at Financial Technnology Year
This content is provided by FinTechBenchmarker.com who are responsible for the content. Please contact them if you have any questions.
MicroStrategy for Insurance Analytics from MicroStrategy
Enterprise analytics platform with insurance-specific capabilities including risk modeling, claims analysis, and customer intelligence. Features HyperIntelligence technology for contextual insights, self-service data discovery, and embedded analytics that integrate with insurance workflows.
Product analysis by function
Predictive Analytics Platforms for Business Intelligence and Analytics
Advanced tools that use statistical models and machine learning to predict future outcomes like claim frequency, severity, customer retention, and fraud probability.
More Predictive Analytics Platforms
More Business Intelligence and Analytics ...
Data Integration
(11 Yes /11 Known /13 Possible features)
|
Multi-source Data Connectivity Ability to integrate and ingest data from various sources such as databases, cloud platforms, spreadsheets, and APIs. |
MicroStrategy supports integration with databases, cloud sources, spreadsheets, APIs; explicitly mentioned in product and solution documentation. | |
|
Real-time Data Sync Real-time synchronization of incoming data streams for up-to-date predictions. |
MicroStrategy enables real-time data sync via live connections and caching options. | |
|
Data Cleansing Tools Automated tools to clean, deduplicate, and normalize raw insurance data. |
Data preparation and cleansing are supported; platform documentation includes deduplication/normalization workflows. | |
|
Batch Processing Speed The rate at which batch data loads or ETL jobs are run. |
No information available | |
|
Automated Data Mapping Automatic mapping of data fields from source systems to platform schema. |
MicroStrategy includes automated data mapping for imported data and schema mapping. | |
|
Data Enrichment APIs Integration with third-party services to enrich internal data (e.g., credit scores, vehicle history). |
Supports data enrichment through integration with third-party services via APIs and connectors. | |
|
Historic Data Upload Limits Maximum volume of historic data that can be uploaded for modeling. |
No information available | |
|
Schema Change Detection Detection and alerting when upstream data schemas change. |
Automation detects schema changes with notification and management workflows. | |
|
Event-driven Updates Support for updating models or insights when new events/data arrive. |
Event-driven refresh available via triggers and workflow automation. | |
|
Data Lineage Tracking Traceability of data sources and transformations for audit and compliance. |
Data lineage tools allow tracking of sources and transformations for compliance. | |
|
Data Privacy Controls Built-in tools for masking or redacting sensitive PII (personally identifiable information). |
Sensitive data masking/redaction is natively supported. | |
|
Integration with Core Insurance Systems Connections with policy administration, claims, underwriting, and customer management systems. |
Integrates with policy admin, claims, underwriting/customer systems: referenced in insurance vertical documentation. | |
|
Partner Data Sharing Secure tools and permissions for controlled sharing of datasets with partners. |
Secure partner data sharing and role-based permissions offered. |
Model Building & Customization
(0 Yes /0 Known /13 Possible features)
|
Graphical Model Builder Drag-and-drop or visual tools for constructing predictive models without code. |
. | No information available |
|
Custom Algorithm Support Ability to author, import, and use custom algorithms in analytics pipelines. |
. | No information available |
|
Automated Feature Engineering Automatic creation and selection of predictive features from raw insurance data. |
. | No information available |
|
Hyperparameter Tuning Tool-assisted searching for optimal model parameters. |
. | No information available |
|
Model Versioning Automatic tracking and management of model versions and their metadata. |
. | No information available |
|
Pre-built Insurance Models Library of industry-specific models, e.g., for claim frequency, fraud detection, churn prediction. |
. | No information available |
|
No-Code/Low-Code Interface Options for business users to create models without programming knowledge. |
. | No information available |
|
Code-based Model Support Support for Python, R, or other programming languages for building custom models. |
. | No information available |
|
Multi-Model Comparison Tools to compare accuracy, speed, and performance of multiple models. |
. | No information available |
|
Model Explainability Tools Built-in features for interpreting and explaining predictions (e.g., SHAP, LIME). |
. | No information available |
|
AutoML Automated machine learning capabilities for speeding up model creation and evaluation. |
. | No information available |
|
Reusable Feature Store Centralized repository to store and reuse engineered features across analytics projects. |
. | No information available |
|
Model Export Formats Supported formats for exporting trained models (e.g., PMML, ONNX). |
. | No information available |
Prediction & Scoring
(7 Yes /7 Known /12 Possible features)
|
