StoneRiver Allies with 4Sight to Provide Reporting, Predictive Analytics and BI Capabilities

4Sight’s reporting, predictive analytics and BI capabilities will work in concert with the entire StoneRiver Stream Suite P&C core processing systems, as well as with the PowerSuite billing and claims offering.

StoneRiver (Denver) has entered into an alliance with 4Sight Business Intelligence, a provider of business intelligence (BI) solutions for the property/casualty insurance industry, to act as a reseller of 4Sight’s solutions. 4Sight’s reporting, predictive analytics and BI capabilities will work in concert with the entire StoneRiver Stream Suite P&C core processing systems, as well as with PowerSuite, a billing and claims solution for larger workers’ compensation carriers and funds, according to a StoneRiver Statement.

StoneRiver clients opting to include 4Sight capabilities receive what the vendor characterizes as enhanced value beyond Stream’s deep functionality with the ability to create and run ad-hoc reports, dashboards and scorecards, and to mine data to gain insight for better decisions.

“This alliance with 4Sight helps StoneRiver deliver on our commitment to ensuring our customers have powerful specialized capabilities for immediate as well as strategic decisions,” comments Gary Anderson, President and CEO of StoneRiver.

(Related: Enterprise Performance Suite Taps Existing Systems for Data-Driven Decision Making.)

“4Sight continues to bring business intelligence solutions to every property and casualty entity.  This alliance with StoneRiver strengthens our ability to provide organizations of all sizes with predictive analytics, data mining and analysis capabilities,” says Robert Clark, vice president of development, 4Sight.

4Sight Business Intelligence describes its focus as providing off-the-shelf, documented, solutions with ad-hoc reporting, what-if analysis, dashboards, scorecards, standard reports, data mining and pre-built ETL processes which allow for quick configuration and implementation of typically less than 45 days. The vendor offers solutions that support most platforms and the customer’s choice of database, for carriers and MGAs of all sizes. Among 4Sights clients are AXA Re P&C, American Alliance, Mutual Aid Exchange, Preferred Auto, Chautauqua Patrons Insurance, American Physicians, American Leader, Texas Farm Bureau and the NC Farm Bureau.

StoneRiver delivers a wide range of technology solutions and services to insurance carriers, agents and broker-dealers. Its product group comprises front-office, policy, claims, rating, underwriting, billing and reinsurance automation for all major business lines.

(Related: 5 Best Practices for Successful Technology Deployed.)

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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