PanBI is a Powerful Data Analytics Solution For Independent Insurance Agencies

    FAIRFAX, VA, July 27, 2016 /24-7PressRelease/ -- Executives within Independent Insurance agencies and brokerages in Property and casualty (P&C), Life, and Auto and Home segments need to constantly innovate to attract new clients while retaining and growing existing clientele through new offerings. Financial Executives typically analyze their financial projections by reviewing historical premiums, revenues by geographical location, producer commissions by lines of business, and commissions by writing companies to decide whether continue to invest or divest. Tracking an agency's financial progress by the client, line of business, departments, producers, agencies and carriers in real-time, are not mere business needs anymore, but a must have the capability for competing in today's increasingly disruptive and digitally connected insurance industry.

ASSYST PanBI delivers more value to existing agency management systems (AMS) investments by uncovering the potential of all available existing data with out of the box business intelligence capabilities. PanBI is a web-based and mobile-ready data analytics platform that can be implemented either as-a-service or on premises. PanBI accelerator pack includes a catalog of most commonly used Key Performance Indicators (KPI). They include Premium vs Revenue Analysis, New Commission Revenue, Renewals, Book of Business by Producer, Revenues by the line of coverage, Retention / Loss rate of business, Percentage of cross-sold account and Close Ratio.

This is in addition to the flexibility ASSYST PanBI offers to build custom reports, integrations with enterprise and external systems and rapidly design agency specific dashboards. Analysis of critical business KPIs and client portfolio using PanBI provides snapshots on the customer, retention, cross-sell opportunities, new market opportunities, and growth targets. PanBI enables extending self-service data analytics and data visualization capability to a firm's management as well as to its employees, customers, agencies, and partners. It features provisions for governance of users, security and enterprise data while needing only limited IT involvement for day to day operation. PanBI promotes team collaboration and analysis of data for decision making as well as accountability for actions.

With PanBI, insurance agencies can now uncover new opportunities and more accurately steer producer efforts toward new business development with higher profit margins.

Experience ASSYST PanBI's mobile-friendly dashboard preview at http://www.panbi.co/insurance-data-visualization-tool/.

To schedule a demo please call the ASSYST team at 703-230-3136 or just send us an email at [email protected]

About ASSYST:
ASSYST is a global IT services and Platform solutions. Our home office is in Washington DC metro area. ASSYST serves customers in USA, Europe, Africa and South Asia. Company's Insurance practice supports independent insurance brokerages and agencies to embrace evolving technology needs with the modernization of core business systems, adoption of knowledge management and data analytics solutions.

# # #