Data analytics platform
The insurance analytics platform takes client information and unlocks the full power of data, providing valuable insights for accurate forecasting through trend visualization based on our deep actuarial expertise.
Our data solution leverages machine learning to develop and report key action-driven business intelligence insights. This big data solution is based on Snowflake, keeping all of your policyholder and policy management data in the cloud for true efficiency and flexibility.
Insurance analytics services
Our adaptable insurance analytics platform integrates with on-premises, cloud or SaaS back-office implementations, building on existing data sets or creating insurance data visualizations based on Microsoft Power BI. illumifin’s data is based on the Snowflake data platform and thus leverages Snowflake security across Access, Authentication, Authorization, and Data encryption as well as Azure physical security and redundancy.
Key capabilities/features
Modular:
works with or without existing data sets
User Friendly:
accessible to non-technical users
Flexible:
supports integration with existing products
Extensible:
Data Vault 2.0 modeling supports customization schema drift
Open:
supports dedicated Operational Data Store or data warehousing strategies
Accurate:
Data updates in scheduled and near-realtime pipelines
Secure:
Snowflake security and Azure physical security and redundancy
Feature spotlight
Historical analysis
The illumifin data solution determines actuarial data trends using both historical data and dynamic data elements in disability, annuities, long-term care, health, and life insurance data analytics which are calculated, rather than typically stored.
Data warehousing in the insurance industry
illumifin’s data solution creates a simplified data model that eliminates the confusing clutter of non-essential information and allows even non-technical users to view data patterns in health, life and other insurance data analytics.
Get in touch
Want to learn more about how our insurance software can help your company increase revenue and efficiency?
