NCR AND PINPOINT BRING ENHANCED DATA WAREHOUSE SOLUTION TO INSURANCE COMPANIES
NCR Corporation and Pinpoint Solutions have announced the formation of a strategic partnership to provide insurance companies with a data warehouse solution for actuarial and profitability analysis. By combining Pinpoint's ProfitCube multi-dimensional business analysis solution with NCR's industry-leading Teradata database, insurers will be better able to determine the profitability of their customers and policies.
"ProfitCube's strength is the multi-dimensional analysis which is critical to insurers in making informed pricing and business decisions," said Rick Baff, president, Pinpoint Solutions. "By combining this strength with Teradata's ability to perform while handling very large data volumes, the combined solution provides substantial value. This is critical for actuaries, underwriters and business analysts who need access to very detailed information in order to determine where they are specifically making and losing money."
"NCR is committed to bringing solutions to our customers that will give them a competitive edge in the marketplace," said Randy Lea, NCR vice president, Americas sales data warehouse channel. "By partnering with insurance industry leader Pinpoint, we bring a complete, high-value solution to new and existing Teradata customers."
High Performance Meets Detailed Analysis
The joint solution combines Pinpoint's insurance expertise and ProfitCube solution, NCR's powerful Teradata database, and optimized third-party products to create a fully-integrated decision support solution for actuarial and profitability analysis.
The offering leverages the performance of a Teradata Warehouse to provide the foundation for analyzing volumes of business data.
"Many of our insurance customers have benefited from the value of detailed data, the true view of the business, versus a summarized data view that can lead to disastrous business conclusions," NCR's Lea added. "With the ProfitCube Solution we're able to leverage detailed transaction data to provide superior actuarial and profitability analysis."
Insurers can count on Teradata's reliability, scalability and low administrative requirements as the backbone of their business-critical actuarial solution -- one that can grow with the amount of detail data.
The solution also takes advantage of ProfitCube's data mart schema and multi-dimensional model, which includes up to 25 different dimensions for "slicing and dicing" complex insurance-related actuarial calculations. With this analysis, insurers can calculate market penetration, loss ratios, operational efficiency, and customer churn, as well as generate emergence triangles and complex date-dependent measures.
About Pinpoint Solutions
Headquartered in Livingston, NJ, Pinpoint Solutions, LLC provides insurance and financial services companies with decision support solutions. Pinpoint provides data migration, data warehouse/mart modeling, multi-dimensional modeling, reporting, and interactive web publishing solutions as an integrated profitability analysis suite. Pinpoint's industry experience and technical expertise combine to maximize the return on investment from analytical solutions while minimizing the project risk. Pinpoint's web site address is http://www.pinpnt.com.
About NCR Corporation
NCR Corporation is in the business of transforming transactions into relationships. NCR is a recognized world leader in data warehousing solutions, ATMs, point-of-sale, high performance scanners, and support services for retail, financial and national accounts markets. NCR's business solutions are built on the foundation of the company's long-established industry knowledge and consulting expertise, value-adding software, global customer support services, a complete line of consumable and media products, and world-leading hardware technology. More information about NCR and its products may be found on the World Wide Web at http://www.ncr.com.