Best Insurance Analytics Software for Small Business

Tableau, a comprehensive business intelligence (BI/analytics) solution, allows you to generate, analyze, and interpret business data. Tableau allows users to gather data from many sources, including spreadsheets, SQL databases and Salesforce. Tableau offers real-time visual analytics as well as an interactive dashboard that allows users to slice and dice data to make relevant insights and find new opportunities. Tableau allows users to customize the platform for different industry verticals such as communication, banking, and more.

Voice and written support makes it easy to get answers. Based on your interests, history, and role, you will receive personalized and recommended results. Quaeris provides near-real-time data access for all data. Quaeris enhances your existing dashboards. To increase knowledge sharing and track performance, teams can share insights and pinboards. Ask questions in plain English. There's no need for keywords or queries. Our advanced AI engine transforms your inquiry to a database-ready language within seconds. Data is nothing without context, just like life. Our cognitive AI engine interprets search terms, interests, roles, and past history to provide ranks results that allow further exploration. You can easily add filters to search results to dig into the details and explore relevant questions.

Damco's InsureEdge Insurance Software is an all-in one software designed to help insurance companies gain maximum value from its extensive modules. This highly configurable and customizable software features the best insurance processing functions in the industry. InsureEdge is suitable for multiple insurance lines and can efficiently and effectively manage and streamline workflows to increase profitability, performance, and accuracy. It supports a variety daily operations via back office automation and other modules such as customer relationship management, policy administration and claims processing. InsureEdge, an insurance software that is flexible and scalable, is the key to future-proofing your business.

Solutions for insurance tracking and compliance management. Full-service and self-service solutions that automate renewals of insurance certificates or proof of insurance. They also eliminate the need for manual data entry. Software and services for COI tracking that automates the tedious process of collecting certificates of coverage, renewing requests and confirming compliance with third parties. Property managers can easily track the tenant's policies using proof of insurance tracking software. This software helps them to comply with their renter's insurance requirements. Services that simplify the creation, delivery, storage, and management of certificates of insurance. SmartCompliance is the most trusted provider of certificate of insurance, proof of insurance tracking, issuance and compliance management.

Software for quality assurance that is specifically designed for insurance departments who struggle with manual audits or reporting. Automate your claims and underwriting quality assurance with questionnaire builders, instant file selection, and real-time results. teamthink Envoy empowers QA groups to improve individual and collective performance, drive financial results, and increase customer satisfaction. Effective QA starts with measuring performance against your best practices, then using those results for reviewing and closing performance gaps. teamthink Envoy can help you navigate this process. You have the information you need to improve performance, reduce operational costs, and streamline your QA process. Transform your QA process to be automated and immediately access results data and questionnaires. You can generate actionable reports that link performance and QA issues directly with their effects on risk and leakage.

PerfectQuote (CPQ) is an Insurance CPQ that helps brokers and general agents sell insurance faster by eliminating the tedious data entry required to sell or renew insurance. PerfectQuote®, supports multiple lines of coverage, including ACA/Small Group Medical across all 50 States and large group medical and dental products with the most popular carriers in the industry. PerfectQuote®, which is completely error-free, offers robust comparison tools and enrollment and contribution modelling. It also allows you to export plan details to a simplified spreadsheet or present them online in today's modern environment. You can quickly analyze hundreds of plans in seconds and help your clients choose the best plan for them. Export to our easy-to-use spreadsheet or present online. You can easily show medical and ancillary coverage without any hassle. You can clearly see changes and decreases in key decision points for a variety benefits.

Your business's raw data can be transformed into powerful insights. The first insurance data analytics tool specifically designed for your business allows you to access multiple levels and analysis on key performance indicators related to your agency's book, employee operations, and relationships with insurers. Applied Analytics™, a visual interface that is easy to understand, allows you to extract powerful business insights from your existing management systems data. This will allow you to increase employee productivity and improve client and insurer relationships. Get a consolidated view on internal operations, including key performance indicators that are based on employee performance trends and success rates as well as progress towards achieving projected goals. Analyze key business KPIs and client portfolio developments to maintain client revenue and create additional revenue streams.

