Information is the most powerful resource to an insurance organization. However, a mountain of data without the proper aggregation and tools to analyze and identify trends remains to be just a mountain of data…
Tropics’ Business Intelligence product empowers clients to transform their data into meaningful and actionable information.
The system sifts through hundreds of policy, claim, and financial data tables on a daily basis to aggregate and summarize them into meaningful information stored in a data mart. From this information, hundreds of reports, charts, and dashboards are created for use by different levels of management.
The system also creates OLAP Cubes with a large number of measures and dimensions for drag-and-drop, ad-hoc information analysis. Tropics Software Technologies has used its years of experience in understanding its clients’ data analysis requirements to create meaningful OLAP measures. This includes figures such as earned premium, written premium, incurred losses, paid losses, etc. This information can be further sliced and diced by many OLAP dimensions such as industry, class code, agency, policy year, calendar year, etc. in real-time.
With the Tropics BI product, identifying, extracting, and analyzing business data is at your fingertips. Use the structured data to find trends, measure performance, and generate management dashboard reports quickly
The BI Product includes “drill-down” functionality, which allows users to view a report, and then subsequently click on hyperlinks within the report to dive further into the details of the analysis in a dynamic fashion. The rich set of tools within Tropics BI allows users to perform advanced data analysis, as well as create attractive dashboards and scorecards utilizing a cube browser.
The Tropics BI solution leverages well-known tools such as Microsoft Excel and provides additional functionality through the Microsoft SQL Server suite of products: SQL Server, Analytics, and Reporting.
For a full demonstration of Tropics® Business Intelligence,
The base Tropics Business Intelligence solution provides more than 125 standard reports in both chart and traditional report formats in various different subject areas, such as Underwriting, Claims and Loss Control. These reports may be accessed online, on an as needed basis, or can be scheduled for delivery via email. With the Business Intelligence product’s integrated tools, all reports may be easily customized and clients may add new reports or charts as needed.