Batch Prediction Ability to execute predictions on large datasets at once. |
Can execute batch predictions and analytics across datasets. | |
|
Real-time API Scoring APIs for instant scoring of customer, claim, or policy records in live systems. |
APIs for real-time scoring included; supports web service integrations for live analytics. | |
|
Concurrent Scoring Capacity Maximum simultaneous scoring requests supported. |
No information available | |
|
Prediction Latency Average delay between input and receiving prediction. |
No information available | |
|
Confidence Interval Output Predictions include confidence intervals or probability scores. |
Confidence scores and probability outputs available in advanced analytics modules. | |
|
Score Logging & Auditing Comprehensive logging of each prediction for audit and traceability. |
Prediction/score logging and audit trails are part of enterprise governance features. | |
|
Bulk Import/Export Tools to handle input/output of large datasets in multiple formats (CSV, Parquet, etc.). |
Bulk import/export in CSV, XLSX, JSON, other formats are core platform functions. | |
|
Business Rule Interceptor Ability to trigger rules or workflows based on prediction outcomes. |
. | No information available |
|
Prediction Refresh Rate Frequency with which prediction outputs can be updated. |
. | No information available |
|
Automated Alerts Automatic notifications or alerts based on scores exceeding certain thresholds. |
. | No information available |
|
Anomaly Detection Integrated detection of unusual patterns in input or output data. |
Anomaly detection is available in advanced analytics, with insurance-specific scenarios. | |
|
Result Visualization Graphical displays of predictions at the record or portfolio level. |
Supports a wide array of graphical/visual outputs including record/portfolio-level views. |
Performance & Scalability
(1 Yes /1 Known /11 Possible features)
|
Horizontal Scalability Ability to add computing nodes to handle increased prediction volume. |
MicroStrategy's architecture enables horizontal scaling with distributed computing nodes. | |
|
Load Balancing System can distribute tasks evenly across computational resources. |
. | No information available |
|
Concurrent User Support Maximum number of users who can operate the system simultaneously. |
. | No information available |
|
Model Training Speed Average time required to train a new model on insurance datasets. |
. | No information available |
|
Uptime SLA Guaranteed minimum system uptime/service availability. |
. | No information available |
|
Automated Resource Scaling System automatically scales cloud or on-premise resources based on demand. |
. | No information available |
|
Parallel Processing Ability to execute multiple jobs or model trainings in parallel. |
. | No information available |
|
Throughput Capacity of the platform for end-to-end data process and prediction. |
. | No information available |
|
High Availability Built-in failover and redundancy for critical components. |
. | No information available |
|
Disaster Recovery Automated backup and restore procedures for platform state and data. |
. | No information available |
|
Elastic Storage Support for dynamic storage scaling as data grows. |
. | No information available |
Security & Compliance
(9 Yes /9 Known /11 Possible features)
|
User Access Control Role-based permissions for accessing platform features and data. |
Role-based access (RBAC) available for platform and analytic asset access control. | |
|
Audit Logs Comprehensive logging of all user and system actions for compliance. |
Comprehensive audit logging supported; system administration modules provide traceability. | |
|
Encryption at Rest Data is encrypted on disk and in database/storage. |
Encryption at rest is standard for enterprise deployments. | |
|
Encryption in Transit Data encrypted when being transferred between systems (e.g., SSL/TLS). |
Encryption in transit (SSL/TLS) provided for all network communication. | |
|
GDPR/CCPA Compliance Supports processes to meet personal data regulations (European, US, etc). |
Platform supports GDPR/CCPA requirements, as cited in legal/compliance documentation. | |
|
Regulatory Reporting Tools Automated tools or templates for industry regulatory reporting. |
Regulatory reporting templates and automation tools offered for insurance analytics. | |
|
Data Retention Policy Management Automatic enforcement of data archiving and deletion in line with regulations. |
Data retention policies configurable per regulatory requirements; auto-archiving included. | |
|
Multi-factor Authentication Support for two-factor or multi-factor authentication for user access. |
Multi-factor authentication included for secure access. | |
|
Single Sign-On (SSO) Integration with enterprise identity providers via SSO. |
SSO with SAML, Active Directory, and common identity providers. | |
|
Penetration Testing Regular third-party security assessments of the platform. |
. | No information available |
|
Role-based Data Access Granular control over which users can view or edit specific data sets. |
. | No information available |
User Experience & Collaboration
(9 Yes /9 Known /11 Possible features)
|
Custom Dashboards Users can configure and personalize analytical dashboards. |
