Q insure
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Interactive Insurance Analytics provides a readymade insurance reporting and analytics solution built on the QlikView platform. It features predefined templates and dashboards for key insurance functions that integrate various insurance data sources using a unified insurance data model. The solution is designed to provide concise, accurate insights while keeping the cost per report low and time to deploy short.
![Bill of Materials
Sl. No. Item Qty Remarks
1. Q-Insure Core (Installer, Data 1 Base component
Manager, Monitor)
2. Q-Insure Life Data Model 1
3. Q-Insure P&C Data Model 1
4. Q-Insure Deployer 1
5. Q-Insure ODS/DWH Connector 1
6. Admin Enablement 1 10 days on-site
7. Qlikview Server 1 Production Server
8. QlikView Test Server 1 Test / UAT Server
9. QlikView Local Clients 5 Development Client
10. QlikView Named CALs [n] # of power users
11. QlikView Document CALs [m] # of User / Document combinations for non-
power users
12. Requirements Assessment Fixed 10 days consulting
Mapping, Design, Develoment, Testing, Integration & Deployment service as needed.
Estimates after Requirements Assessment](https://image.slidesharecdn.com/q-insure-120422053114-phpapp01/85/Q-insure-20-320.jpg)
Q insure
- 1. Interactive Insurance Analytics Readymade Insurance Reporting/Analytics Solution on QlikView Platform Team Business Solutions LLC
- 2. Team Computers - A Profile INDIA US • 1300+ Employees • Employees (10 + 4) • 32 Locations • 2 Locations • Covering 500+ districts • Covering CA and NY now • Infra Supply, Infra Support • BI: QlikView (only) and Info Services • Additional Businesses: • 2000 customers across all Google Enterprise Solutions products & Application Management • Gross Income of US$ 50 Mi Services • Gross Income of US$500k in first 6 months 2 22-Apr-12 Team Business Solutions LLC
- 3. Team - QlikView Practice Profile INDIA • 150+ Customers over 4 Yrs • CMMi Level 3 Certified (QlikView Implementation) • 15,000 Licenses – 2 Installations > 1000 licenses – Over 15 Installations > 100 lic • 400+ Apps Built & Deployed • 80+ Consultants Currently (adding) – 12 Certified by QlikTech – More going through certification process now – Others trained in house (on the CMMi Level 3 Process) • Presence in Delhi, Mumbai & Bangalore. Other places remote 3 22-Apr-12 Team Business Solutions LLC
- 4. Executive Introduction • Readymade Templates • Dashboards / Analysis / Reports for Multiple Insurance Functions • Map to the existing data • Unified Insurance Data Model • Insurance Data Dictionary • Integrates various Insurance Data Sources • Cost per report is kept low – Even for new reports • Very short time to deploy - Quick Wins
- 6. Other Financial Services Customers
- 7. Typical Insurance Business Information Needs … • Analyze Losses & Expenses o High Combined ratio is unhealthy • Monitor turnaround time (TAT ) o Delays lead to loss of opportunity • Improve Accuracy and Timeliness of information o To focus only on profitable opportunities • Deeper and integrated Insights (single version of truth) o M&As lead to disparate silos of information • Lower the cost for Compliance and MIS Reporting o Cost per report is too high
- 8. Information Visibility Challenges • Reports o Too many Reports, too much time, too expensive How can we reduce time and cost? • Accuracy? How can we make it more accurate and more reliable? • Future Visibility? o What IF analysis, evaluating different scenarios
- 9. Business Intelligence and Analytics Optimization What’s the best that can happen? Predictive modeling What will happen next? Competitive advantage Forecasting / extrapolation What if these trends continue? Analytics Scenario Analysis What all can happen? Statistical analysis Why is this happening? Alerts What actions are needed? Query / drill down Where exactly is the problem? Access and reporting Ad hoc reports How many, how often, where? Standard reports What happened? Degree of Intelligence
- 10. Insurance Framework – Core Insurance – Policy, Claims, – Audit, Finance Derived from – Customer Life-Cycle Standard – Marketing Functional – Leads, Sales Needs – Risk Profiling – Loss Analytics, Loss Triangles – Loss Reserving, Loss Profiles – Distribution – TPD Performance – Sales Performance – Integrated Analytics – CEO & Functional Dashboards
- 11. Insurance Solution Overview Advanced Analytics – Scoring, Modeling, Data Mining, Predefined Templates Predictions, … ODS/ Q-ODS/DWH DWH Connector Portal Access of Historical Data
- 12. Architecture • 4 Tier Architecture – Extraction, Unification (UDM), Business Rules (QDM), Visual Applications • Common Data Dictionary (CDD) -> Unified Data Model (UDM) -> Q-Insure Data Model -> Predefined Templates with KPIs • Unified Data Model – Pre-processed – Cleansed – Connected Snow-flake schema • Can directly populate into a Warehouse Platform – No expensive ETL solution required
- 13. Predefined Templates • Readymade Insurance BI framework – Built on top of QlikView BI Engine (a product of QlikTech, a Sweden based company) – Predefined set of Key Performance Indicators (KPIs) – Add more KPIs depending upon business need • Key Dashboards – CEO Dashboard – Policy Analytics – Premium Analytics – Loss/Claims Analytics – Loss Triangles / Ratios – Compliance
- 14. Key Performance Indicators KPI’s Profit Underwriting Sales CEO profits Underwriter Compliance CFO Expenses Losses Claims Adjustor COO Operational efficiency Pricing accuracy Actuary
