Wipro launches Insurance Claims Analytics.

(From InsuranceNewslink.com)

Wipro Technologies has announced the launch of Insurance Claims Analytics (ICA)-an integrated business intelligence (BI) offering targeted at property and casualty insurance carriers.

Built on the SAP (BusinessObjects XI 3.1 intelligence platform, this solution leverages SAP BusinessObjects BI solutions. The offering combines Wipro's strong knowledge of global insurance markets and experience in BI with the BI capabilities of the SAP BusinessObjects portfolio and SAP's insurance experience.

With up to 80% of P&C carriers' costs concentrated in the claims area, BI and analytics solutions can have impact on the carriers' future profitability, competitiveness and compliance levels. Wipro recognizes that carriers need support in developing the right decision support systems to address their unique and unprecedented business challenges.

"Wipro is harvesting its extensive insurance and BI experience and knowledge to create solutions that will enable the P&C carriers to be more competitive, profitable and compliant," said Ajoy Menon, global insurance head, Wipro Technologies. "Due to its strategic importance, claims are the first area in which we would like to concentrate and help our clients become more successful. We are committed to pursuing business solutions as a major line of business and the Integrated Claims Analytics solution is a major step in this direction."

"Customers are demanding a proactive, insightful way to manage their claims processes more effectively," said Leo Schneider, senior vice president, IBU ...