InEdge announced on Wednesday that it has entered the U.S. marketplace with its expertise and innovative business intelligence solutions for insurance companies. The company’s solutions enable insurance companies to increase productivity and reduce operations costs by making data management and analysis tasks less labor intensive and time consuming.
In business since 1994, InEdge is a successful Montreal-based firm that has captured a significant share of the Canadian insurance market. Its solutions are used to analyze as much as 25% of direct written premiums in the Canadian property and casualty insurance sector.
With success under its belt, InEdge has now turned its eyes on the U.S. market and has been working with solutions from companies like Microsoft, MicroStrategy, and Informatica, among others, to cater to its clients’ needs across North America.
“InEdge enables insurance companies to easily extract more value from their data when compared to the internal systems that insurance companies traditionally build themselves,” said Philippe Torres, president of InEdge. “With our solutions, insurance companies are able to spend more time analyzing data rather than assembling it, and can therefore assess risk more precisely and offer products that are more aligned with consumers’ needs.”
Many insurance companies fail to build successfully their own data management systems due to the complex nature of integrating their data across multiple software platforms. Based on InEdge’s extensive insurance industry expertise, the company first works with its clients to build a roadmap and then delivers simple and intuitive customized solutions that quickly and efficiently provide the critical information customers need.
InEdge is the creator of FellowDSS™, a complete business intelligence solution for insurance companies that integrate technical elements and industry-specific business content. It is built around an integrated data warehouse that stores transactional data from a company’s operational support systems. FellowDSS™ consolidates and integrates data from across the various systems of a company, and makes the data easy to analyze through pre-defined or ad-hoc reports. Simply put, it provides a single version of the truth.