Business Intelligence Software Gives Insurance Companies Visibility Into the Philadelphia Market

Business intelligence software for insurance companies simplifies the process of obtaining enormous amounts of data rapidly.  That data can instantly be proccessed into insightful information that can be used by anyyone 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 19120 - Philadelphia, PA over the course of 2011. The chart was produced quickly and easily from software for insurance companies. 

• Aetna experienced the biggest decrease to their High Deductible and PPO plans (15%).  Of which they did not revert the decrease.
• Blue Cross Independence had the smallest amount of changes to rates out of all companies that offer plans.
• Coventry had the most volatility in their rates during 2011, raising them twice, decreasing once, and then raising them again.  The net result of which was an increase of 17%.
• Assurant raised their rates the most, increasing them by 21% between January and December.

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