Embedded Analytics Solution Revolutionizing Insurance
The key facts:
Up to date Management Information available every fifteen minutes instead of once a month – previously unheard of in the insurance industry
Training and product adoption accelerated by Yellowfin Stories
Use of plugins like Google Analytics and D3 JavaScript integration delivers easy to use and easy to understand visualisations.
UnderwriteMe is a global fintech organisation that uses digital technology to transform the way life insurance is bought and sold.
By offering insurers a new way to consume and serve up rich data services, UnderwriteMe delivers significant cost and time efficiencies to existing sales processes.
“Five years ago, we compared Yellowfin to Tableau and Qlik, and it was level-pegging, but Yellowfin has been refreshing the product continuously over the past five years. The latest release has a lot of new and innovative features which we and our customers find very useful. ”
Rikus van der Merwe,
Lead Consultant
UNDERWRITEME
Insurance challenges
Reinsurance firms need to provide additional data insights to insures as part of their reinsurance process, however there is a heavy reliance on risk and pricing actuaries to underwrite their Protection products. Traditionally, insurers have been starved when it comes to underwriting data.
For intermediaries, UnderwriteMe, wanted to break down the traditional, fractured sales process by delivering real-time underwriting. This means that when customers are comparing prices and products, they know that the premiums they are seeing are accurate, personalised, and fully underwritten by insurers.
The solution
Yellowfin has seamlessly been integrated into UnderwriteMe’s rules engine, making it incredibly easy for their customers to create their own reports, drill down into individual records, where required, and easily compare different business routes.
“Yellowfin Stories provides a really interesting way to augment your data with additional information. For us specifically, our clients will benefit from accompanying context and rich content, like links to videos, beside interactive charts to help them get the best out of their analytics experience. We will also be utilizing stories to enrich our training content we provide to our clients."
“Our users use our MI suite to understand and mine their own data.
This is incredibly powerful to users who previously had to rely on static spreadsheets.”
Rikus van der Merwe,
UNDERWRITEME
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Yellowfin provides a single, integrated enterprise analytics platform for delivering faster, better insights for the whole business, regardless of function or industry.
