Business Intelligence Software Gives Insurance Companies Visibility Into the Hollywood Market
Business intelligence software for insurance companies gathers large amounts of data quickly and efficiently. The data is instantly turned into the information that would be useful to anyone in 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 Hollywood, CA 90210 over the course of 2011. The chart was produced quickly and easily from software for insurance companies.
There was only 1 plan that decreased their rate for 2011. The "Health Savings 1900" plan from Cigna decreased by 9.2% while coverage remained unchanged from January to December 2011. Anthem and Blue Shield had the smallest amount of changes to rates out of all companies that offer plans. Assurant raised their rates the most; both in quantity and frequency.
One could drawn any number of conclusions from this data. This particular view only shows what was actually offered for new applicants over the course of 2011. Business intelligence software for health insurance companies grants the information that allows for the competitive wisdom that can be applied to marketing, sales, and executive management decision making.