow an in-depth examination of disability income profitability and will allow the company to better manage its business.
“With it, we start a new era in management information that will provide Berkshire with a strategic advantage.” said Charles M. Waldron, FSA, MAAA, CLU, ChFC, Senior Vice President and Chief Actuary, Berkshire Life Insurance Company of America.
“Berkshire Life, a major underwriter of disability income, will now realize the value and benefit of replacing a bunch of legacy reporting systems with a single modern business intelligence environment,” said the CEO of Insight Decision Solutions, Inc. ”Insurance business, including disability income, presents a number of unique challenges that traditional business intelligence vendors can’t meet. We are pleased to see Insight Enterprise implemented at Berkshire Life and we look forward to seeing the benefits realized.”
About Insight Decision Solutions Inc.
Insight Decision Solutions provides a business intelligence system, Insight Enterprise, designed specifically for insurance business. Insight Enterprise brings in-depth analytical and reporting functionality on a cost-effective basis with applications that include earnings-by-source, experience studies, sales and marketing reporting and operational analysis. Additional information is available at www.insightdecision.com.
About Berkshire Life Insurance Company of America
Berkshire Life specializes in products that are excellent for highly skilled professionals, executives and business owners. In 2001, Berkshire Life Insurance Company merged with The Guardian Life Insurance Company of America. The newly formed Berkshire Life Insurance Company of America is now responsible for all individual DI insurance products for the merged companies. Their combined strength in this competitive field has created a new force to be reckoned with in the twenty first century. Additional information is available at www.theberkshire.com.