Xuber launches analytics tool

Source: Xchanging

Xuber, Xchanging's insurance software business, has today launched 'Xuber Analytics', a powerful data analysis tool designed to provide commercial insurers with deep insight into their business.

Xuber Analytics meets increasing industry demand for more powerful, comprehensive reporting, that crystallises return on investment and turns data into information. A valuable yet optional addition to its existing suite of commercial insurance software, it allows users to identify and track current and emerging trends and issues, drilling down into the data as needed, enabling businesses to make more informed decisions.

The software affords commercial insurers the ability to monitor and understand their customers more effectively throughout the insurance lifestyle, and deliver new products with greater ease and agility thanks to enhanced customer behaviour analysis. For example, a claims manager may spot an unexpected rise, month on month, within a certain line of business. Xuber Analytics allows them to add a trend line to analyse this and establish whether any mitigating action - such as ensuring higher retention or introducing additional warranties - is required.

As well as being easy to install, Analytics is also designed for use anywhere (including on mobile devices), anytime, and by anyone - not simply management or specialists - eliminating the need for extensive manual analysis by skilled analysts. It is also highly customisable, allowing users to pull together data from disparate systems into a personalised, browser-based dashboard to suit individual requirements.

Adrian Morgan, Chief Operating Officer of Xuber, comments: "The commercial insurance industry is undergoing rapid evolution. Commercial insurers are increasingly looking to mirror personal insurers in terms of their ability to predict and respond to customer demand. Customer centricity is a huge driver for commercial insurers at present, and Xuber Analytics is designed to meet an as yet unfilled need in this space.

Put simply, data is the lifeblood of any insurance business - personal or commercial - and Xuber Analytics means that insurers can finally begin to make full use of their data.

Xuber Analytics also greatly boosts the ability of businesses to detect and combat fraudulent activity, as well as address compliance requirements with a complete picture of business activities. Given the recent rise in fraudulent claims and ongoing major regulatory reform, this only adds to its timeliness."

Xuber Analytics was developed in partnership with Innovation Group plc, which produces core insurance software including analytics for the personal, commercial and specialty insurance market. Under the terms of the agreement, Xuber has exclusive worldwide rights to Innovation Group's Insurer Analytics software to use with Xuber products, having customised it for Xuber software. 

Comments: (0)