Financial services companies face intense competition, with tremendous pressure on margins and a critical need to retain profitable customers.  Consolidation is rampant, creating an information nightmare with critical details and data lost in multiple 'silo' systems.  These issues, combined with ever tighter and more detailed compliance regulations such as Sarbanes Oxley, Basel, KYC, MiFID and others, make the need for intelligent business analysis "mission-critical." 

To overcome these challenges and to thrive in today's dynamic market, organizations need to add new, value-added products and services, increase customer loyalty, and lower their cost structure.

Icon Resources has expertise in the following Industry verticals

• Claims management
• Underwriting models
• Assurance portfolios
• Per/Commission lines
• Broker plots
• Healthcare records

A leading Insurance Company enhances its revenue tracking mechanism for various products using our BI applications

Company Overview

Our customer is one of the world's leading insurance groups and is a FTSE 100 company, listed on the London Stock Exchange. They write business in 130 countries, providing general insurance products to over 20 million customers worldwide.

They have a portfolio of businesses with strong market positions that deliver sustainable returns and protect people against the risks they face in their daily lives, both personal and commercial. Their global network provides property, casualty, motor and household insurance to over 20 million people worldwide.

Business Need

To identify and track revenue across multiple segments, countries and practice groups. Provide accurate and current information automatically and analyze individual client revenue, customer wise analysis of claims and premiums.

Solution Proposed and Implemented

We implemented QlikView solutions for financial analysis which helped the customer in creating clearer accountability through standard segmentation across the region, identifying and analyzing

the most important clients to improve revenue, gaining instant access to information in multiple dimensions and performing "Octave and decile analysis" to make better strategic decisions.

The largest bank in India invests in high end enterprise storage solution to accelerate file sharing across the platform

Company Overview

Our customer is the largest bank in India . If one measures by the number of branch offices and employees, it is the largest bank in the world. Established in 1806 , it is the oldest commercial bank in the Indian Subcontinent . The Bank provides various domestic, international and NRI products and services, through its vast network in India and overseas. With an asset base of $126 billion and its reach, it is a regional banking behemoth.

Business need

The customer wanted to provide data consolidation across the platform with increased performance.

Solution Proposed and Implemented

Icon Resources provided NAS storage with high performance, with increased IO which supports multiple Operating Systems, through which file sharing become easier across the platform with increased data security along with user access restriction.