Too often insurance companies are forced to rely on a variety of line-of-business reporting tools for their financial analysis. What they need is a single, integrated financial reporting tool that is secure, consistent, and built to handle large, complex datasets.
Whether an insurer focuses on personal lines, commercial lines, or reinsurance, timely, accurate financial information is critical to success. MicroStrategy helps ensure that organizations are empowered with the insight they need to efficiently manage their daily tasks, make better decisions, and effectively collaborate with colleagues. MicroStrategy financial reporting applications integrate data from a wide range of sources to allow users to seamlessly access critical financial information related to profit and loss, solvency, risk, claims, and expenses. MicroStrategy gives users a secure, personalized view of the financial information that is relevant to their role in the organization. Insurers can also deploy MicroStrategy mobile apps to their executives and board members, giving them instant insight into financial performance. These secure apps help ensure data integrity, reduce costs by replacing large binders of paper, and can lead to significant time savings for the insurer’s internal reporting team.