Revolutionizing Insurance with Innovative Data Warehouse and Analytics Solutions for an American Insurance and Investment Products and Services Company

February 5, 2025

Business Problem

The client, a leading high net worth insurance provider, faced significant challenges in their data management and reporting processes. Their existing data warehouse needed development and enhancement to handle the growing volume and complexity of data.

Additionally, the lack of a robust Power BI infrastructure hindered their ability to perform advanced data analytics and generate insightful reports. The client also required the design and development of Management Information System (MIS) reports to ensure accurate and efficient information delivery to end-users.

Business Analysis

PureSoftware conducted a thorough analysis of the client’s requirements to understand the specific needs and challenges they were facing. The analysis highlighted the need for a comprehensive upgrade and enhancement of the data warehouse to improve data handling capabilities. It also revealed the necessity for establishing a robust Power BI infrastructure to facilitate advanced analytics and reporting.

Furthermore, the design and development of MIS reports were essential to ensure accurate information delivery to stakeholders. The client required solutions for pipeline services enhancement in compliance with IFRS17 standards, effective data management tools for ETL processes, and user training to maximize the effectiveness of Power BI and MIS solutions.

Our Implementation

PureSoftware deployed a team of experienced Data Warehouse, Power BI, and SQL developers to deliver a comprehensive solution. The implementation included enhanced pipeline services for IFRS17 by improving pipeline services and developing a new system interface for the Data Warehouse to ensure compliance with IFRS17 standards. A complete transformation and implementation of the data warehouse were conducted, ensuring a scalable and efficient data management system.

PureSoftware established a robust Power BI infrastructure, developing the architecture design and setting up the gateway server, workspaces, and other essential components. Collaborating with Business Analysts and Technical Leads, PureSoftware developed and enhanced Power BI reports and dashboards, while also training users on Power BI. Additionally, they developed MIS database and data presentation solutions to deliver information to end-users accurately and efficiently.

The team performed ETL processes using data management tools and analyzed, understood, and documented user needs to ensure accurate fulfillment of data requirements from internal business customers. They also created data models, data dictionaries, and report glossaries for efficient data management and facilitated internal testing and user acceptance testing.

The Impact Delivered

Data warehouse cloud transformation.

Enhanced pipeline service and new system interface to improve data warehouse.

Improved power BI reports and dashboards.

Improved MIS report accuracy.

Data expertise and data model development within the warehouse for the client.

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