The Borrower Intelligence Platform by TrustEngine helps lenders to increase loan applications, build loyalty with customers, and boost borrower retention.

A risk management solution for property and casualty. All-in-one benchmarking and claims management system that simplifies claims-related processes and makes adjusters' lives more simple. TerraClaim provides two tools to simplify claims-related operations. These tools are powerful enough on their own, but even more so when combined. An innovative cross-industry data analytics and claims benchmarking solution that compares your claims performance to industry peers. This helps you set better goals, manage risk reserves, and improve claim outcomes. The world's best property and casualty claims management software that streamlines your internal processes, improves productivity, drives desired results, and prevents fraud.

Your advisors and policyholders will receive instantaneous, in-depth advice and assistance in choosing the right coverage. Make the most of modern data. Remote work with intelligent applications Streamline customer service and distribution for exceptional customer experiences. Your organization will benefit from new skills and expertise across all business lines. You can run on our secure cloud or on-premise. Enterprise-level data anonymization, traceability, and regulation compliance (IDD and GDPR) are all available. Quick integrations with our partners Salesforce and Microsoft 365 allow you to connect seamlessly to your existing ecosystem. You can deploy and monitor critical AI-driven production processes, including claim handling and cover subscriptions, without worrying about fraud detection.

Mind Foundry is an artificial Intelligence company that combines research, innovation, usability, and usability to empower teams using AI that is built for people. Mind Foundry was founded by world-leading academics. It develops AI solutions to help public and private sector organisations tackle high-stakes issues. Mind Foundry focuses on human outcomes and long-term impacts of AI interventions. Our platform is intrinsically collaborative and powers AI design, testing, and deployment. It enables stakeholders to responsibly manage their AI investments with a key focus on performance and efficiency as well as ethical impact. It is based on scientific principles and the understanding that ethics and transparency can only be added after the fact. The combination of quantitative and experience design makes collaboration between humans, AI and AI easier, more efficient, and more powerful.

Our modern, API-based architecture facilitates quick, seamless implementations. Insurers can quickly and easily create their own apps and integrate third party services in a low-code/no code environment, allowing them to respond to changing market needs. Keep your customers and your competitors one step ahead Our cloud-based, secure solutions offer the best in industry service levels, cost-efficiency, flexibility and scalability. Insurity's RESTful API architecture, low-code/no-code development environment and advanced RESTful API architecture allow insurers to quickly and easily create their own applications. This allows them to provide customized customer experiences and respond to market needs. Insurers can now gain industry-leading business intelligence and optimize their pricing, risk selection and claims processing with our predictive analytics solutions.

Combining data science and a human-centered approach to achieve the best aging outcomes both for families as well as insurers. The result of declining health and function with age is costly for families, insurers, and society as a whole. Successful aging can slow down, or even prevent, deterioration. It allows older adults to live with dignity and choice in the places they call home. We know who to help, when to help, and how to help. We use evidence-based interventions that have been proven effective in population management. Our patent-pending technology combined with a human-centered approach helps us shift populations towards successful aging. To prevent further age-related decline, the optimal timing and frequency for interventions is identified. Analyzes blocks to maximize the effectiveness of interventions and increase block level ROI. Individuals are supported to achieve their goals in relation to ageing.

Moody's Analytics AXIS is an actuarial solution that can be used by insurance companies, reinsurers, consultants, and others for actuarial analysis of annuity and life insurance business. The AXIS actuarial software emphasizes performance, ease-of-implementation, flexibility, robustness and scalability. It also offers transparency at a lower cost. It can deploy large-scale computing power via an advanced cloud-based delivery platform, or through installed software. Flexible vendor-maintained actuarial systems handle multiple applications, including pricing, financial modeling, capital calculations and hedging. Future cash flows can be projected from invested assets and starting liabilities for up to 100 year. Analyze blocks of business using stochastic or deterministic projections of profitability and movements of surplus; evaluate the effect of reinsurance and changes in premiums or other plan values.

