Reinsurance is a mature, conservative enterprise. Declare databases are area of interest software program, and reporting techniques are sometimes custom-built SQL and even Entry databases. As a result of knowledge aggregation, cleaning, and reporting are so advanced, lots of our members are restricted of their skill to entry their claims knowledge.

Use Case

Lots of NLC Mutual’s members lack the staffing and experience to drag this knowledge collectively, so we proposed to offer each consumer a pay as you go Domo sublicense and present them use it for knowledge aggregation and reporting. Our personal board was skeptical at first, however the potential effectivity positive factors have been persuasive.

Working with one consumer at a time, we labored with IT employees to automate claims feeds for “set and neglect” effectivity and never create an ongoing burden. We extracted the claims knowledge utilizing Domo Workbench and SFTP Connector, then constructed Extract-Rework-Load (ETL) sequences to combination and clear it. At that time, we validated the info with administration employees: “Is that this what you count on to see?” After validation, we will shortly create playing cards that usually present perception into their knowledge that they had not seen, which empowers them to higher run their group.

Conclusion

States don’t compete in opposition to each other, so risk-pool directors are a tight-knit bunch. Phrase shortly unfold that this new Domo profit was out there from NLC Mutual, and now adoption is near 100%. And it’s no accident that our premiums—the best way we measure our enterprise—have doubled since we began sublicensing Domo and that they’re nonetheless on a development path.