Company
News
SYBASE AND PINPOINT INTRODUCE
NEW WAY TO MEASURE
INSURANCE PROFITABLITY
Solution Used to Analyze Profitability of 20 Million Insurance Policies
Emeryville, CA , December 16, 1998 -- Sybase, Inc. (NASDAQ: SYBS) today announced
that Pinpoint Solutions, a leader in decision support solutions, has developed a new
approach to analyzing insurance policy profitability using the SybaseÒ data warehousing
platform. By leveraging Pinpoint's analytical solutions and Sybase's unique technologies
for interactive and flexible analysis, insurance companies can now quickly access
profitability analysis and perform "what if" analysis.
"By combining Pinpoint's Data Warehouse/Data Mart schemas, multi-dimensional
models and analytical publishing solutions with Sybase's optimized data stores and
PowerDimensionsÔ, our users can access the complex, date-dependent calculations required
to quantify and forecast profitability in the insurance industry," said Rick Baff,
president, Pinpoint Solutions. "The end result is that users throughout an
organization can access raw and calculated information at a detailed level enabling them
to make more informed business decisions. Summary level information is no longer
sufficient in today's challenging business environment."
N.E.W. Customer Service Companies Analyzes Data From 20 Million Policies
N.E.W. Customer Service Companies, Inc. (N.E.W.), a leader in customer service and
claims processing, uses the Pinpoint Solution to analyze the profitability of over 20
million insurance policies. "With all of our data stored in a central Sybase data
store, we can now capitalize on the ability to generate complex analysis using large
amounts of information," said Cliff White, senior vice president and chief financial
officer, N.E.W. Customer Service Companies, Inc. "Equally important is the
interactive environment that allows us to rapidly modify the models and the resulting
analysis so we can react in today's rapidly changing business environment."
High Performance, In-depth Analysis Capabilities
To ensure fast, reliable access to that information, Pinpoint relies on a combination
of Sybase's high performance transaction processing database, Adaptive ServerÒ
Enterprise, and Adaptive Server IQ, a decision support database optimized for
high-performance query processing. In addition, Sybase's PowerDimensions ROLAP server
enables Pinpoint's users to perform complex analysis.
"Sybase's business intelligence products are designed to put relevant and
actionable information in the hands of decision makers across the organization when they
need it, where they need it," said Eric Miles, general manager of the Business
Intelligence Division, Sybase. "We are working with domain-expert companies like
Pinpoint to help financial and insurance organizations become, and stay, more
competitive."
"The consolidation of the financial industry has increased pressure on
organizations to identify new opportunities to maximize profitability," said Paul
Theriault, insurance industry director, Sybase Worldwide Financial Services.
"Pinpoint leverages Sybase software as a foundation to build dynamic applications
that gather transaction data and allow users to perform sophisticated analysis, gaining
insights into customer behavior, product pricing and profitability."
About Pinpoint Solutions
Headquartered in Livingston, NJ, Pinpoint Solutions, LLC provides insurance and
financial services companies with insightful decision support solutions. Pinpoint provides
data migration, data warehouse/mart modeling, multi-dimensional modeling, reporting, and
interactive web publishing solutions as an integrated profitability analysis suite, or as
individual solution components. Pinpoint's professional services staff provides the full
solution development life-cycle services required to maximize the return on investment
from analytical solutions while minimizing the project risk. Pinpoint's web site address
is http://www.pinpnt.com.
About Sybase, Inc.
Headquartered in Emeryville, CA, Sybase, Inc. is one of the ten largest global
independent software companies. The company helps businesses manage and deliver
applications, content, and data anywhere they are needed. Sybase's products, combined with
its world-class professional services and partner technologies, provide a comprehensive
platform for delivering the integrated solutions that businesses need to be successful.
Leveraging its existing strengths in enterprise data management and enterprise application
development, Sybase, Inc. is focused on delivering end-to-end solutions for mobile and
embedded computing, data warehousing, and Web computing environments. Sybase customers
represent the industries leading the global economy, with strong concentrations in
financial services, public sector, telecommunications, health care and media and
entertainment. Sybase, Inc. was the official software supplier for the France98 World Cup
tournament. The company's Web address is http://www.sybase.com.
|
