EXTON, Pa., May 11 /PRNewswire/ -- Millbrook Incorporated announces the general availability of the Millbrook Information Suite 2006. The new suite represents a significant evolution of business intelligence solutions designed to meet the needs of property/casualty insurance companies. Millbrook Information Suite 2006 incorporates the business intelligence platform from Business Objects , the world's leading provider of business intelligence solutions, to make operation business intelligence a reality. For property casualty insurance companies, business intelligence now moves beyond a niche-oriented solution for analysts to an enterprise information resource well suited to address the needs of users, ranging from home office-based executives to agents in the field. Rinaldo Perez-Zayas, Vice President of Information Technology, Seguros Triple-S, Incorporated reports that, "managers in our organizations don't have time to drill down into hard-to-use databases to find the information that they need to answer a question from an agent that they have on the telephone. The business intelligence solution should anticipate what's important to their business. This new release gives us the ability to deliver this level of service."
"Our customers tell us that they want to put actionable information into the hands of executives and line managers so that they can respond more quickly to change," said Jack Plunkett, President of Millbrook Incorporated. "The new release of Millbrook Information Suite pushes information to users based on business rules defined by the organization. Through key performance indicators presented in dashboards and alerts embedded in reports and guided analytics, end users are notified concerning the key metrics important to their role and responsibilities improving responsiveness and coordination across the enterprise."
"Translating business requirements into enterprise-wide business intelligence is Millbrook's core value to the insurance industry. Millbrook Information Suite 2006 with integrated Business Objects technology is our foundation to deliver highly functional insurance application components within an open framework," according to John Search, Vice President of Millbrook Incorporated.
Major features of Millbrook Information Suite 2006 include:
- Dashboard presentation to view key performance metrics and triggered
alert information
- Flexible reporting options designed to meet the broad range of
requirements from casual to power users
- Rich meta data services that ensure that users can produce the
information that they want
- New extract, transform and load (ETL) services to streamline data load
and simplify ongoing maintenance and modifications
- Enterprise Data Warehouse (EDW) insurance models are now available as a
Business Objects Universe to quickly generate the data views needed to
support business operations
This release is the basis for the future development of targeted application components for insurance processes such as underwriting, claims and reinsurance.
About Millbrook Incorporated
Millbrook's insurance company customers use Millbrook's Business Intelligence (BI) systems to improve their overall business performance by increasing revenues, driving down claim costs and increasing profitability. The insurance industry is critically dependent on the availability of reliable and insightful information. Insurers are demanding that new and expanded BI provide them with the capability to improve their product excellence, pricing accuracy, customer service and distribution efficiency and effectiveness. Millbrook's Business Intelligence systems make theses goals achievable.
Reviewing the insurance value chain confirms that BI can play a crucial role in almost every aspect of that chain. It helps to identify the risks that are profitable and those that are not and analyzes the reasons for customer attrition. It helps the insurer better manage its agents and sales force and improve the effectiveness of actuarial and underwriting functions. BI forms the most critical component of claims management, helping in fraud selection and allowing precise drilling from high-level alerts to detail layers to better analyze and understand developing trends and patterns. BI tools help insurers provide crucial information to corporate clients, which go a long way in cementing the insurer's relations with those clients.
Millbrook is proud to provide the Millbrook Information Suite 2006 (MIS) to the property and casualty insurance industry. The evolutionary result of many successful live deployments, MIS provides a mature, comprehensive, industry-specific Enterprise Data Warehouse model, a defined set of data aggregates and snapshot marts and a complete user interface that provides proactive performance management tools including Dashboards, Alerts and Key Performance Indicators. Superb, world-class tools are provided in an open and scalable manner for analysis and reporting. All of this is driven by a tested and proven deployment methodology that is the product of the company's unique industry competence and focus and recognizes the need to drive true BI from precise business needs and requirements.
The Millbrook suite of products and services allow insurance companies to employ one, several, or all components, to address their needs in using business intelligence to drive business improvement. With its industry- specific models and success in deployment, Millbrook has helped its insurance company customers to successfully convert its information assets to true Business Intelligence. More information about Millbrook can be found at http://www.millbrookinc.com/.
CONTACT: Sales & Marketing
Millbrook Incorporated
(610) 524-6556 ext. 2114
