Paragon’s rapid growth strategy is enabled by
‘s business intelligence solution

CLIENT:

INDUSTRY AND TYPE OF COMPANY:

INSURANCE, MGA

COMPANY SIZE:

$1B

NUMBER OF DATA SOURCES:

BUSINESS SYSTEMS / APPLICATIONS

10+ BUSINESS SYSTEMS

GOALS

Understand loss characteristics, rating details, impacts of rate changes for all programs.
Provide claims processors automated coverage verification access.
Supply Executives and Program Managers high-level book of business trends.

CHALLENGES

Paragon’s book has many lines of business, each with it’s own challenges.
Many carrier and claims partners, managing 80+ different data feeds.
Internal team is operating at capacity and needs to find ways to operate more efficiently.
Highly disparate set of data sources that were not integrated.

SOLUTIONS

Organized all data sources into a dimensionally modeled data warehouse to support reporting across many subject areas and enable automation of partner data feeds.
Implemented a common insurance data ingestion structure, enabling rapid consumption of an unlimited number of datasources while reducing the manual effort required.
Provided real-time access to 3rd party claims administrators for coverage verification, resulting in reduced manual effort and faster claims processing.
Created easy-to-use Executive and Program dashboards providing key performance indicators such as: written premium, loss ratios, and comparisons to goal.

RESULTS

Paragon continues to succeed with its rapid growth strategy.

At

, our clients typically see

10x ROI within 6 months.

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