Comprehensive data access at your fingertips. Immediate support for special projects. Reserve monitoring. Historical information on-demand.
iPartners offers a solution that supports many of the functions that actuaries perform to create a solid foundation for product development and risk assessment. The Insurance Scorecard is an easy to use solution designed to complement your strong analytical skills and basic business knowledge.
With the iPartners Solution you can monitor your company’s financial data and perform profitability analysis, review pricing adequacy and contribute to the development of corporate growth strategies.
The system will help you to recognize and analyze developing trends and performance statistics. From a risk management perspective you will be able to monitor loss patterns and recommend corrective actions or adjustments before a trend negatively impacts the business. Performance measures will help you to determine if the market is responding as expected and allow you to drill down to precisely pinpoint the cause of any variations.
The iPartners Solution can also help you produce revenue forecasts and other management reports on demand. Information related to claim settlements and loss adjustment expenses is immediately available to help support reserve evaluations and reserve adequacy studies.
Data consistency is assured because the entire company is using the same definitions and formulas to create the diverse reports that are used throughout the operation. iPartners can export data directly to other analytical tools you might be using today, saving time and reducing potential errors.
Help to position your company competitively. Introduce new products and begin reviewing results within the first thirty days following a new product launch. Evaluate market acceptance by location, agent or other demographics. Loss ratios can be observed by coverage to ensure that they remain within acceptable limits.
The level of risk within a company is always changing with the introduction of new products and the inevitability of loss, it is important to be positioned to react more quickly than ever before. With the iPartners solution, you have a wealth of essential information available to you in the format that you want anytime you need it.
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