PFC Insight, is a cutting-edge data analytics platform and dashboard designed specifically for insurance premium finance companies. This solution empowers these firms to easily monitor and analyze their loans, agency partners, and sales channels as well as their overall performance in relation to their budgetary targets.

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The Problem

Premium Finance companies (PFC) face challenges in acquiring intelligence to improve their business. Their management systems typically provide basic production reports without significant analysis of the business details, or the ability to provide data intelligence in an easily consumable format. In addition, there are no commercial analytics tools and reporting that tie the original policies and quotes to the premium finance loans. This is especially important for PFC’s owned by agencies, carriers, or MGAs.

Larger finance companies typically have their own data engineering staff for reporting and data aggregation to provide better dashboards and intelligence to management and partners. However, this process can be time-consuming and costly.  Moreover, there can be a disconnect between the executive management team and the IT group creating reports, leading to reports and dashboards that are not easily consumable by management to help them make informed decisions.

2iG Solutions has developed PFC Insight, a commercial product that combines our extensive experience with PFCs and expertise in technology solutions for the insurance industry. PFC Insight bridges the gap between cutting-edge data analytics and the advanced needs of premium finance companies. With AI Insight functionality, users can interact with their data using plain English to generate custom reports, which can be easily exported to Excel.