Insurance software provider Xuber has teamed up with insurance software house Innovation Group to build an advanced analytics tools ‘Xuber Analytics’, which is scheduled to roll out in early 2013.

Designed to offer powerful and comprehensive reporting for channelize return on investment and transforming data into information, the new tool enables businesses to make more informed decisions.

Apart from management or reporting specialists, the data analysis provided by the tool will also be equally beneficial for all company practitioners.

As per terms of the deal, Xuber has exclusive worldwide rights to Innovation Group’s software to use with Xuber products.

Xuber and Innovation Group will collectively invest in product development and upon release and the tool will be available for use anytime, anywhere, on a large range of mobile devices.

The development follows the successful re-launch of Xchanging’s insurance software business as ‘Xuber’ in October.

Xuber, a part of Xchanging provides software for insurance specialists, which are presently implemented by 130 brokers and carriers in over 40 nations in the UK, the US, mainland Europe and Asia Pacific.