Exton, PA (PRWEB) February 11, 2008
Millbrook Incorporated, the leading provider of property and casualty insurance business intelligence and data services, and Cognos®, the world leader in business intelligence (BI) and performance management solutions, announced today that they have agreed to partner to provide business intelligence solutions for the property/casualty insurance industry. Cognos chose Millbrook because of their rich insurance specific data models, depth of experience in extracting, transforming and loading data from multiple sources and insurance vendor systems, and a deep knowledge of P&C insurance.
Companies that recognize the strategic value of their own information and the power of the business intelligence lens to bring it into focus, will find the marriage of Cognos 8 BI and the Millbrook Information Suite of products and services, an excellent choice in advancing their profitability and strategy.
Millbrook President Jack Plunkett stated, "We see the advent of 'information wars', an era when companies without strong BI will continue to see their loss ratios rise relative to others because of the business intelligence capabilities of their competition. This will be exacerbated in soft markets when companies with markedly better loss ratios today (because of BI), can withstand a much higher increase as pricing gets competitive than those without BI. The partnership with Cognos enables us to help more companies meet or beat their competitors on this new battlefield".
"We look forward to working closely with Millbrook to deliver next-generation BI solutions for its property & casualty insurance customers worldwide," said Rich Luciano, senior director, partner development and recruitment at Cognos. "We share the same goals -- to help insurers improve their overall business performance by increasing revenues, driving down claim costs and increasing profitability."
Millbrook and Cognos work together to help the insurance industry benefit from the integration of the comprehensive Cognos 8 BI v3 product and Millbrook's insurance data models, pre-defined ETL processes and unsurpassed domain knowledge of the Property & Casualty insurance environment.
About Millbrook Incorporated
Millbrook was founded and is staffed by insurance professionals. Millbrook's associates have deep experience in a vast array of disciplines within the insurance industry and in the practice of Business Intelligence and Data Services. For well over a decade Millbrook's focus has been providing information solutions to the P&C industry. It is this unique industry competence and focus that enabled Millbrook to become the premier provider of information solutions and services in the market today.
Millbrook recognizes that every company is unique. Each client has their own needs, challenges, goals timeframes and budget. Millbrook's solutions are open, extensible and tailored to your specific needs. We know one size does not fit all and we won't "squeeze" you into a predefined box. Rather we conform to your needs. The same is true of our approach to services. Millbrook's experts can provide either "cradle to grave" strategic services or round out your project team in a more tactical fashion.
Insurers ensure success for all of their data and business intelligence needs with Millbrook.
More information about Millbrook can be found at http://www.millbrookinc.com.