The Doctors Company Selects Analytic Applications From Business Objects to Monitor Operational Performance Metrics
San Jose, Calif. - November 12, 2002 -- Business Objects (NASDAQ: BOBJ), the world's leading provider of business intelligence (BI) solutions, today announced that The Doctors Company (TDC), the first national physician-owned medical malpractice insurer, has selected Business Objects as its enterprise BI standard. The Doctors Company, which has more than 20,000 policy holders in the US, will use analytics from Business Objects to perform risk analysis and track key performance metrics.
With the purchase of BusinessObjects™ Application Foundation, an analytic application framework from Business Objects, The Doctors Company will build a custom application to detect trends among policyholders, and act immediately on the information to make consistent, high-quality decisions regarding malpractice coverage for member physicians. In addition, The Doctors Company will use analytics from Business Objects to do risk analysis, monitor changes based on geography or with competitors, and examine operational performance metrics. Using time series analysis, The Doctors Company will also analyze the historical significance of the claims it currently has on file, and track metrics over time in order to understand changing value.
"We selected Business Objects because of its well-known capability in information modeling and reporting," said Richard Diamond, senior vice president and chief information officer at The Doctors Company. "At The Doctors Company, our reputation for excellence is founded on our commitment to superior policyholder service. We are a market leader because we have the flexibility, technology, and entrepreneurial spirit that today's market demands for continued success. The new analytic capabilities from Business Objects will play a key role in helping us maintain our competitive edge and learn more about our business dynamics and how to better serve our policyholders."
"The Doctors Company shows a clear and powerful vision for using analytic applications to build a one-to-one relationship with its policy holders," said Dave Kellogg, senior group vice president, worldwide marketing at Business Objects. "The Doctors Company recognizes the importance of leveraging analytic applications to drive operational efficiency and customer satisfaction. Analytics from Business Objects enables the Doctors Company to sharpen its competitive edge in a marketplace that leaves little room for error."
About The Doctors Company
TDC is the first national physician-owned and -operated professional medical liability insurer. Founded by doctors for doctors in 1976, TDC has consistently earned excellent ratings by insurance industry analysts and critics for its solid financial strength, security, and performance. The company provides medical malpractice insurance protection for physicians in all medical specialties in all states.
About Business Objects
Business Objects is the world's leading business intelligence (BI) software company. With more than 35,000 customers worldwide, including over 80 percent of the Fortune 500, Business Objects helps organizations gain better insight into their business, improve decision making, and optimize enterprise performance. The company's business intelligence platform, BusinessObjects™ XI, offers the BI industry's most complete and trusted platform for performance management, planning, reporting, query and analysis, and data integration. BusinessObjects XI includes Crystal Reports®, the industry standard for enterprise reporting. Business Objects has built the industry's strongest and most diverse partner community, and also offers consulting and education services to help customers effectively deploy their business intelligence projects.
Business Objects has dual headquarters in San Jose, Calif., and Paris, France. The company's stock is traded on both the Nasdaq (BOBJ) and Euronext Paris (ISIN: FR0004026250 - BOB) stock exchanges. More information about Business Objects can be found at www.businessobjects.com.