Book rolls were a time-consuming, costly, and complex process that required travel, policies printed, and manual data entry. You need a simplified process that is efficient and effective to get more policies. This allows you to concentrate more on risk analysis than manual processes. Book rolls can be conducted in a seamless, efficient, secure environment with your insurance agency partners. Book Roll allows carriers to request the agency's book without interrupting agency operations. Book Roll makes it easy to evaluate new business and makes it easier for you to do business with them. You can assess risks and export data to gain more detailed analysis. To take advantage of your underwriting rules, bridge policy data to your customer portal. Instant batch rating compares your current rates against other rates to quickly identify growth opportunities.

Earnix-powered solutions are based on data and analytics. We use world-class data science, optimization algorithms, machine learning capabilities, and analytical modeling tools to deliver the most personalized and affordable financial product to every customer. We facilitate the integration of traditional GLM/GAM models and ML models, with a focus on ensuring that these models can be used for pricing, rating and personalization strategies. We created a Hybrid Model that combines the predictive power of ML models with the causal inferencing from classical statistical models. Earnix offers a variety of optimization algorithms that can be used to deal with different pricing and rating structures, regulatory and business requirements, as well as market scenarios. The algorithms can solve complex portfolios, lifetime values, multi-product rank, and customer-centric optimization issues.

EbixEnterprise, a comprehensive insurance management system, streamlines policy management through its entire lifecycle. EbixEnterprise consists of six components: Customer Relationship Management, Health Insurance Exchange, Policy Administration, Claims Administration, Data Analysis, and a Consumer Web Portal. Each component is seamlessly integrated with the other, allowing data to flow between them as required by the business. SmartOffice CRM allows organizations to manage state license information, broker information, commission rates, sales pipeline information, and agent/broker information. EbixEnterprise's Online Quoting Portal HealthConnect is the most popular health insurance exchange for buyers or sellers of health insurance and employee benefits. EbixEnterprise Administration provides all the tools necessary to manage policies, create plans, maintain plan rates information, and so on.

Insurance Analytics Suite provides Business Process Management (BPM), workflows that enable insurance carriers to add value throughout the customer lifecycle. This is for personal lines of insurance. It solves the problem of underinsurance by allowing insurers to maintain customer contracts through intelligent workflows like retention, cross-sell, and claims process. To create an insurance data model, connect and move data from any source. This will allow you to perform better analytics by enhancing the data quality. Pre-built data flows that can be edited to ingest client data and to consolidate data from multiple sources and data types. Drag-and-drop ETL functionality. Multiple storage technologies are supported. Editable DQ rule definitions. You have the option to choose storage technology. Pentation Analytics is a leading analytics company that focuses on the insurance, banking and financial services sectors. Based in Mumbai, India with a presence in the USA and UAE.

Active Insights provides actionable intelligence that can help you increase retention, reduce loss ratios, and identify new opportunities. Active Insights helps you anticipate key events in your book of business. Active Insights offers a proactive, practical approach to understanding the changing needs of your customers. Engage customers at the right moment to grow your existing relationships and expand your business. You can opt to receive alerts about specific events so that your premiums reflect changes in risk. You can fine-tune your messaging strategies to make it more efficient, precise, and timely. Active Insights quickly matches your life events to your book policies and notifies your business of any significant changes that could affect your customers or your business. You will get a complete understanding of your book, and the information you need in order to prioritize customers and manage your risk.

Insurance companies are drowning in data. The question is how can you extract value from it? Milliman is a pioneer in the development and application of analytics solutions to improve decision-making, measure and manage risks, increase predictive accuracy and automate complex tasks. We can help you uncover powerful hidden insights by leveraging our hyper-scale cloud technology as well as innovative statistical approaches. We provide regulatory assistance for life and P&C insurance. We can help you with financial exams, rate filing and model reviews related catastrophic risk. We can review models for both life and P&C insurance. Validate third-party and internal catastrophe modeling to reduce risk exposure. This will improve decision-making and reduce risk. We can help you create accurate and actionable financial projections using our advanced modeling tools and global knowledge. To ensure compliance, we help you understand the consequences of any pending changes in reserves or capital.

