IDP Improves Reporting Process
New process designed to allow P&C insurers to offload bureau, state reporting in less than 30 days.
Virtual Water Cooler, March 28, 2011
IDP, a reporting services industry company, has a new capability to have fully functional bureau and state reporting services in place in a matter of weeks, rather than months. IDP’s improvements are based on its adoption of an extract transform load process in lieu of a data analysis process.
IDP says small- to mid-sized P&C insurers and managing general agents now can offload the complex and time-consuming task of filing reports to virtually any major bureau or state reporting agency in less than 30 days.
P&C insurers currently struggling with the morass of detail accompanying filing and ever-changing filing regulation, this means shortened transition time from in-house report administration to IDP’s professional filing service, IDP adds.
