(Image source: Lilitz Mutual homepage.)
Lititz Mutual Insurance Company (Lilitz, Pa.) has selected Cloverleaf Analytics, an Austin, Texas-based provider of insurance-specific enterprise business intelligence (BI) software, to consolidate and manage insurance data as part of its migration to Guidewire InsuranceNow (san Mateo, Calif.). Lititz Mutual is transitioning from a data system serving 15 lines of business including farmers and homeowners insurance to InsuranceNow and will be utilizing the Cloverleaf Insurance Intelligence platform to consolidate the data and provide self-service advanced analytics.
“Lititz’s 130-year history and multi-generational customer relationships are proof of the importance that we place on having the best products and services for the insured,” comments Lydia Stephan, VP, Information Systems, Lititz Mutual. “Our unique experience in having been through several major cultural, societal, and technological evolutions has given us the understanding of when and how to effectively transform our business. By selecting Cloverleaf, we are elevating the level of insights we have into key areas of our company that will see us through to hopefully many more decades of growth and customer satisfaction.”
“Cloverleaf is helping carriers and MGAs enhance their InsuranceNow implementations with intelligence about insurance data that is not readily found in the industry,” comments Zachary Gustafson, General Manager, Claims & InsuranceNow, Guidewire. “We are pleased to hear about Lititz’s decision to leverage Cloverleaf alongside Guidewire, which demonstrates the value of our combined solutions.”
Cloverleaf describes its business intelligence solutions as helping carriers to centralize large, legacy database architectures efficiently, accurately, and securely to position insurers to better serve today’s insurance customer. The company says its insurance-centric BI experience serves as the foundation for Cloverleaf’s Insurance Intelligence platform which strategically leverages a combination of insurance-centric tools and emerging technologies with a proper lens on how to create the right custom technology environment to address new risks facing the insured across any type of personal lines insurance.
Deriving Meaningful Value from AI and ML
“Beyond the modernization of Lititz’s data strategy, another exciting aspect of this new partnership is the potential for helping one of the nation’s oldest insurers derive meaningful value from AI and ML,” says Robert Clark, Founder and CEO of Cloverleaf Analytics. “We continue to see the momentum of carriers that are done with the status quo of building and managing ineffective data systems choosing to better position themselves and the insured for success through the insights that only Cloverleaf can provide.”