Insurance Data Mastery Solutions Spectrum

March 9, 2004

Abstract

New York, NY, USA March 9, 2004

Insurance Data Mastery Solution Spectrum Reports Published by Celent

Data mastery is a critical area that is yielding high returns for insurers. But the vendor space is crowded and confusing. Celent痴 new report helps insurers quickly understand and navigate this space.

Data mastery encompasses data warehousing, data integration, business intelligence, reporting, and parts of CRM. Celent outlined data mastery, a phrase coined by Celent, in a June 2003 report where data mastery was shown to be a key area of investment and provider of ROI, according to the results of Celent痴 recent insurance CIO/CTO survey.

The vendor space for data mastery solutions is crowded and heterogeneous. It often takes insurers months just to figure out which vendors they should be speaking to for their individual projects. Celent痴 report is designed to help insurers understand the data mastery vendor space, and to provide an overview of the capabilities, areas of focus, and characteristics of each of over 30 leading solutions. Details on each vendor痴 solution are presented in short profiles, and are compared and mapped relative to each other in a simple figure and table designed to help insurers quickly assimilate information about this complex space, and which vendors are likely to be relevant to their specific initiatives.

"Few industries are so rich in customer, product, and operational data, and yet so poor at extracting useful information from that data as the insurance industry," said Matthew Josefowicz, manager of Celent痴 insurance group and author of the report. "But that is starting to change. There is a renewed emphasis on streamlining operations, on focusing on profitable businesses and customers, and on improving underwriting results. In addition, new laws require senior executives to have a crystal-clear understanding of their operations and their customers. Data mastery initiatives are the keys to both areas, and vendor-provided solutions are increasingly critical components of these initiatives."

The 47-page report contains 4 figures and 31 vendor profiles. A is available online.

of Celent Communications' Property/Casualty Insurance and Life/Health Insurance research services can download the report electronically by clicking on the icon to the left.  Non-members should contact info@celent.com for more information.

        

Send mail to info@celent.com with questions or comments about this Web site.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

 

New York, NY, USA March 9, 2004

Insurance Data Mastery Solution Spectrum

Return to report Abstract

 

EXECUTIVE SUMMARY 3
INTRODUCTION 4
INSURANCE DATA MASTERY OVERVIEW 5
MAPPING THE SOLUTIONS SPECTRUM 8
PROFILES 10
  Ascential Software 11
  Bristol Technology 12
  Business Objects 13
  Computer Associates 14
  Cognos 15
  CSC 16
  DWL 17
  ETI 18
  Fair Isaac 19
  FirstLogic 20
  IBM 21
  InfoManager 22
  Infomatica 23
  Innovative Systems 24
  Insight Decision Solutions 25
  Insightful 26
  Insurity 27
  Millbrook 28
  NCR Teradata 29
  Oracle 30
  PeopleSoft 31
  S1 32
  SAS 33
  SEEC 34
  SoftwareAG 35
  SunGard 36
  Sybase 37
  Thazar 38
  Unisys 39
  UCT 40
  Valen 41
  Whitehill 42
CHOOSING A SOLUTION 43
CONCLUDING THOUGHTS 45
OBJECTIVITY & METHODOLOGY 46

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