OCTO's insurance telematics proposal operates in areas where subjective data and data shared lately can lead to an unprofitable insurance offering. Insurers traditionally work in these areas: risk definition, crash, claims, customer relationship management (CRM), analyzing and evaluating risks, managing "bad events", and supporting customers. These basic processes may not be able to perform at the highest level if insurance companies aren't able to collect and manage the right data. OCTO's insurance telematics proposal operates in areas where subjective data and data shared lately can lead to an unprofitable insurance offering. OCTO provides objective data because they are real-time collected, based on real risks. This new approach allows customers to become part of the whole insurance process. They interact with drivers and contribute to the profiling of driver behavior. This allows the insurance company tailor the best offer.

Automate all your re/insurance data preparation including Bordereaux management and MGA reporting, fleet auto, clash management, data quality assurance, and fleet auto. Quantemplate SaaS platform turns all your insurance data into insights that you can trust. No matter how messy or inconsistent your data is, connect and cleanse it. You can quickly identify failed data points by setting data quality rules. Smart mapping suggestions make it easy to quickly combine hundreds of data sets. Flexible analytics tools allow you to gain pricing, market, and customer insights. You can also export and share your clean data. All your data sources can be integrated, automated, and analyzed in one cloud solution. Connect your data sources and gain insights in seconds instead of months. Cloud solutions that your IT team will love. Completely encrypted, with ISAE and ISO accreditation. You can explore, test, and implement changes in your own way with the zero-code interface.

ReFocus, an AI platform that uses customer interactions to determine customer needs and match products and services to their needs, is called ReFocus. Maximize your sales opportunities and get to know your prospects' needs and wants before they even meet you. You can maximize every account rounding opportunity by gaining real-time insight into the buyer's needs and wants. Align sales opportunities with customer adoption, increasing customer acceptance of products and services. ReFocus AI utilizes live data to improve decision-making, streamline sales processes, and ensure customer satisfaction. ReFocus uses live data to improve decision-making, streamline sales processes, and ensure customer satisfaction. ReFocus delivers the best forecasts, analyses, and time-savings options when you need them most. We need more mobile solutions in an ever-changing world. ReFocus is always available, no matter where you are.

RiskVille helps you automate core routine tasks in policy, claims, and risk management. All your day-today operations, including customer relationships, claims and policies, can be managed in one system. RiskVille, a cloud-based software solution for all types of insurance businesses, is designed to help you manage your day-to-day operations. We are familiar with your business and understand how important it is to have a complete picture of your business. We also know how important it can be to accurately and carefully execute daily operations. RiskVille automates your employees' routines, freeing them from the burden of doing repetitive tasks. Audits are something we all face. We want to smile and feel secure, compliant, and comfortable with them. Making audit processes simpler will improve compliance. RiskVille conforms to GDPR and is hosted on the secure Microsoft Azure platform. This ensures safety and security for your data as well as your processes. Clients can expect more from you by allowing them to access their policies and claims online. You can also remind them about renewals.

UrbanStat offers more than 20 modules that will help you manage your portfolio, automate underwriting, select the best risks and price more accurately with geospatial data or machine learning algorithms. From high-level portfolio analytics to transactional-level pricing and risk selection, UrbanStat has it all. UrbanStat is your one-stop shop for property underwriting, both in commercial and personal lines. UrbanStat has more than 30 data points for each property in the US, Canada and Europe. A single platform to manage your portfolios across borders. You can integrate with UrbanStat in as little as 4 weeks. We have the solution for you, whether you need to integrate at file system or database level. Integrations with Duck Creek, OneShield, and Guidewire are all readily available. This is our full automation mode. You can set up exposure alerts once, and our technology will notify you if areas start accumulating more exposure.