Resources - InsFocus

Ayalon insurance company selects InsFocus BI

Ayalon insurance company, Israel, successfully completed implementation of InsFocus, an advanced business intelligence solution enabling high level insurance data analysis improving decision-making process and increasing profitability

March 12, 2024

Bridging the Gap in Insurance Coverage for War Damages

“Keren Pitzuim” (Israel Compensation Fund) was established to provide compensation to victims of war damages who are not covered by insurance policies. The fund is financed by the Israeli government and is managed by a committee of experts.

October 19, 2023

Bridging the Gap in Insurance Coverage for War Damages

The Jeanne Calment Story: Longevity, Risk, and Unforeseen Outcomes

The captivating tale of Jeanne Calment serves as a beacon of wisdom in embracing longevity, risk diversification, and the law of large numbers.

August 14, 2023

The Jeanne Calment Story: Longevity, Risk, and Unforeseen Outcomes

Insights from the Recent Survey on Pain Points from BI tool

We recently conducted a survey on Pain Points from BI tool to gather insights and opinions from all of you. Thank you to everyone who took the time to fill out the form. We received an overwhelming response and wanted to share some of the key findings with you all.

July 13, 2023

Insights from the Recent Survey on Pain Points from BI tool

The Sleeping Beauty Problem and Insurance Excess

In the realm of decision theory, the Sleeping Beauty Problem has long intrigued philosophers and scientists alike. This thought experiment poses a puzzling scenario where a subject is put to sleep and wakes up to find herself participating in a fair coin toss, with her memory erased.

June 7, 2023

The Sleeping Beauty Problem and Insurance Excess

Why Insurers Shouldn't Judge a Driver by the Color of Their Car: Lessons from the "Lady Tasting Tea"

For years, there has been a widespread belief that red cars are more dangerous and prone to accidents. This myth has been perpetuated by movies, advertisements, and even some insurance companies.

May 10, 2023

Why Insurers Shouldn't Judge a Driver by the Color of Their Car: Lessons from the "Lady Tasting Tea"

Who was the famous student from the “t student” distribution?

The t-test is a statistical method that allows researchers to compare two groups of data and determine if the difference between them is significant or just due to chance. The test is named after William Sealy Gosset, however, the test is commonly referred to as Student's t-test

April 18, 2023

Who was the famous student from the “t student” distribution?

Are gender insurance discounts legitimate?

Gender is an essential parameter in both, insurance pricing and coverage. This is because a studied and verified relationship exists between gender and attitude toward risk.

March 29, 2023

Are gender insurance discounts legitimate?

Unveiling the Power of Bias and Sampling: Lessons from Abraham Wald's Approach to Saving Lives and Sale Insurance

Abraham Wald's approach to solving the problem of bomber losses is an example of the importance of understanding bias and sampling in data analysis for insurance

March 14, 2023

Unveiling the Power of Bias and Sampling: Lessons from Abraham Wald's Approach to Saving Lives and Sale Insurance

Is the market going towards the integration of life and health insurance?

The benefit of life-extending medical treatments to life insurance companies has a direct benefit as they lower the insurer's liabilities by delaying the death compensation and increasing premium income. The question is if these situations drive toward the integration of life and health insurance.

February 6, 2023

Is the market going towards the integration of life and health insurance?

Influence of the deductible on the results of the company

There is a marked preference of customers for insurance policies with low or no deductible. Several experiments have shown that people tend to underestimate the value of a deductible policy, and that the degree of underestimation increases with its size.

September 13, 2022

Influence of the deductible on the results of the company

Migdal Insurance Company Chose InsFocus BI For Its Non-Life Actuarial Department

Migdal Insurance is joining the customer base of InsFocus, a software company that provides a unique insurance business intelligence solution, used by most of Israel’s companies.

August 12, 2022

Migdal Insurance Company Chose InsFocus BI For Its Non-Life Actuarial Department

Fixed costs in calculating channel profitability

When insurers generate a formula to calculate the profitability of sales channels, they usually include fixed costs as one of the components. The arguments in favor of including these costs are that, from the macro point of view of the company, resources must be generated to cover office costs, mana

July 5, 2022

Fixed costs in calculating channel profitability

Dilemmas on Profit Commission

The use of profit commissions for insurance agents and agencies is very common and is intended to be an incentive for them not only to increase sales but also to try to get good policyholders.

April 28, 2022

All You Need to Know About Loss Ratio!

Those of us who have been in the insurance industry for many years know what it is about and if you are reading this post, surely you too.

April 26, 2022

Insurance Curiosities: Why Is February the Favorite Month for Insurers?

The following claims report is based on real auto insurance data from one of our clients.

March 22, 2022

Insurance Curiosities: Why Is February the Favorite Month for Insurers?

Creative Use of Business Intelligence

On this occasion, we want to share the creative report made by Sammy, sales manager, of one of our clients.

February 14, 2022

InsFocus business intelligence solution was chosen by Madanes insurance agency!

Madanes, the largest independent insurance agency in Israel, has chosen InsFocus’ BI solution for establishing an organizational Data Warehouse.

November 30, 2021

InsFocus business intelligence solution was chosen by Madanes insurance agency!

The Impact Of The Coronavirus Pandemic On The Insurance Industry

The Coronavirus pandemic has changed our world in many different ways and has created one of the most severe global economic crises in human history. The pandemic has had a profound impact on the insurance industry too.

March 1, 2021

Israel’s Compulsory Vehicle Insurance Pool selects InsFocus BI as its reporting and analytics system

The Pool has contracted with InsFocus for business intelligence solutions.

November 12, 2020

Israel’s Compulsory Vehicle Insurance Pool selects InsFocus BI as its reporting and analytics system

InsurTech Trends in 2019 and Beyond

At the end of 2019 we reviewed reports published by major consulting companies: PwC, Deloitte and Accenture about the insurance industry in order to understand key industry trends and their impact on InsurTech startups.

July 2, 2019

Incentive Management System for Life and Health Insurance

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.

July 1, 2019