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InsFocus Systems was founded in 2004 by Uri Taiber with the mission of building a highly advanced yet simple to use business intelligence suite. Leveraging decades of insurance industry experience paired with BI and DW expertise, InsFocus has built its product, InsFocus BI for Insurance, which brings advanced analytics to every part of the insurance business, including marketing, underwriting, reinsurance, actuarial, and accounting domains. Building on its proprietary data models and extensive field experience, InsFocus has developed Structured Insurance BI Methodology. Using this methodology, InsFocus creates and deploys structured BI projects with a focus on predictable and accurate results, customizability, and user-friendliness.
Actuaries perform calculations and analysis needed to determine company reserves and correct tariffs. Responsible for statutory accounting, a company's accountant or controller requires enormous amounts of data that serve as inputs for these calculations, and spends much time collecting such information. InsFocus BI provides this information in visual report form, and exports it to Excel or other formats as an input for further calculations.