Lyzasoft, Inc. announced today that Baldwin Mutual Insurance Company, serving Alabama's property and casualty insurance needs since 1921, has purchased Lyza, the company's desktop data analysis solution, to integrate and analyze historical data for reinsurance modeling and rate analysis.
"As a small, regional insurance company, we operate under the constraints of a tight budget," said Kevin Russell, Vice President with Baldwin Mutual Insurance Company, who in his role is responsible for business intelligence (BI) for modeling policies, pricing, reinsurance, financials, and accounting. "Our BI initiatives seem relatively straightforward until you recognize not only where some of this historical data comes from, but also the sizes of the policy and claims data sources alone. The systems in place before Lyza required intensive development, custom scripting, and rework," Russell said.
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