- 16. Data Architecture Data Sources Unified Insurance Policy admin, Lead Extract Unify Data model Raw Data Stores Mgmt, Claims admin, etc (UIDM) Apply BZ Rules Dashboards What-if Analytics Analysis Q-Insure Applications QLIKMARTS Q-Insure Data Model (QIDM) Reports Scorecards 4 Tier Data Architecture
- 17. Quality In-Built Challenge • Report / Metric Specs change -> Change Management -> Ensuring Quality Solution • Templates have built-in Control Reports • validation of reports after changes - an easy process Benefit • Saves hours and hours of effort • Helps Business users to validate rather than overloading IT users
- 18. User Types Q-Insure Modelers Q-Insure Admins - Map source systems into the Extraction - Q-Deployer administrators Deploy / remove Common Data Dictionary applications, new versions etc - Transform and create the Unified Data Model - Create / Modify / Delete users - Trustees of the Integrity of the Unified Data - Assign access rights to users vs. applications Model - No need for QlikView development skills - Existing DBAs and Functional Consultants play - Can be performed by existing IT Administrators this role Q-Insure Developers Q-Insure Business Users - Trained on QlikView and Q-Insure Unified Data - Access the applications through Q-Deployer Model - Slice & Dice and View - Create New Dashboards/Reports/Analytics from QDM - Create new charts / graphs, bookmarks - Cannot change data in QDM, but can add - Collaborate - Share Bookmarks, Objects with other further processing users - Very quick creation of new reports / analytics / scorecards / dashboards
- 19. Enterprise Aspects • SSO Integration to ADS/LDAP • Q-Deployer - available as a front-end for user access • Integration with Portals - Sharepoint, Websphere • Distribution of Reports / Analytics / Dashboards - Interactive and Static • Clustering - of production servers • Development, UAT and Production environments • Version Management and Deployment Management Process Defined • Standardized Directory, Table and Application structures • Theme-based Enterprise wide Interface Standardisation • Approval based deployment process (being added in Q- Deployer)
- 20. Bill of Materials Sl. No. Item Qty Remarks 1. Q-Insure Core (Installer, Data 1 Base component Manager, Monitor) 2. Q-Insure Life Data Model 1 3. Q-Insure P&C Data Model 1 4. Q-Insure Deployer 1 5. Q-Insure ODS/DWH Connector 1 6. Admin Enablement 1 10 days on-site 7. Qlikview Server 1 Production Server 8. QlikView Test Server 1 Test / UAT Server 9. QlikView Local Clients 5 Development Client 10. QlikView Named CALs [n] # of power users 11. QlikView Document CALs [m] # of User / Document combinations for non- power users 12. Requirements Assessment Fixed 10 days consulting Mapping, Design, Develoment, Testing, Integration & Deployment service as needed. Estimates after Requirements Assessment
- 21. Case Study – California Casualty Management Company Business Need Reduce cost on Compliance & MIS reporting, and Single version of truth Challenges • Disparate data systems and no single view of Information • Need for rationalizing cost and complexity of legacy reporting system Solution • Unified Data Model - integrating data from various sources in QVD repository • Compliance & MIS Reports using QlikView - speed and accuracy • Business & Performance Analytics - KPI based reporting/analytics Key Benefits • Reduced cost per report • Support management to increase efficiency across organization • Increased Visibility, esp. for marketing department functions Ba ck
- 22. Case Study – Reliance General Insurance Business Need Improve Operational Efficiency and get deeper Business insights Challenges • Disparate data systems and no single view of Information Solutions • Daily Performance Reporting for Sales • Operational Reports and Analytics across all functions Key Benefits • Improved decision making – alerts and scores • Extensive coverage of insurance analytics reports • Accelerates implementation of Business Intelligence Ba ck
- 23. Case Study – Royal Sundaram Alliance General Insurance Business Need Increase underwriting profits and control loss ratio Challenges • Disparate data systems and no single view of Information Solutions • Underwriting • Claims Analytics Key Benefits • Improved Time-To-Decision • Quick answers to Questions of Top Management Ba ck
- 24. Way Forward… • Requirements Understanding • Solution Roadmap Definition • Solution Proposal • Buying Decision
- 25. Jaikumar – jaikumar.k@teamcomputers.com Thank You
- 26. Insurance Companies in India - Life • Reliance Life Insurance (Life) – Over 5 Million Lives – 1200 Users of QV: Sales, Operations, Compliance, Underwriting – Using QV for 4 years • Birla Sun Life Insurance (Life) – Over 2 Million Lives – 25 Users of QV: Daily/Monthly Reporting, Compliance, Finance – Using QV for 2 years • SBI Life Insurance (Life) – Largest Private Insurance Player in India – 65000 agents – 100 Users of QV: Planning, Scenario Analytics – Using QV for 3 months Team Business Solutions LLC
- 27. Insurance Companies in India – P&C • Reliance General Insurance (P&C) – 173 Cities in 22 States. 94 Customized Products – 300 Users of QV: Sales, Underwriting, Operations, Compliance – 4 years • Royal Sundaram Alliance Insurance (P&C) – 150 Cities. Multi Channel – 200 Users of QV: Sales, Underwriting, Operations, Channel, Compliance – 3 years • IFFCO TOKIO General Insurance (P&C) – 150 offices. 1000 employees. 56 Strategic Business Units. – Innovative Niche and Rural Products. – 100 Users of QV: Sales, Underwriting, Operations, Field Force – 3 months Team Business Solutions LLC