InsFocus BI 1.4 includes powerful ETL engine, proprietary query accelerator and visual reports library

InsFocus Systems Ltd. (www.insfocus.com), a provider of business intelligence solutions for insurance companies, announced a new version of InsFocus BI, the company's end-to-end business intelligence solution designed specifically for insurance companies. The announcement was made at the ACORD LOMA Insurance Systems Forum.

Combining dozens of years of insurance know-how with business intelligence expertise, InsFocus BI enables insurers to gain insight into their business performance and profitability. InsFocus BI enhances insurance company profitability by delivering clearly analyzed and focused information to business executives and professionals in the marketing, underwriting, claims, reinsurance, actuarial and accounting domains.

The new version, InsFocus BI 1.4, includes a powerful and fast data extraction, transformation, and loading (ETL) engine, based on Microsoft's SQL Server Integration Services (SSIS). The ETL engine takes the insurer's raw data as is, performs a full range of transformations, calculations and control processes, and loads the results into InsFocus BI's data warehouse. The ETL engine contains complete built-in insurance business logic including support for slowly changing dimensions (SCD), unearned premiums and outstanding losses calculations and more. A unique feature supports changes in the organizational structure of distribution channels, including automatic generation of portfolio transfer entries.

InsFocus BI 1.4 includes a proprietary query accelerator with pre-defined aggregated calculations, reducing query response time to split seconds. The insurance company's system administrator has full control over the query engine mechanism, adjusting it to the company's preferences.

In addition, the new version includes an advanced visual reports library, displaying miniaturized images of the reports, thus enabling easy and prompt visual search of any report.

"The new version greatly simplifies the implementation of InsFocus BI," said Uri Taiber, InsFocus Founder, President and CEO. "It is quickly implemented in just months, thereby delivering an extremely rapid ROI."

Easy to use and maintain, InsFocus BI is an intuitive system that allows non-technical insurance professionals to focus on what they know best – insurance. Spanning the full spectrum of the data warehousing process – from raw data transformation to clear and accurate reporting – the comprehensive solution helps insurance professionals at all levels make better business decisions and increase profitability.

“In a rapidly changing industry, insurance companies need to empower their employees with the right business intelligence tools to turn insight into action,” said Bill Hartnett, general manager of Microsoft’s U.S. Insurance Industry Group. “InsFocus is an important member of Microsoft’s Insurance Value Chain (IVC) program, driving innovation in business intelligence for their customers.”

About InsFocus Systems Ltd.

InsFocus Systems Ltd. (www.insfocus.com), a privately owned company, was founded in 2003 to meet the growing need of the insurance industry for insurance-specific intuitive BI applications. The company's mission is to provide insurance company executives with unique solutions to help them maximize their profits and control risks.