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Sapiens, Millbrook and IBM to offer BI solution to insurance carriers

Sapiens Americas and IBM have announced that they will partner with Millbrook to provide a new business intelligence solution called Sapiens Insight for business intelligence hosted by IBM and powered by IBM Cognos eight business intelligence utilizing Millbrook P&C data model.

With the help of the new business intelligence (BI) solution, small and medium sized property & casualty (P&C) insurance carriers can now avail enterprise-class business intelligence solutions similar to those of larger carriers, using a delivery method and at a price-point that better suits their needs.

Sapiens Insight for business intelligence combines Millbrook’s data model, which is based on over 15 years of experience in providing P&C-specific business intelligence solutions, with an array of dashboards, key performance indicators (KPIs), predictive analytics, alerts, visualizations, decision support, and a library of standard and ad-hoc reports.

Roni Al-Dor, CEO and president of Sapiens International, said: We are excited about the offering and our ability to make it available on-demand, at an affordable cost, to carriers of all sizes. Small and medium sized insurance carriers face the same challenges as larger companies, but have limited IT resources to solve such challenges. They need to compete and Sapiens Insight for business intelligence gives them that edge.