EGI Insurance Services, Inc. Picks Business Intelligence Solution from iPartners

By Jayashree Adkoli
TMCnet Contributor

iPartners, a provider of Software as a Service "SaaS (News - Alert)" business analytics solutions, announcedthat Atlanta- based EGI Insurance Services, Inc."EGI" has selected the company's business intelligence "BI" solution, Insurance Scorecard, in order to help monitor the growth and expansion of its new U.S. operation.

The company's Insurance Scorecard BI solution is a SaaS solution tailored for the property & casualty "P&C" insurance industry. This suite offers a complete analytics solution such as performance management dashboards and scorecards, ad-hoc detailed analysis, production reporting, and drill to detail.

According to a press release, the implementation of business intelligence, dashboards, and portals, and non-standard auto coverage is currently underway as well as on track for production use, in the first half of 2010. It is anticipated that iPartners' Analytics will facilitate EGI to not only maintain high processing standards but also encourages continuous improvement.

Company officials said in the release that the company's BI solution was selected as a key component of EGI's new underwriting, claims and administration infrastructure.

In order to maintain the processing standards of the organization while expanding market presence in the U.S, EGI Financial Holdings decided to manage its underwriting and claims processes directly through its U.S. based subsidiary EGI Insurance Services.

iPartners' BI solution is designed to support the EGI's aggressive U.S. growth plans via carefully measured and managed growth initiatives and strong agent relationships, said officials with the company.

Troy Druhot, senior vice president of EGI, said, 'While we investigated a number of solutions, we were most impressed with iPartners and the flexibility their system offered. With the wide range of options and ways to look at our data, including the quickly customized dashboard view and detailed policy level data analysis, the iPartners solutions gives us a powerful tool to more proactively and better manage our business.'

Druhot added, 'Today's competitive market conditions make business intelligence a critical component for a start-up business like ours. You have to be an agile organization and able to quickly identify what's working and what's not in order to make timely and necessary adjustments to the products and the operation. Add in the software as a service delivery of the iPartners system and we have the benefit of tremendous BI capabilities at a very attractive price point.'

EGI Insurance Services is a wholly-owned subsidiary of EGI Financial Holdings Inc. It writes automobile insurance in the Southeastern United States.