(Image credit: Jeon Sang-O.)
Cloverleaf Analytics (Austin, Texas), an insurance-ready, enterprise business intelligence (BI) and analytics solution provider, has announced a new partnership with property risk data provider HazardHub (San Diego). Through the partnership, Cloverleaf will integrate HazardHub’s data into its BI and analytics solutions, making it immediately available for the vendor’s property/casualty insurer customers.
“Cloverleaf is very focused on providing our property/casualty insurer customers with better decision-making power through real-time analytics based on enterprise data,” comments Robert Clark, president, Cloverleaf Analytics. “Unfortunately, many insurers struggle with being able to access the right data in the right format, so purchasing external data from third parties is a necessary part of being able to select and write the best risks. This partnership will help bridge the data divide for our insurer customers.”
The Cloverleaf solution is designed to consolidate data across the enterprise for real-time analytics and cutting-edge visualizations, according to the vendor. With little to no onboarding or training required, Cloverleaf’s customers can immediately utilize the solution’s intuitive interface to access up-to-the-minute trend analysis, more than 150 pre-built reports, dashboards, alerts, scorecards to analyze data from internal and external sources in a single report without any development work, eliminating the time and errors that come with manual manipulations, the vendor asserts.
More Holistic Picture of Each Risk
“Insurers have traditionally been very limited as to sources of data on which underwriting decisions and rates could be based,” said Bob Frady, CEO of HazardHub. “We’re moving beyond application data and narrow geographical views of potential properties to be insured to provide a more holistic picture of each and every risk in real-time. Partnering with Cloverleaf helps us get more detailed information into the hands of insurers when it can actually make a difference.”