Tel Aviv, Israel (PRWEB) May 29, 2013
InsFocus Systems Ltd., a provider of analytics solutions for insurance companies, today announced that Israel's Shirbit Insurance Company has selected InsFocus BI as its data warehousing and business intelligence solution.
InsFocus BI is an analysis and reporting system for the insurance industry. It enables insurers to gain insight into their business performance and profitability. InsFocus BI enhances insurance company profitability by delivering clearly analyzed and focused information to business executives and professionals in the marketing, underwriting, claims, reinsurance, actuarial and accounting spheres.
"We chose InsFocus after a thorough examination of executive information system suppliers," said Gil Sapir, Shirbit's CEO. "The process included studying opinions of users in competing insurance companies, as well as reviews by actuaries using the system. InsFocus founder and CEO Uri Taiber's experience in the insurance industry in general, and particularly in business intelligence, helped in making the decision."
"InsFocus plans to conduct a rapid implementation project that will result in an operational BI and executive information system with extensive insurance and underwriting information, within a few months," said Uri Taiber, InsFocus CEO. "The system that will be delivered by InsFocus to Shirbit will include hundreds of pre-defined insurance-specific items."
InsFocus BI has been installed at a number of companies, including Bituach Haklai and Shlomo Insurance Company in Israel, Middlesea Insurance (Mapfre group), and other companies in India and the Netherlands.
InsFocus is a leading provider of insurance analytics software. Leveraging extensive insurance industry experience paired with business intelligence (BI) and data warehouse (DW) expertise, InsFocus Systems brings advanced analytics to every part of the insurance business, including marketing, underwriting, reinsurance, actuarial, and accounting domains. InsFocus flagship product, InsFocus BI, includes a unique data model built specifically for insurance companies, and contains numerous pre-built insurance-specific templates, data structures, reporting formats, solutions, calculation methods and metrics. InsFocus is a Microsoft™ Certified ISV Partner, operating globally through Microsoft implementation partners. For more information visit the company's website at http://www.insfocus.com.
Shirbit Insurance Company is privately owned and ranked 11th among insurance companies in Israel. The company operates in the general insurance (non-life insurance) sphere, including CASCO, mandatory auto insurance, home insurance, business insurance, liability insurance, personal accident insurance, health insurance, overseas travel insurance and more. Shirbit employs approximately 250 employees and is headquartered in Netanya, Israel.