CSC has announced its Insurance Optics Business Analytics software now includes additional industry-specific analytical tools for business intelligence (BI) solutions in the insurance, annuity and self-insurance markets. As mentioned in the company's news release, Insurance Optics family of business intelligence products and helps firms track key metrics and proactively address rapidly changing market conditions.
"Business Analytics, which leverages SAP BusinessObjects Enterprise and Xcelsius Enterprise solutions, now offers a robust set of reports for each market, and in total more than 300 industry-specific analytical reports and pre-built interactive dashboards across all three markets. These new tools will help carriers to focus resources on the most promising lines of business, capitalize on the most effective distribution channels, determine market share by customer type, increase premium persistency and expand the average number of products per customer. In addition, the tools will enable companies to respond more efficiently to the tightening regulatory environment, which is likely to heighten the need for ad hoc reporting and analysis to satisfy audit and compliance requests."