Prima Analytics
Prima Analytics is the cloud platform for portfolio analysis and rate simulation designed specifically for the insurance sector. A true decision-support solution, Prima Analytics lets you explore your insurance data to identify your profit and loss centers. With Prima Analytics, you can scientifically justify your corrective actions and help improve your technical profitability.
Prima Analytics
Insurance data classification and analysis software
Whether you are a CEO, a product manager, head of marketing, a branch manager, an actuary, or involved with reporting, Prima Analytics lets you monitor and segment your insurance data in order to track your goals, perform trend analyses, and optimize your portfolios. Prima Analytics uses science and technology to measure the marketing, financial, and commercial impact of your activities and reevaluate scope periodically through your product lifecycle.
Prima Analytics connects to all of your information systems, including other Prima Solutions software. Your data from any type of portfolio (automotive, construction, health, life, reassurance, etc.) can be fed back into the platform to give you crucial information about each of your business areas, without bringing down the performance of your management tools (replicated database).
A secure 100% cloud solution, Prima Analytics is easy to deploy, maintain, and use. The software is designed for all types of profiles, even non-technical ones, to share analyses and manage data more efficiently.
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360° view of your portfolio
Profitability requires advanced knowledge of your portfolios. With Prima Analytics, you can clean up, group, and consolidate your data and then segment the different types of risks, policyholders, or claims in order to identify your profit and loss centers. This allows you to classify and visually organize your information. For example, you can quickly filter and identify atypical segments, areas of high loss, distribution channels that need to be monitored, or poorly priced coverage. -
Predefined analyses and ad hoc reports
With Prima Analytics, you can explore your portfolios and use precalculated key indicators tailored to the insurance industry (loss ratio, frequency of claims, pure premiums, average costs, exposure, insured sums, earned premiums, etc.) for even the finest level of data analysis (drilling down to purchases, claims, or terminations). You can also easily configure your own variables and set up analyses to better monitor and manage your business (technical and financial results, fraud detection, geographical distribution, etc.). -
Clear view of performance indicators
With Prima Analytics, you’ll be able to represent complex data sets more simply, informatively, and instructively. You can also share them with your ecosystem depending on their access rights (general management, local branches, and brokers) and generate dashboards. The claims explorer will allow you to browse through your portfolios by expanding the areas of analysis, changing the types of graphs, and testing different views. -
Decision support
Prima Analytics gives meaning to your insurance data and helps you make the best decisions. For example, the software makes it easy to compare periods, smooth out the effects of seasonal variations, and analyze trends based on different variables (premiums, loss ratio, etc.) or using moving averages. The software also makes it possible to perform predictive analysis (elasticity) and rate simulations (as if) to test different scenarios or adjust your offers according to your loss ratio objectives (linear regression). With Prima Analytics, you can plan ahead more effectively and justify the impact of rate changes.
Prima Analytics
After centralizing and segmenting our data in Prima Analytics, we now have a common repository to rely on for easily conducting our strategic analyses.
Sanlam Allianz
After centralizing and segmenting our data in Prima Analytics, we now have a common repository to rely on for easily conducting our strategic analyses.
Thanks to the flexibility of Prima Analytics, we can equip all Sanlam entities, current and future, with a single decision-support/making solution. In fact, our 15 subsidiaries were able to quickly run their analyses on Prima Analytics, even though they don't all manage their activities on the same systems.
Sanlam Allianz
Thanks to the flexibility of Prima Analytics, we can equip all Sanlam entities, current and future, with a single decision-support/making solution. In fact, our 15 subsidiaries were able to quickly run their analyses on Prima Analytics, even though they don't all manage their activities on the same systems.
Data mining tools do exist, but they are not dedicated to the insurance sector. Our users are unanimous: one of the main advantages of Prima Analytics is its adaptation to their business. The software is ready to use, which saves them precious time.
Life and non-life insurer
Data mining tools do exist, but they are not dedicated to the insurance sector. Our users are unanimous: one of the main advantages of Prima Analytics is its adaptation to their business. The software is ready to use, which saves them precious time.
Our teams were immediately impressed by the enhanced user-friendliness and calculation power of Prima Analytics. Our colleagues appreciate the ease of use and the simplicity of navigation. The results are obvious after just a few weeks' use of the new version.
Life and non-life insurer
Our teams were immediately impressed by the enhanced user-friendliness and calculation power of Prima Analytics. Our colleagues appreciate the ease of use and the simplicity of navigation. The results are obvious after just a few weeks' use of the new version.
In just a few months, the decisions taken with Prima Analytics enabled us to observe a 4 to 5 point reduction in claims on the automobile portfolio.
Life and non-life insurer
In just a few months, the decisions taken with Prima Analytics enabled us to observe a 4 to 5 point reduction in claims on the automobile portfolio.
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