Users can customize their dashboards with insurance KPIs, claims, risk, and performance views. | |
|
Report Scheduling Automatic generation and distribution of reports on a set schedule. |
. | No information available |
|
Annotation & Commenting Inline commenting and annotation tools for team collaboration. |
Annotation and commenting features are available in dashboards for collaboration. | |
|
Mobile Access Full functionality or at least key insights available on mobile devices. |
Mobile app and mobile-first web capabilities well established. | |
|
Multilingual Interface Support for multiple languages in the user interface. |
Multilingual capabilities extensive; UI/localization for global customers. | |
|
Guided Onboarding Step-by-step training or walkthroughs for new users. |
Onboarding/guidance accessible to new users through embedded walkthroughs and help. | |
|
Role-based Interface Customization UI adapts to user’s functions (e.g., actuary, underwriter, claims manager). |
Role-based interface customization supported: actuary/underwriter/claims roles available. | |
|
Document Sharing Direct sharing or export of dashboard, reports, and models. |
Document, dashboard, and report sharing available via platform and email/export. | |
|
Collaboration Workspace Centralized project or workspace for teams to manage analytics projects. |
. | No information available |
|
User Feedback Loop Mechanisms for users to suggest improvements, report bugs, or request features. |
User feedback mechanisms (in-product and support portal) available. | |
|
Accessibility Compliance Meets standards such as WCAG for users with disabilities. |
Accessibility standards (e.g., WCAG) addressed for users with disabilities. |
Visualization & Reporting
(11 Yes /11 Known /11 Possible features)
|
Custom Visualization Library Wide variety of graph, chart, and diagram types beyond basic bar and line types. |
Custom visualization library with extensive charting options. | |
|
Drill-down Capabilities View detailed information and trace factors behind each prediction or trend. |
Drill-down visual analytics provided as a core capability, especially for insurance trends. | |
|
Geospatial Mapping Visualization of data on geographic maps to track claim concentrations, risk zones, etc. |
Maps/geospatial analytics available for claims/risk zone visualization. | |
|
Temporal Analysis Tools Visualization of trends and predictions over time. |
Temporal analysis and time-series tools standard for portfolio analysis. | |
|
Export to PDF/Excel/PowerPoint Direct download or export of reports in common formats. |
Reports can be exported directly to PDF, Excel, and PowerPoint. | |
|
Interactive Dashboards Live updating and interactive filtering of visualizations. |
Interactive dashboards with filters and live updating are default. | |
|
Custom Report Templates Library or builder for creating company-branded report templates. |
Custom report templates (including branding) available. | |
|
KPI Tracking Monitor key insurance performance indicators alongside predictive model outputs. |
KPI tracking included for insurance-specific and general business metrics. | |
|
Scheduled Email Distribution Automated periodic sending of insights and reports to stakeholders. |
Automated/scheduled emailing and report distribution supported. | |
|
What-if Scenario Analysis Test the outcome of hypothetical situations through simulation. |
What-if and scenario simulation/analysis tools built-in for insurance workflows. | |
|
Embedded Analytics Ability to embed visualizations in external portals or applications. |
Embedded analytics—charts/reports—can be integrated in email, web, or portals. |
Deployment & Integration Options
(10 Yes /10 Known /11 Possible features)
|
Cloud Deployment SaaS or managed cloud hosting for rapid rollout and scalability. |
SaaS and managed cloud deployment available. | |
|
On-premise Deployment Support for installation within insurer’s own infrastructure. |
On-premise deployment supported for compliance-sensitive insurers. | |
|
Hybrid Deployment Ability to split workloads and data between cloud and on-premise environments. |
Hybrid deployment (cloud/on-prem) is supported on select enterprise contracts. | |
|
Open RESTful APIs Public APIs to facilitate integration with legacy and new insurance systems. |
Comprehensive RESTful APIs for integration with legacy and new insurance systems. | |
|
Webhooks Support Real-time notification and workflow triggers for external systems. |
Supports webhooks for pushing data/event notifications. | |
|
SDKs for Developers Software development kits in common languages for custom integration. |
SDKs in Java, Python, and other languages provided for integration. | |
|
Data Export Formats Number of file formats supported for export. |
. | No information available |
|
Third-Party Service Integration Certified connectors for CRMs, ERPs, DWHs, or vertical insurance platforms. |
Pre-built connectors and integration with third-party CRMs, ERPs, insurance core platforms. | |
|
Containerization Support Ability to deploy solutions using Docker, Kubernetes, or similar technologies. |
Docker and Kubernetes deployment supported. | |
|
Zero Downtime Deployments Update the platform without user disruption. |
Zero downtime deployments possible in high-availability architectures. | |
|
