Business Intelligence Software Gives Insurance Companies Visibility Into the Washington D.C. Market

Business intelligence software for insurance companies automates the process of gathering large amounts of data quickly.  The data can be instantly turned into information that would be useful to everyone from procurement and sales through intelligence teams and executives.

The following rate change chart displays the overall health insurance rate changes for a 42 year old male in 20011 - Washington D.C. over the course of 2011. The chart was produced quickly and easily from software for insurance companies. 

What a difference a year makes!  Aetna decreased all of their rates by approximately 12.5% in 2011.  Contrarily, Assurant underwent the most drastic increase, raising rates by 47%, and Kaiser behaved similarly, raising rates by 32% in 2011.  Blue Cross Blue Shield Carefirst and Celtic went through more modest increases, 7% and 9% respectively.  And Health Insurance Innovations changed their coverage twice which makes a rate comparison more difficult.

Any number of conclusions can be drawn from this data.  This particular view describes what was actually offered to individuals over the course of 2011.  Business intelligence software for health insurance companies provides the facts that allow for the competitive insights that can be applied to marketing, sales, and executive management decisions.