DO YOU
HAVE A PLAN ?

In some cases Insurance Companies embark on data management and Analytics initiatives by only addressing technology aspects of the problem and jumping right into shopping for solutions. Such an approach is like walking blindfolded into a maze and hoping for the best.

PRESENTING THE INEDGE APPROACH.
AN ANALYTICS ROADMAP FINELY TUNED
AND TAILOR-MADE FOR THE CREATION
OF INSURANCE ANALYTICS INITIATIVES.

One of our most valued services is our Analytics Roadmap. This service provides Insurers with everything they need to successfully plan and evaluate the benefits of Analytics initiatives. Our method delivers a deployment plan aligned with business benefits for all areas of the company including Underwriting, Product Management, Claims and Actuarial.

We strongly believe in customizing our approach and therefore, our services are always tailored to your specific needs.

 

“Working with InEdge in developing our Analytics Roadmap allowed us to clearly envision the path to success with enough details to make the right decisions, establish our priorities and in the end, maximize the return for our business.

— Peter Balisteri, CIO at Merchants Insurance Group

The InEdge ANALYTICS ROADMAP PROCESS

The InEdge Analytics Roadmap service is both efficient and effective, conducted by seasoned Analytics experts that can cut through business, process and technology issues.

Our Roadmap service is generally conducted as follows:

The InEdge ANALYTICS ROADMAP DELIVERABLES

The Analytics Roadmap deliverables include a number of support Artifacts such as the following four
key deliverables:

INFORMATION
NEEDS MODEL

Indicating
opportunities
for analytics

For each
business
area

CONSUMPTION
NEEDS MODEL

How users need
to consume
information

In terms of
+ Data
+ Report Analysis
+ Process

ANALYTICS
VALUE MODEL

Business value
assessment of
required analytics

Made along
+ INM Relative Return
+ Business Value
+ Relative Cost

ESTIMATION
AND SEQUENCING

Returns and costs
per iterations
and analytical
domains

Using both
+ Business Modeling
Results
+ Our Incremental
Iterative Delivery
+ approach

Information
Needs Model

Fully indexed information needs model per business area indicating opportunities for analytics and applications. It provides the analysis and perspective needed to understand the task at hand, set milestones, and obtain the attention and buy-in of key stakeholders.

- EXAMPLE –
Information Needs Model for a sample of 5 typical Business Area

Consumption
Needs Model

Fully indexed consumption needs model providing visibility across business areas on how users need to consume information.

- EXAMPLE – Consumption Needs Model

Analytics
Value Model

Analytics value model providing business value assessment of required analytics to support the informational and consumption requirements. The assessment is made along the 4 key metrics of Complexity Assessment, Relative Cost, Business Value Assessment and INM Relative Return:

- EXAMPLE – Business Value Assessment of Required Analytics

Estimation
and Sequencing

Program Estimation and Sequencing is delivered using the results our Business Modeling and devised with InEdge’s Iterative-Incremental approach as a delivery foundational approach.

- EXAMPLE – Relative Return by Iteraction Block and Analytical Domain