Make the move to modern analytics
Modernize to stay competitive
With Yellowbrick, industry-leading insurance companies are streamlining critical use cases, including customer360, fraud detection, cyber risk, risk modeling, IBNR reserving, and IFRS-17 compliance, allowing them to bring new products to market rapidly and efficiently. At the same time, the flexibility, cost efficiency, and brute force of Yellowbrick enable them to respond to regulatory changes quickly and improve their decision-making with new datasets, including vehicle and asset telemetry, climate data, and market data.
Solve for IFRS
Drill down and what-if scenarios.
With Yellowbrick, actuaries have the power to execute iterative drill-downs on complete and detailed data sets, performing the dozens of complex what-if scenarios necessary for IFRS reporting.
Eliminate fraud at source
Detect fraud when it happens. Slash costs by correlating all the data giving investigators and analysts the complete picture of each incident. Feed advanced machine learning models for automated fraud detection and stop bad actors in their tracks.
Address Underwriting Risk
Improve risk modeling
With Yellowbrick speed, actuaries and analysts have the freedom to deliver more accurate risk models to improve profitability and free-up capital. Faster queries mean a low friction user experience and deeper analysis – without changing the analytics tools they are used to.
Price premiums in real-time
Yellowbrick helps insurers win and retain business. In this age of on-line price comparisons and ever more frequent competitor rate updates, you can’t afford to wait weeks or months to discover and correct mispricing. Get ahead of the competition and analyze the market with access to huge historical datasets and real-time data to spot the potential to reduce churn. Set competitive premiums that maximize sales and maintain margins.
Optimize Claims Processing
With Yellowbrick, claims teams have real-time access to all the data and are able to process claims more efficiently than ever before, ensuring higher accuracy, smoothing frictions from the customer experience, improving the bottom line, and increasing brand value.
Streamline IBNR Reports
Close by Quarter End Every Time!
Legacy data warehouses or Hadoop systems are slow and only execute simple, short-range, ad-hoc queries. They no longer meet the requirements for sophisticated IBNR reserving, P&L, and other operational reporting. Your actuaries are hindered by these technologies, forcing them to create complex workarounds that take days to execute and man-years to maintain. The brute force of the Yellowbrick massively parallel processing (MPP) engine enables faster, more accurate reporting and blasts through this complexity to get the job done with SQL.
“In choosing a cloud data warehouse provider, we were focused on two main things: price for performance and ease of migration. Yellowbrick met our needs in both key areas and has begun to establish a strong relationship with us. We run complex workloads that require Postgres compatibility, seamless integrations with Informatica, and hybrid cloud flexibility. Our choice to move forward with Yellowbrick benefits our large-scale, end-of-month reporting needs and allows us to update our risk models and reporting environment faster than ever before.”
Denise Birdsell, Head of IT Data Management at Zurich at Zurich North America