Stonewood National Insurance has selected 4Sight Business Intelligence for Property & Casualty (P&C) insurance, to allow the firm to proactively run its business.
The product will enable the firm to identify and frame both challenges and opportunities in its individual specialty business segments and across the multiple insurance companies that comprise the group.
Stonewood National Insurance president & CEO Steve Hartman said that the company will be able to support predictive analytics as well as flexible ad-hoc reporting.
4Sight Development director Robert Clark said that the product will provide enterprise business intelligence capabilities for Stonewood at a price point that meets their budget without sacrificing any functionality and a single reporting source for all of their business information.
A complete, affordable service with nearly 100 preconfigured reports, dashboards and hundreds of analytics, the product offers "what-if" capabilities and is easy to use in Underwriting, Claims, Billing, management, reinsurance or other areas.
The standardized processes allow carriers to have users viewing reports in less than 45 days.
Clients of 4Sight Business Intelligence include Mutual Aid Exchange, AXA Re P&C, Dallas National Insurance, Preferred Auto, Chautauqua Patrons Insurance, American Physicians, American Leader, The Warranty Group and the NC Farm Bureau, among others.