(Image source: Transverse Insurance Group homepage.)
Transverse Insurance Group, a Princeton, New Jersey-based property/casualty carrier specializing in program business and providing a broad range of commercial and personal lines products through partnerships with program administrators and reinsurers, has selected Cloverleaf Analytics (Austin, Texas) business intelligence (BI) solution.
Launched in 2018, Transverse provides admitted and non-admitted solutions and actively collaborates in all phases of program administration by engaging a team of insurance professionals with diverse backgrounds of technical skills including underwriting, product development, actuarial and financial analysis, compliance, and claims administration, according to a Cloverleaf statement.
“You can’t manage what you can’t see,” comments Robert Zerafa, COO, Transverse. “It seems simple to say, but to compete and to continue adding unique value to our customers in the best way we possibly can, we needed access to more information. The Cloverleaf implementation will give us insights into opportunities within our existing book of business, help steer us away from unnecessary exposures, deliver cost savings through recommendations for operational efficiencies, and provide direction for development of new products which may be advantageous to our current and potential customers.”
Enabling Proactive Business Decisions
Cloverleaf characterizes its BI solution as providing access to real-time analytics for discovering trends and insights across the entire enterprise and 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) using Cloverleaf’s intuitive interface to access up-to-the-minute trend analysis, 100+ pre-built reports, dashboards, alerts and much more,” the Cloverleaf statement says.
“We are literally finding new ways of accessing and interpreting data for our insurance company clients every day,” says Robert Clark, president, Cloverleaf Analytics. “We look forward to working closely with our new friends at Transverse in the months and years to come.”