• Teradata Data Integration Roadmap for Insurance

  • The Missing Link: Selecting business intelligence initiatives based on enterprise needs

    Teradata has developed industry-specific Data Integration Roadmaps as reference models to support alignment of analytics to business strategy and analytics. These models provide a best-practice approach that leverages one of the most stable aspects of the business environment — the data — as represented by the integrated data model.

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    Increasingly complex government regulation and bargain-hungry policyholders are just two of the major challenges you face as an insurance provider. To survive and succeed in this highly competitive marketplace, you must make sure the connection between your technology and business objectives is crystal clear. The Teradata Insurance Data Integration Roadmap (DIR) can help you bring it all into focus.

    The Teradata Insurance DIR is a visual reference model that shows you how you can support your strategic business values and decisions based on a foundation of integrated data. Combined with the Teradata Logical Data Model for Insurance, it provides value by ensuring a business-driven perspective to data warehouse design and usage. This DIR forges linkage from the highest strategic levels of your company down to the basic business information as captured in day-to-day operational data.

    Features & Benefits

    The Teradata Insurance DIR model addresses business improvement opportunities across several key business processes. It captures 30 years of Teradata best practices in designing and implementing data models and planning warehouses for companies like yours to help you:

    Enterprise Risk Management:

    • Leverage the detailed data that exists across your company and from external sources.
    • Better manage everything from capital reserves to product pricing, underwriting, fraud and the profitability of your product portfolio.

    Financial Management:

    • Scrutinize profitability in sophisticated new ways.
    • Plan budgets, analyze mergers and acquisitions, and effectively project costs associated with regulatory compliance.

    Customer/Agent Management:

    • Understand your customers' lifetime value.
    • Create more cost-effective customer acquisition and retention programs through more precise customer segmentation and more targeted product development and marketing initiatives.
    • Align the interests of your company, customers and producers and gain unprecedented insight into the effectiveness and profitability of your distribution channels.

    Primary Components

    Major areas represented in the Teradata DIR model include:

    • Corporate Objectives and Strategy
    • Business Improvement Opportunities
    • Business Questions
    • Key Performance Indicators
    • Integrated Data Model
    • Specific Products and Services From Teradata That Support the Model

    Review Primary Components

    Related Business Needs

    Discover how these additional Teradata products can boost productivity and efficiency across your business:

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