Power BI for insurance
Analyse and optimise
with Power BI
Make fast and informed decisions with Power BI for insurance. Our experienced insurance BI consultants will help you:
- empower your sales team with in-depth reports
- optimise efficiency in claims management
- combat fraud with analytics, AI, and data mining
Get your free Power BI assessment
Including advice on using Power BI for your insurance goals.
Analyse and optimise with Power BI
Make fast and informed decisions with Power BI for insurance. Our experienced insurance BI consultants will help you:
- empower your sales team with in-depth reports
- optimise efficiency in claims management
- combat fraud with analytics, AI, and data mining
Get your free Power BI assessment
Including advice on using Power BI for your insurance goals.
Clients who use our BI expertise
Power BI insurance solutions
Influential is a team of BI experts with decades of experience in insurance. We’ll help you align tools and processes to achieve transformative value with Power BI for insurance. Here are the benefits you can expect from our consultancy:
High performance
Monitor and improve performance in claim handling and customer service.
Faster insights
With Power BI, the days of manually searching for claims details are over.
Better protection
Gain actionable insights that help you detect fraud and predict trends.
Unified data
Connect all your valuable insurance data to gain a single view of the truth.
See how we use Power BI in insurance
Power BI insurance features
Looking to get ahead of the competition in insurance? We’ll help you choose the right features to use in Power BI. Here are some of the features you can use with Power BI for insurance.
Dynamic finance models
Use DAX to calculate insurance premiums dynamically in Power BI instead of working them out manually.
Automated reporting
Thanks to Power BI’s automatic reports, your team can focus on the stats rather than manual data entry.
Powerful capabilities
In Power BI, Microsoft combines Excel, Access, Power Query, and Power Pivot together in one unified tool.
Real-time insights
See insurance claims losses and underwriting trends in real time, so you can react right in the moment.
Understand relationships
Analyse brokers and agencies with visual reports on things like gross written premium per broker.
Analyse performance
Get insights into whether a product is performing well in a certain demographic or geographical area.
Want to implement Power BI in your business?
Our Power BI offering
Planning to adopt Power BI? Our business intelligence services bring 30 years of expertise in BI and insurance to maximise your software’s value.
Benefit from our end-to-end assistance, whether for a full project or ad-hoc support.
Get Power BI set up quickly with reduced implementation costs and a tailored BI platform.
Connect any number and type of data with pre-built integrations. We also build custom connections.
From APIs to AI, our Power BI experts will craft custom solutions to any challenge.
Get fast delivery, flawless transport, and a ready-to-go BI platform.
Get tailored data protection for Power BI that works wherever your data lives.
From minor fixes to ongoing tech support, we’re here to help.
Instructor-led Power BI training for finance teams and data analysts.
Ask the Power BI pros
What issues often lead insurers to adopt Power BI?
If there are any issues arising in BI for insurance, they can normally be credited to “completing the final mile”. Some insurers are drowning in under-utilised data and don’t have a clue how to put it to work. The problem normally boils down to insurers not reconciling the data available for business intelligence with their own business needs.
Based on our past experience, we can help you develop a business intelligence strategy that truly makes an impact.
Will Power BI help my business meet industry standards for insurance?
Microsoft has world-class security capabilities that can help protect insurers from security threats. With Power BI’s data protection you can:
- classify sensitive customer data using Microsoft Information Protection sensitivity labels
- monitor and protect user activity on sensitive data in real time with alerts, session monitoring, as well as risk remediation using cloud app security
How will Power BI help my insurance company make decisions?
Using Power BI for insurance means you can extract data from day-to-day operations and carefully analyse that data to uncover insights that drive business results.
You can use existing capabilities built specifically for the insurance industry, including a 360-degree view of business, powerful data analytics, interactive dashboards, and more.
What factors can I include in Power BI insurance calculations?
With Power BI you can calculate the insurance premium customers will be charged by analysing factors such as:
- cost of the insurance policy
- age of the policy holder
- occupation of the policy holder
- duration of the insurance contract
- interest over the policy duration
With Power BI automating these time-consuming calculations, your team will experience a boost in efficiency and gain extra insight.
Empower your business with Power BI
Get in touch to receive answers from a Power BI consultant about:
- your estimated Power BI integration cost
- the ideal technologies for your Power BI integration
- your potential Power BI integration strategy
Complete the contact form to start your data-driven transformation.