Allfinanz, a provider of automated underwriting softwaresolutions to the life insurance industry, has announced the launchof its new product, Allfinanz Business Analytics, a businessintelligence product that builds out the company's product suite toprovide users with insight into the processing of new lifeinsurance applications.

"The additional value a life insurer can realize throughadopting the Allfinanz Business Analytics platform is enormous,"says Paul Donnelly, director of product management and marketing atAllfinanz. "Our clients have huge amounts of valuable butincredibly detailed data--on the applicant, on the process, on thechannel, and on the decisions that were applied. Allfinanz BusinessAnalytics [allows users to] sort through the mountain of data tofind the nuggets of information that really impact thebusiness."

The product includes a library of predesigned reports forvarious stakeholders in life insurance companies, enabling them toanalyze and fine-tune underwriting rules, operational processes,and distribution effectiveness. Reports either can be generateddirectly by end-users and business people on demand, withoutrecourse to IT support, or be produced according to predeterminedschedules. Once generated, reports can be interactively navigated,allowing relationships between data points to be pinpointed andinvestigated immediately.