Wipro Technologies, the Global IT Services business of Wipro Limited, on Tuesday announced the launch of Insurance claims Analytics (ICA), an integrated business intelligence (BI) offering targetted at property and casualty (P and C) insurance carriers.
Built on ‘SAP BusinessObjects XI 3.1 intelligence platform’, this solution leverages SAP BusinessObjects BI solutions.
The offering combines Wipro’s strong knowledge of global insurance markets and experience in BI with the market-leading BI capabilities of the SAP BusinessObjects portfolio and SAP’s insurance experience, a release said.
With upto 80 per cent of P and C carriers’ costs concentrated in the claims area, BI and analytics solutions can have tremendous impact on the carriers’ future profitability, competitiveness and compliance levels, it said.
“Wipro is harvesting its extensive insurance and BI experience and knowledge to create solutions that will enable the P and C carriers to be more competitive, profitable and compliant”, said Ajoy Menon, Global Insurance Head, Wipro Technologies.
“Due to its strategic importance, claims are the first area in which we would like to concentrate and help our clients become more successful. We are committed to pursuing business solutions as a major line of business and the Integrated Claims Analytics solution is a major step in this direction”, he added.