Custom Integration Services Professional services or tools for bespoke system integrations. |
Custom integration services available via MicroStrategy and partners. |
Monitoring & Model Management
(1 Yes /1 Known /11 Possible features)
|
Model Performance Dashboards Real-time status and KPI views for all deployed models. |
Model performance tracking dashboard and KPI views supported. | |
|
Drift Detection Automated detection when model input or output distributions change significantly. |
No information available | |
|
Scheduled Model Retraining Automatic retraining of models on updated data. |
No information available | |
|
Model Health Alerts Notifications when models underperform or exhibit anomalies. |
No information available | |
|
A/B Testing Framework Can run multiple models in parallel to determine best outcomes. |
No information available | |
|
Shadow Deployment Deploy test models alongside production for comparison without affecting outcomes. |
No information available | |
|
Manual Model Override Ability for responsible users to override automated predictions if required. |
No information available | |
|
Model Comparison Reports Automatically generated reports comparing model results and accuracy. |
No information available | |
|
Automated Model Archival Old or superseded models can be archived and restored if needed. |
No information available | |
|
Custom Logging Levels Configurable granularity of operational and error logs for models. |
No information available | |
|
Explainability Monitoring Ongoing measurement of explainability scores for deployed models. |
No information available |
Insurance-Specific Functionality
(11 Yes /11 Known /11 Possible features)
|
Claims Frequency Modeling Templates or wizards for predicting claim counts per time period or policy cohort. |
Insurance analytics solution offers claims frequency analytics as templates and wizards. | |
|
Loss Severity Modeling Support for modeling and predicting potential cost per claim. |
Loss severity modeling available in insurance risk models. | |
|
Customer Lifetime Value Prediction Tools to estimate future profitability of policyholders. |
Customer lifetime value analytics a standard insurance use case. | |
|
Fraud Detection Modules Pre-built modules or scripts for identifying potentially fraudulent claims. |
Insurance analytics package includes fraud detection modules for claims. | |
|
Churn/Renewal Prediction Predicting which policyholders are likely to lapse or renew contracts. |
Churn/renewal prediction available as part of customer analytics. | |
|
Risk Pool Segmentation Algorithmic grouping of policies/customers with similar risk characteristics. |
Risk pool segmentation functions included in insurance-specific dashboards. | |
|
Catastrophe Modeling Scenario modeling for weather, disaster, or other catastrophic event impacts. |
Catastrophe/peril scenario modeling available for insurance portfolios. | |
|
Quotation Optimization Predictive pricing to optimize quote conversion while managing risk. |
Quotation optimization (predictive pricing) is a referenced use case. | |
|
Regulatory Compliance KPIs Dashboards or reports targeting regional insurance regulatory requirements. |
Regulatory dashboards and compliance KPIs for insurance are standard. | |
|
Reinsurance Analytics Integration Built-in support for actuarial or portfolio-level analytics for reinsurers. |
Reinsurance analytics supported via portfolio and actuarial modeling modules. | |
|
Underwriting Decision Support Predictive analytics specifically designed for supporting underwriters. |
Underwriting decision support (predictive analytics, rules) provided. |
Support, Documentation, and Training
(10 Yes /10 Known /10 Possible features)
|
Comprehensive User Documentation Access to manuals, guides, and API docs. |
Rich online documentation, manuals, and API docs. | |
|
In-Platform Help Contextual help, tutorials, and support widgets within the UI. |
In-platform help, contextual tutorials, and support widgets accessible in the UI. | |
|
Online Knowledge Base Searchable library of FAQs, troubleshooting tips, and community discussions. |
Online knowledge base with FAQs, troubleshooting, and community resources available. | |
|
24/7 Support Availability Around-the-clock access to technical and business support. |
24/7 support offered on enterprise plans. | |
|
Dedicated Account Manager Named advisor for onboarding and ongoing account support. |
Dedicated account management provided for larger customers. | |
|
Custom Training Programs Role-based or use-case-based remote or on-site training. |
Custom and role-based training programs available remotely or on-site. | |
|
Professional Services Consulting, configuration, and hands-on setup services. |
Professional consulting and onboarding services offered. | |
|
User Community Portal Online forums for networking, sharing experiences, and best practices. |
Active user community forums and best practice sharing. | |
|
Release Notes & Change Logs Detailed updates on platform enhancements and bug fixes. |
Release notes/changelogs are published and maintained. | |
|
Sandbox Environment Safe, isolated environment for new user experimentation. |
Sandbox/test environments are available for experimentation and user training. |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.