Xchanging's insurance software business, Xuber has introduced a new data analysis tool to provide commercial insurers with deep insight into their business, eventually addressing increasing industry demand for more powerful and comprehensive reporting.
Developed in collaboration with Innovation Group, Xuber Analytics will enable users to identify and track existing and emerging trends and issues and also drill down into the data as per requirements for informed decision making.
The easy-to-install software provides commercial insurers with the ability to effectively monitor and understand customers throughout the insurance lifestyle, and eventually offer new products with greater ease and agility.
Xuber chief operating officer Adrian Morgan said the solution will also enhance the businesses' ability to detect and combat fraudulent activity, and 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,'' Morgan added.
Designed for use anywhere, including on mobile devices, Xuber Analytics can also be used by anyone, not simply management or specialists, eliminating the requirement for extensive manual analysis by skilled analysts.
Due to its highly customizable nature, the solution also enables insurers to pull together data from disparate systems into a personalized, browser-based dashboard to suit individual requirements.
Xuber provides software for insurance specialists, which are presently implemented by 130 brokers and carriers in over 40 nations in the UK, the US, mainland Europe and Asia Pacific.
