InsFocus Systems, a leading provider of data-warehousing and business-intelligence software for insurance companies, has expanded into the life-health insurance domain with a new product – Incentive Management System (IMS) for sales representatives and agents. IMS automates the calculation and administration of sales representatives’ and agents’ incentives in life and health insurance. This reduces manual [...]
For the second year in a row InsFocus attended the DIA Amsterdam event to network with some of the most innovative companies in insurtech and have discussions with prominent industry thought leaders. This year’s event in the Netherlands took place between the 25th and 27th of June. Over 2,000 attendees from around the world [...]
InsFocus recently launched a major software update, InsFocus BI Version 3.5. The new version of the system adds significantly to the analytics and presentation capabilities of InsFocus BI while also greatly improving the system’s infrastructure. The update has a very wide scope and includes front-end, infrastructure and system center enhancements. We are excited to [...]
Libra, Israel’s first all-digital insurance company, has selected InsFocus BI as its business intelligence solution. For Libra, InsFocus will implement its BI system on core insurance data, as well as on the digital sales and customer behavior worlds. Libra was initiated by Mrs. Etti Elishkov, formerly CEO of Hachshara Insurance Company. It is an [...]
It’s a new year and many businesses are seeking to revamp or replace their technological systems to keep up with trends and the best business practices. However, updating your technology shouldn’t mean losing or complicating your data and information. When an insurance company seeks to replace its core insurance system (CIS), it faces the [...]
According to the Association of British Insurers, the UK insurance industry is the largest in Europe and the third largest in the world. How did the UK insurance market grow into such a powerhouse? The history of modern insurance in the UK dates back to The Great Fire of London in 1666, which especially [...]
Your business data has been collected, now what? How data is represented is very important for analyzing and sharing this information. You can achieve better results when analyzing your data if it is mapped out and displayed efficiently. InsFocus is developing the use of “treemaps” as another visual option for displaying your collected data [...]
This year I had the pleasure of attending DIA Amsterdam 2018 in May as a representative of InsFocus. As the largest insurtech event worldwide, I was one of about 1,200 attendees there to learn and share innovations in the insurance industry. It was inspiring to be in the same place as so many leading [...]
The recent rise of on-demand insurance in the last two years has been revolutionary within the insurance industry by creating a better experience for clients than ever before. On-demand insurance allows consumers to purchase coverage whenever and however they want with full flexibility in pricing, coverage, and term lengths. This has become popular in [...]
Despite the fact that huge efforts have been made to improve insurance business intelligence and analytics, which is still continuing to grow, many insurance companies are hesitant to apply this intelligence to their business. Most businesses share the same central goal of reducing costs, increasing sales, and boosting profitability. Business intelligence (BI) tools are [...]
