(Skyline of Charlotte, N.C., home to Yodil. Photo credit: Riction.)
Yodil (Charlotte, N.C.), a provider of data and analytical solutions to the insurance industry, and Discoverture Solutions (Phoenix), a U.S.-based IT services and solutions vendor, have launched a partnership to provide insurers of virtually all sizes with what they call a complete, affordable and quick-to-implement business intelligence (BI) and data analytics solution.
Yodil, which provides BI, enterprise data warehouse (EDW), and data analytics, management and operational reporting solutions, will combine its expertise with Discoverture Solutions’ range of implementation services to apply the benefits of BI and data analytics to all key insurance enterprise functions, including underwriting, claims, actuarial, marketing, product development and finance. A Yodil statement adds that Discoverture will offer systems integration (SI) services to Yodil’s clients to support Yodil’s growth.
Under the partnership agreement Discoverture will be the lead SI for implementing Yodil’s insurance-specific BI platform, and both organizations will work together on sales initiatives, co-development programs, training and customer demonstrations.
Yodil CEO Fred Waite frames the partnership within a context of demand for Yodil’s solutions exceeding expectations. “It became clear we needed a system integration partner with a proven track record, deep insurance expertise and in-the-trenches experience,” Waite comments. “Discoverture is a proven organization that will support our strategic plan while increasing our delivery capacity.”
Analytics at Center of Insurance Transformation
Discoverture’s president Steve Addair couches the partnership announcement in an affirmation that data and analytics are at the center of transformation driving insurance industry today. “We look forward to applying our expertise to enable insurers to gain insights from the vast amount of data from disparate sources, identify new opportunities and derive maximum value from their investment in Yodil’s BI and analytics solutions,” He says. “Our partnership with Yodil offers the global insurance industry a great complement of advanced business intelligence solution combined with extensive experience and capability in solution implementation and technology integration.”