Silvervine, an industry-recognized developer of modern core administration (policy, billing and claims) solutions for property and casualty (P&C) insurance organizations, is pleased to announce a formal partnership with Information Builders Inc. (Information Builders or IBI).
Via this partnership, IBI will enhance the analytics, reporting and business intelligence (BI) capabilities of the Silvervine Solution Suite through an Insurance Performance Foundation (IPF) application which empowers users, including underwriters, claim professionals, actuaries, financial/accounting staff and executives, to make better informed business decisions.
“Our customers were clear in wanting us to stay focused on core system leadership, and asked us to find the most complete P&C, business-ready solution to harness the data value of Silvervine’s core system.,” said Gary Martin, managing director of Silvervine. “After an extensive search, we are delighted to partner with Information Builders to offer the IPF and to deliver the business insight journey our customers need. The IPF provides new value for current customers, and a competitive advantage which will prove useful in winning new core system customers.”
This partnership leverages IBI’s adapter factory to deliver pre-integrated data feeds from the Silvervine Solution Suite to the IPF, and to provide a home for historical data thereby enabling old systems to be turned off sooner. The IPF extracts value from the data inherent to the Silvervine Solution Suite to improve risk management, pricing granularity, agent alignment, and customer insight, and provides the information needed for a transformation initiative that drives competitive advantage in near real-time. Further, the IPF will provide users with the ability to complete downstream data fields for insurance clients utilizing integrated analytics and BI functionality. Looking forward, the BI, analytics and data integration capabilities which are the platform for this application provide Big Data options for P&C insurers to leverage text and external data in cost effective ways.
“Landing new core systems is always a busy time for P&C insurers. The IPF partnership frees up time, cost, and risk of traditional build efforts for downstream data and reporting that is typical when changing core P&C systems,” said Gerald Cohen president and CEO of Information Builders. “Silvervine is providing proactive leadership with its clients, and we are delighted it has chosen our prebuilt business warehouse and BI application as the basis for turning P&C data into the insight needed to compete.”
Silvervine (Booth #825) and Information Builders (Booth #1141) will be exhibiting at the 2015 IASA Annual Educational Conference & Business Show, June 7-10 at the Mandalay Bay Convention Center in Las Vegas.
For more information about Silvervine, the Silvervine solution, or this partnership with Information Builders, please contact Rebecca Jennings, marketing manager for Silvervine, at 478-953-9222 x1612 or firstname.lastname@example.org.
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About Silvervine Inc. (Silvervine)
Silvervine is a new breed of solution provider dedicated to delivering a competitive advantage to property and casualty (P&C) insurance organizations of all sizes and across all lines of business by constantly incorporating knowledge gained from industry participation, expertise and trends into technology innovations. Today, insurers and MGAs across the U.S. look to Silvervine for robust, out-of-the-box functionality, speed-to-market, timely implementations and the ability to achieve both growth and revenue goals. Visit us at silvervinesoftware.com follow us on Twitter at @silvervineIMS, like us on Facebook, and visit our LinkedIn page.
About Information Builders
Information Builders helps organizations transform data into business value. Our software solutions for business intelligence and analytics, integration, and data integrity empower people to make smarter decisions, strengthen customer relationships, and drive growth. Our dedication to customer success is unmatched in the industry. That’s why tens of thousands of leading organizations rely on Information Builders to be their trusted partner. Founded in 1975, Information Builders is headquartered in New York, NY, with offices around the world, and remains one of the largest independent, privately held companies in the industry. Visit us at informationbuilders.com, follow us on Twitter at @infobldrs, like us on Facebook, and visit our LinkedIn page.