NEW YORK–(BUSINESS WIRE)–February 15, 2022–
Sisensthe leading AI-powered platform for delivering analytics everywhere, today announced that Mutual of Hastings tapped into the power of Sisense to transform into a data-driven organization. Since the deployment of Sisense fusion platformHastings Mutual saw a 2% increase in revenue and uncovered over $50 million in potential upsell opportunities.
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source: Hastings Mutual, weather exposure interactive map
A leader in providing top-quality insurance in its field since 1885, award-winning Hastings Mutual offers business, personal and farm insurance on a regional basis in the Midwest.
Read the case study:Insurance Leader Gains Revenue and Competitive Advantage with Analytics
“Sisense not only offered the next generation of analytics, but also the strong data modeling capabilities our team needed to take the business to the next level, combined with an intuitive, easy-to-use tool that democratizes data by putting analytics back in the hands of users,” said Randy Sykes, Mutual of Hastings IT Director of Data Services. “Sisense is an integral part of our entire data strategy, where we not only look at where data comes from, but also look at how to get data into the hands of decision makers.”
Hastings Mutual wanted to democratize data to support effective business decisions and processes. Prior to engaging Sisense, the team used static mainframe reports based on data that was 30-45 days old. The team needed a solution that would increase the speed of accessing information, accelerate their time to market, and organize and present data in a way that would make it easier for end users to understand data sources. and the required relationships, which would allow them to create their own dashboard. visualizations.
Hastings Mutual saw immediate results with its first use case of Sisense in commercial underwriting, with a 2% increase in revenue. Through the agency platform, they were also able to identify upsell opportunities worth over $50 million for their partner agencies.
Hastings Mutual has also integrated Sisense analytics into its agency portal, to create visualizations of an independent insurance agency’s business volume, including where premiums, losses and plans stand. This provides Hastings Mutual business partners with a complete financial picture of their ongoing business with Hastings Mutual. Information about upcoming renewals and potential upsell opportunities helps agency partners drive retention and growth.
The company was also able to use geospatial information such as weather with NOAA data, saving more than $150,000 in costs per year.
“Hastings Mutual understands that business users want insights that will help them make smarter decisions, consistent with Sisense’s mission to infuse analytics everywhere,” said Scott Castle, SVP Product at Sisense. “We believe in providing data to users where they want it and when they want it, so they can leverage that information and make the best business decisions needed.”
About Hastings Mutual
Hastings Mutual Insurance Company is an AM Best: A (Excellent) award-winning regional insurance company. Hastings Mutual operates in the six Midwestern states of Michigan, Illinois, Indiana, Iowa, Ohio and Wisconsin. The company, based in Hastings, Michigan, was founded in 1885. Hastings Mutual underwrites commercial, agricultural and personal insurance through a network of independent insurance agents. For more information about Hastings Mutual, visit the company’s website at www.hastingsmutual.com or find them on Facebook and Twitter.
Sisense goes beyond traditional business intelligence by giving organizations the ability to inject analytics anywhere, embedded into customer and employee applications and workflows. Sisense customers break through the barriers to analytics adoption by going beyond the dashboard with Sisense Fusion – the highly customizable, AI-powered analytics cloud platform that infuses intelligence in the right place and at the right time, every time. More than 2,000 global companies rely on Sisense to innovate, disrupt markets and drive meaningful change in the world. Ranked #1 business intelligence company for customer success, Sisense has also been named one of the top 100 cloud companies in the world by Forbes six years in a row. Visit us at www.sisense.com and join us on LinkedIn, Twitterand Facebook.
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CONTACT: Melissa Sheridan
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: TECHNOLOGY PROFESSIONAL SERVICES INSURANCE DATA MANAGEMENT
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PUBLISHED: 02/15/2022 09:00/DISC: 02/15/2022 09:02