Advanced System Designs (ASD), a provider of business and technical solutions, has launched BI Express Insurance Solution, a new business intelligence solution for the insurance industry.

According the ASD, the BI Express Insurance Solution drives data from an API through to scorecards, dashboards and reports. It will provide data stores that can support predictive modeling, ad-hoc data analysis, and custom reporting. The solution provides an architecture with control balancing, workflow management, and error reporting – increasing user trust in the data.

ASD solution claims that its solution helps insurance companies to address complex business issues and gain deep insight into their performance and profitability by transforming complex transactional data into focused, relevant, information for business analysis. The solution provides information to the executives, underwriters, marketing and claims managers, and others to effectively manage pricing, rating, loss predicting, reserve setting, claims handling, distribution channels and more.

Justin Silver, director of business development for ASD, said: “ASD works with companies of all sizes with varying levels of BI maturity. We have designed our product with this in mind, offering a complete out of the box solution; leveraged to jump start a custom BI solution or to accelerate the business benefits of an existing data warehouse program.

“Additionally, our solution can be deployed at the client’s designated site, hosted in an ASD environment, or even Software as a Service (SaaS). No matter what the need, we work with clients to ensure that their requirements and business goals are met.”