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Traders Insurance (Traders), a Kansas City, Mo.-based privately owned insurer, has selected the Cloverleaf Analytics’ (Austin, Texas) business intelligence (BI) solution to enhance real-time data capabilities that will allow faster, more efficient underwriting and claims resolution.
Traders has been a pioneer in the specialty auto insurance field offering affordable insurance policies to cost-conscious individuals and families in Arkansas, Kansas, Oklahoma and Missouri. Traders also offers renters coverage in those same states.
“Contrary to popular wisdom, price isn’t the only differentiator in the auto insurance market today,” comments Mark Concannon, CEO, Traders. “Our customers expect fair stable premiums delivered by a team who understand that their service makes a difference in our customers’ lives every day. This forms the foundation of better, faster, and more personal service. This implementation will greatly enhance our ability to assess our customers’ needs on both the policy and claims side of the business.”
Cloverleaf describes its BI solution for property/casualty insurance companies is designed to provide access to real-time analytics for discovering trends and insights across the entire enterprise, enabling proactive business decisions that would not otherwise be possible. Customers can jump start more informed decision-making processes, ramp up new business, and realize an immediate return on investment (ROI) with up-to-the-minute trend analysis, 100+ pre-built reports, dashboards, alerts, and integrations with third-party data providers, according to the vendor.
Leveraging Internal and Third-Party Data
“In times of change, the more data that can be accessed, the better,” comments Robert Clark, president, Cloverleaf Analytics. “We can not only open doors to Traders’ internal data but provide callouts to third-party data providers which will further amplify their informed decision-making and customer service capabilities. We are very happy to be working with Traders and look forward to a long relationship in the years to come.”