IDP SaaS and Data Services - COMPASS for the P&C Industry
Typical P&C policy and claims systems are transaction based. These systems contain complex databases and database structures that need to be – extracted, merged and normalized before data can be used for any type analysis, decision making or rules application. Many insurance carriers, MGA’s, TPA’s, etc., have multiple systems with different databases and structures further exacerbating the problem.
Data Warehouse projects attempt to solve this problem but have long implementation times, huge resource demands, severely underestimated costs resulting from lengthy requirements gathering phases and unlimited iterations of follow-up and recollection without ever having a clear vision of what will be the end result. The bottom-line is unfortunately the realization of unmet expectations whilst consuming huge amounts of resources, time and dollars.
Come talk to us about how COMPASS approaches this concern with a totally different approach with built in dashboards, reports, financial analysis and more. It’s not just a database, it is a total end-to-end solution on being able to look at and visualize your company’s data. We are in booth #725 - come see us!
Brands: IDP Data Services - COMPASS, IDP Bureau Reporting Services, IDP Carrier Admin Services, IDP Residual Market Services, IDP Program Services, Information Protection Services