Qlik Case Studies QlikView Provides One-Point Source for Reliance Life’s Daily Reporting Needs

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	QlikView Provides One-Point Source for Reliance Life’s Daily Reporting Needs Qlik

QlikView Provides One-Point Source for Reliance Life’s Daily Reporting Needs

Qlik

Technology Category	Analytics & Modeling - Real Time Analytics
Applicable Functions	Sales & Marketing
Use Cases	Predictive Maintenance
Services	Data Science Services
Challenge	Reliance Life Insurance was facing several challenges with their reporting process. The process was manual, with employees having to extract data from the Life Asia software and compile them in Excel. This was not only time-consuming but also led to issues with accuracy and consistency between reports. There were no linkages between the Excel sheets, which made comparative studies difficult and delayed decision-making. The company needed a solution that could provide customized solutions to their clients, both individual and corporate, and provide access to reporting tools that could analyze the data and drill down to the bleeding end or profitable sources. Read More
About Customer	Reliance Life Insurance Company Limited is a part of Reliance Capital Ltd. of the Reliance - Anil Dhirubhai Ambani Group. Reliance Capital is one of India’s leading private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital has interests in asset management and mutual funds, stock broking, life and general insurance, proprietary investments, private equity and other activities in financial services. Reliance Life Insurance is a key step forward for Reliance Capital Limited to offer need-based Life Insurance solutions to individuals and Corporate. Read More
Solution	Reliance Life Insurance implemented QlikView, a solution that was able to pull data from different data sources, thus eliminating the need for manual intervention and reducing the risk of manual error. QlikView allowed for better comparative studies of their Expenses vs. Revenue, which in turn improved the quality and delivery performance. Reports were easily created on the basis of their key KPIs like Premium, Policies, Sum assured, Ratios, Lapses, Withdrawals and Surrenders. The objective of the QlikView project was to build a reporting framework that provides a unified view of the organization to the end users by consolidating data residing in disparate source systems being used within the organization. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Real Time Analytics

Applicable Functions

Sales & Marketing

Use Cases

Predictive Maintenance

Services

Data Science Services

Challenge

Reliance Life Insurance was facing several challenges with their reporting process. The process was manual, with employees having to extract data from the Life Asia software and compile them in Excel. This was not only time-consuming but also led to issues with accuracy and consistency between reports. There were no linkages between the Excel sheets, which made comparative studies difficult and delayed decision-making. The company needed a solution that could provide customized solutions to their clients, both individual and corporate, and provide access to reporting tools that could analyze the data and drill down to the bleeding end or profitable sources.

About Customer

Reliance Life Insurance Company Limited is a part of Reliance Capital Ltd. of the Reliance - Anil Dhirubhai Ambani Group. Reliance Capital is one of India’s leading private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital has interests in asset management and mutual funds, stock broking, life and general insurance, proprietary investments, private equity and other activities in financial services. Reliance Life Insurance is a key step forward for Reliance Capital Limited to offer need-based Life Insurance solutions to individuals and Corporate.

Solution

Reliance Life Insurance implemented QlikView, a solution that was able to pull data from different data sources, thus eliminating the need for manual intervention and reducing the risk of manual error. QlikView allowed for better comparative studies of their Expenses vs. Revenue, which in turn improved the quality and delivery performance. Reports were easily created on the basis of their key KPIs like Premium, Policies, Sum assured, Ratios, Lapses, Withdrawals and Surrenders. The objective of the QlikView project was to build a reporting framework that provides a unified view of the organization to the end users by consolidating data residing in disparate source systems being used within the organization.

Impact #1	Slicing and dicing of data made possible
Impact #2	Better comparative study of Expenses vs. Revenue
Impact #3	Improved quality and delivery performance

Impact #1

Slicing and dicing of data made possible

Impact #2

Better comparative study of Expenses vs. Revenue

Impact #3

Improved quality and delivery performance

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Overview

QlikView Provides One-Point Source for Reliance Life’s Daily Reporting Needs

Operational Impact