Atlanta, GA (PRWEB) April 23, 2014
SNL iPartners, a division of SNL Financial, provides on-demand P&C insurance business analytics solutions, today announced that Western National Insurance Group (Western National), a Minnesota-based super-regional group of seven active property-and-casualty insurance companies, has chosen SNL iPartners’ business intelligence and data warehousing solution Insurance Scorecard. The enterprise-wide implementation of the SNL iPartners solution will be a significant enabler in helping Western National enhance its use of actionable data. The company is planning a quick time to value implementation with a production environment in less than six months.
SNL iPartners’ previous successful projects with two of Western National’s operating units were key to the decision, as was SNL iPartners’ deep expertise in insurance, core systems, data warehousing, and analytics. Also contributing to the selection of SNL iPartners was the company’s history of delivering a high-value and proven P&C data model able to support Western National’s commercial and personal lines of business.
Commenting on the decision, Western National’s CFO Pete Corning said, “Our business units have had a good deal of experience working with SNL iPartners in the past, so we know the value of the solution and the company’s expertise in data warehousing and core systems, especially CSC Point. We are very confident in our decision to deploy the SNL iPartners offering as our enterprise-wide data warehousing, reporting, and business intelligence solution.”
Anticipated benefits from the implementation of SNL iPartners’ solution include:
- The automated consolidation of Western National’s commercial and personal lines data, currently spread across a number of disparate core processing systems;
- A common business view of the data for easier access, reporting, and analysis;
- Self-service user driven reporting for improved and more frequent management reporting;
- A data and reporting environment able to support Western National’s goal to further expand its data management capabilities.
SNL iPartners Senior Director Robert Lasher, noted, “This is a great win for us and continues our strong traction among CSC Point customers looking to add self-service analytics. We are seeing a tremendous market opportunity for us in the growing trend among insurers opting to deal with their legacy data first. Many are seeing the benefit of consolidating and using data to derive short-term value from their legacy systems and as they prepare for the implementation of new core systems.”
SNL iPartners’ Insurance Scorecard business intelligence & data warehouse solution is an easy-to-use SaaS solution designed specifically for the P&C industry. The suite is built around an insurance specific data model and offers a complete analytics solution, including a data warehouse, performance management dashboards and scorecards, ad-hoc detailed analysis, production reporting, and drill to detail.
About Western National Insurance Group
Western National Insurance Group (WNIG), headquartered in Edina, Minn., is a super-regional group of seven active property-and-casualty insurance companies writing over $400 million of premium on over $315 million of policyholder’s surplus. The group serves the property-and-casualty insurance needs of individuals, families, and businesses in 19 states in the Midwestern, Northwestern, and Southwestern U.S., with products sold exclusively through independent insurance agents.
About SNL iPartners
SNL iPartners, a division of SNL Financial, provides on-demand P&C insurance business analytics solutions, enabling insurance executives to make higher quality and more timely decisions by delivering accurate, easy-to-use and relevant data through a suite of customized dashboards, scorecards, and a library of P&C specific key performance indicators delivered via Software as a Service (SaaS). SNL iPartners clients now have the ability to combine their company's internal data with excellent SNL industry benchmarking and peer analytics data to create new business insights and more actionable information. For more information on SNL iPartners, please call toll free: 888.618.8360 x230 or x250.
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