Founded in 1986, with a portfolio of more than a half-million clients, Lusitania Seguros is one of the largest insurers in Portugal. As part of the Montepio Geral banking group, it offers a diverse portfolio of insurance products, including policies for motor0-vehicle, health, accident, property, life, and maritime insurance. It has approximately 600 employees and more than 4,000 agents.
After carrying out a comparative study of five BI solutions from various manufacturers, including MicroStrategy, Lusitania chose Oracle Business Intelligence. The company had an established Oracle footprint. “It made perfect sense to trust Oracle for our BI initiative," said Alexandre Ramos, director of information technology and organization, Lusitania Seguros.
"We were already using Oracle Exadata and understood the value that it could deliver. Oracle Exalytics, with Oracle Business Intelligence Foundation Suite, would extend the value of our Oracle engineered systems platform and provide us with the power and performance to simplify and optimize our IT environment. Oracle's solution beat my expectations. I anticipated that we would have a faster system, but the biggest surprise was the enthusiastic acceptance by the users, which was excellent," Alexandre Ramos said.
The insurance company implemented Oracle Business Intelligence in approximately two months, including migrating data from its legacy system. Lusitania uses Oracle Business Intelligence to create reports, models, analyses, and forecasts, and Oracle Exalytics as a hardware-software platform for processing and storing data.