Welcome!

News Feed Item

Leading Russian Insurer Selects QlikView as Its Business Intelligence Standard

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.”

A key use of QlikView is in the underwriting department for motor insurance and the analysis of sales figures. AlfaStrakhovanie Group offers dozens of motor insurance products. One of the top reasons that QlikView was implemented is because of the big need that the motor insurance underwriters had for analysis. Previously this was done in Microsoft Excel and Access, which incurred significant labor costs and did not provide a full view of the information landscape. QlikView, within seconds, provides information on loss ratios with dozens of variables such as the car’s make, model, age, the driver’s age and driving experience and the type of insurance product. The department receives the information required for making decisions related to tariff rates and insurance conditions, in real-time.

“From the very beginning of this project, AlfaStrakhovanie Group’s approach to the development of BI in the company has been very strategic,” commented Andrey Krasnopolsky, General Manager, Consulting Group ATK. “The stage of extending the analytical functionality in the company has lasted almost for three years, and today they have launched a dynamic expansion of analytics that will give them a new impetus to the expansion on the insurance market.”

“AlfaStrakhovanie Group is one of many recent customers that prove the value of QlikView as an enterprise solution. This is especially impactful from a company like AlfaStrakhovanie, which serves millions of customers and hundreds of thousands companies,” said Alexey Artemenko, Regional Director at QlikTech in Russia and the Commonwealth of Independent States (CIS). “As more organizations throughout Russia become increasingly competitive in the global marketplace, they will want to follow in AlfaStrakhovanie Group’s footsteps and move beyond basic reporting to self-service Business Discovery. We look forward to expanding the reach of QlikView in the region.”

About QlikTech

QlikTech (NASDAQ: QLIK) is a leader in Business Discovery—user-driven Business Intelligence (BI). Its QlikView Business Discovery solution bridges the gap between traditional BI solutions and inadequate spreadsheet applications. The in-memory associative search technology QlikTech pioneered created the self-service BI category, allowing users to explore information freely rather than being confined to a predefined path of questions. Appropriate from SMB to the largest global enterprise, QlikView’s self-service analysis can be deployed with data governance in days or weeks. The QlikView Business Discovery platform’s app-driven model works with existing BI solutions, offering an immersive mobile and social, collaborative experience. Headquartered in Radnor, Pennsylvania, QlikTech has offices around the world serving approximately 26,000 customers in over 100 countries.

QlikTech and QlikView are trademarks or registered trademarks of QlikTech or its subsidiaries in the U.S. and other countries. Other company names, product names and company logos mentioned herein are the trademarks, or registered trademarks of their respective owners.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Jared Parker, Director of Financial Services at Kinetica, will discuss how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich inf...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, represent...
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle.