4. Trends in the Insurance Industry
IT Spending
Global IT spending by insurance companies will reach $140.2 billion by the
end of 2013, according to a report by Celent
Core Business
Insurers are streamlining and enhancing core administration processes with
new software solutions to create products that get to market faster.
Innovation
Usage of “Big Data" to help them estimate claims, assets, credit and market
data.
Regulatory
Challenges
The effects of global regulations, such as SOX, GLB and Solvency II are
driving Insurers to ramp up on Analytics.
Cost
Optimization
Cost constraints & Competitive pressures are driving more Insurers to
embrace Cloud technology.
7. Deeper Insights into Insuralytics
Sentiment Analysis
Big Data
:-)
Real-time
Insurance
Analytics
Social Media
Integration
Insurance Ratio
Reporting
Single Integrated
solution
SAP HANA
Cloud
PLATFORM
Propensity to
Churn
Business
Alerts
Solution in the Cloud
Integrate different insurance solutions
and place the application on cloud
Dramatically improved performance
for decision making from variety and
volumes of structured and unstructured
data
Create a logical data warehouse
to respond to changing business
environment
Fraud Data
Analysis
Competitor
Insight
Customer risk profile
analysis
Product
Recommendation
•
•
Usage of latest Analytic innovations like Predictive
Analytics, In Memory database, Cloud and Mobile
UI available on all Device Types
•
•
Integration with existing Insurance systems like
Insurance Analyzer and Insurance Suite
Incorporate Social media and Big data
8. Bringing Together Business And IT
Align In-Memory Computing with BI Vision And Strategy
• Consolidate data from different Systems, SAP and non-SAP
• Develop SHAF Models for consolidated Data
• Define and Realise KPIs to measure successful Strategy Adoption
Place the Solution in the Cloud leveraging HCP
• This solution will provide platform-as-a-service offering
• Access Insurance analytics anytime, anywhere from a broad range of mobile devices
• Developers will be able to extend standard Insurance SHAF Models in the cloud
Business Cockpit for Insurance
• Contains reports for widely used scenarios.
• New engaging and consistent experience for margin-decisive
roles, allowing them to stay on top of their business
• Reports are developed Using BOBJ tools, Lumira and Design
Studio
• Reduce TCO
Address CFO needs
• Analyze and Simulation capabilities
• Real-time Mobile Cloud Access
• Make better decisions faster anytime
anywhere
10. Introducing Lifestyle Analysis
A Big Data scenario
Target more. Increase Revenue
Adventure
Trips
Weekend
Parties
Occupation Mid-night
Drive
Check-In
at
Pubs/Discos
Real-time Customer Data
Real-time Validation
Age
Better Underwriting Decisions
Other
Huge social media
Insurance
relevant
data
data
Cost Optimization
Better Earnings
11. Bringing Telematics to Insuralytics
Install
telematics
device
Pay as-you-drive
SmootherUsage process
Claim
Accident
Vehicle
Road
time and
Selection
Speed
Data
distance
Analyze driving skills real-time
Customize policies
12. High Level Solution Architecture for INSURALYTICS
Lifestyle Analysis
Risk Analysis
CFO
Sentiment Analysis
What-If Analysis
SAP HANA Cloud Platform
Analysis &
Simulation
SAP HANA Cloud
Integration
Cloud
Social Media & Big Data
Legacy Systems
SAP Fraud Management
SAP HANA LIVE Insurance
SAP Insurance
Suite
SAP Insurance Analyzer
Insurance Data derived from different Systems
Mobile
Real-Time
14. INSURALYTICS - In line with SAP`s Vision
2015: € 2 Billion Cloud
Revenue
CFO using HCP
connecting to SAP
Insurance Analyzer &
SAP HANA Live for
Insurance
SAP HANA Cloud
Platform
Analytics & Mobility
in the Cloud; in realtime
CFO doing
Analytics
& Simulation
15. Fits in Tomorrow`s Entire SAP Insurance Platform
SAP Insurance Suite * &
SAP HANA Live for Insurance
SAP Insurance
Integration **
INSURALYTICS
SAP HANA Cloud Platform
Mobile, Portal, Network, Analytics, Apps
In-memory Infrastructure
•
* SAP HANA Enterprise Cloud available
•
** SAP HANA Cloud Integration for INSURALYTCS
•
Power of SAP Insurance Suite combined with the simplicity of the cloud
•
Simple choice for an entire Insurance Platform with fast time to value
•
Mission critical operations enhanced by cloud elasticity, mobility and analytics
16. Value Proposition
A Tailor made
solution for the
Insurance CFO
Smoother mobile
experience with
state-of-the-art
Cloud platform
Timely and
accurate Financial
decisions
Optimize cost by
having a single
integrated solution in
the Cloud
Make your presence
in the social media.
Understand
customers better
Gross Profit
Optimization
No solution in the
market provides a
similar value to the
Insurance CFO
Risk Coverage with
Compliance to
International Standards
Better
Forecasting &
Simulation
Better Cash Flow
Projections
Better Understanding of Market
Sentiments, Insurance line of
business and customer behavior
INSURALYTICS
Make Better Decisions. Stay Ahead
17. Product Roadmap
Enterprise
Insuralytics
Insuralytics SP2 for
Non-SAP customers
Insuralytics SP1 for
SAP customers
Insuralytics
Foundational Work
2013
Adaptation of new Insurance
CFO Process management
guidelines
2014
Mapping of key Insurance
CFO KPIs
Insurance Process
Landscape brought to the
next level
2015
HANA Cloud Platform
environment setup.
Integration framework for
Integration setup between
various SAP Insurance
systems and social media.
Build HANA Live models &
legacy systems and social
media.
2015+
Enterprise Insuralytics LIVE
globally with enhanced business
content, faster implementation and
a smoother experience.
compose Insurance reports. Continuous Improvement
Research work will continue to
Usage of Big Data – Lifestyle Continuous improvement
improve the services and
Analysis and telematics
process with clear
incorporate new features
feedback channels
implemented
