Business Intelligence Software Gives Insurance Companies Visibility Into the Boston, MA Market

Business intelligence software for insurance companies automates the process of gathering large amounts of data rapidly.  The data can be instantly turned into the kind of information that is imperative for procurement, sales, intelligence teams, and executives to know.

The following rate change chart displays the overall health insurance rate changes for a 42 year old male in 02124 - Boston, MA over the course of 2011. The chart was produced quickly and easily from software for insurance companies. 

Summary:

Overall, it seems as though the health insurance rates in Massachusetts are extraordinarily volatile.  Almost every company made rate changes to all of their plans each month.  Fallon Community Health Plan stood out as the only company to go through a net decrease in rates without changing coverage.

Any number of conclusions can be inferred from this type of data.  The above table and summary simply illustrate the plan data that is actually offered to individuals, and how they changed 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 essential marketing, sales, and executive management decisions.