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TheStreet Open House

Leading Russian Insurer Selects QlikView As Its Business Intelligence Standard

Stocks in this article: QLIK

QlikTech (NASDAQ: QLIK), a leader in Business Discovery – user-driven Business Intelligence (BI), today announced that AlfaStrakhovanie Group, one of the largest insurance companies in Russia, has expanded its use of the QlikView Business Discovery platform and will standardize on the platform for all BI users worldwide. Having the capability to analyze data in real-time is crucial to AlfaStrakhovanie Group’s successful development and widening the competition gap in the insurance market. In order to boost the efficiency of its analytical processes and provide insurance agents with a self-service BI solution, AlfaStrakhovanie Group has enlisted ATK Consulting Group, an Elite Partner of QlikTech, for the implementation of more than 1,000 QlikView licenses.

The AlfaStrakhovanie Group has been using ATK QlikView for Insurance since 2009. The decision to implement an innovative BI system was motivated by the need to decrease the time and resource allocated to the collection and creation of analytical data and to support the company’s dynamic growth by providing individual divisions with real-time information. Initially, the main users of QlikView were in the operational department; however, as the functional capabilities were extending and the confidence in the information provided by QlikView was growing, it started to be used by new employees, including heads of branches and regional centers. Today AlfaStrakhovanie Group’s QlikView user base spans the entire organization. From the actuarial department, who were involved in the project design; to the operations department, who had provided the business units with reports before QlikView was implemented; to the sales and underwriting departments.

“When we began using QlikView we realized that its capabilities not only fulfill the basic functions to build reports, but also provide the flexibility to perform a wide range of new tasks – and by the users themselves,” said Andrey Pedorenko, CIO at AlfaStrakhovanie Group. “Now the scope of our QlikView deployment has expanded to a number of areas from the insurance business and the financial unit to the control of data quality. This year we have decided to significantly increase the number of QlikView users and offer it to our sales representatives to analyze and evaluate their own work.”

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