Paul Martin

About Paul Martin

This author Paul Martin has created 13 entries.

Lloyds of London

5 Top InsurTech Prophecies for 2018

2018 is already well underway, and for the Insurance industry this could prove to be one of their most exciting years yet. How so? Because of the InsurTech revolution… Until recently, insurance has been a virtual island in a sea of technological change. While innovators began disrupting banking and wealth management during the FinTech boom, which preceded the financial crash in 2008 — not to mention also completely transforming the music, travel, taxis and booking industries — insurance was happy to

EiB Insights 003: Data Validation and Erroneous Data

EiB Insights 003: Data Validation and Erroneous Data

The last instalment in our EiB Insights series, explored how our EiB Insurance Analytics solution allows you to access your raw premiums and claims bordereau and automatically transform this into powerful MI, without the arduous task of manually handling your data. Our focus now turns to the pertinent topic of what happens when your raw data is in fact erroneous data. After all, if the base data is flawed, then regardless of how thorough

The Answer isn’t just BI Tools, nor is it just Excel, It’s Excel +

The answer isn’t just BI tools, nor is it just Excel, It’s Excel + …

It’s that reporting time of the year, which means you’re most probably looking down the barrel of at least a few tedious days going line by line through data sets, trying to get a semblance of a picture of health for the powers that be. Say hello to your trusty friend Excel, that all-pervasive tool of data crunching that we all know, love and sometimes hate! And because we’re all so familiar with Excel, we’re also wise to its issues –

EiB Insights 002 - How to transform raw Premiums and Claims bordereau into competitive Insurance Management Information

EiB Insights 002: How to Transform Raw Premiums and Claims Bordereau into Competitive Insurance MI

In a data and analytics survey conducted by the Economist Intelligence Unit, only 13% of insurers surveyed identified enterprise-wide data management and warehousing as a significant strength in their organisation, while 82% ranked data and analytics as a top strategic priority. So, while increasingly more insurance companies continue to invest in modernising their technology architecture, as a means of embracing the cultural shift to a digital age, most still find their efforts have fallen short

Silos must be bridged in order to reap the rewards from technology

Silos must be bridged in order to reap the rewards from technology

The vast majority of business leaders now know that to achieve truly sustainable growth, they need to double-down on digital transformation. But a recent report by Forrester, on behalf of Microsoft, shows that digital transformation is not enough on its own. “Enterprises that fail to build out a full digital transformation strategy miss out on the big picture,” the report states. “ Those pursuing a limited digital transformation strategy tend to focus on smaller, more tactical initiatives seeing

Is a self-service analytics application right for your business

Are self-service analytics applications right for your business? Here are 8 questions to ask yourself to find out.

Today, even with innovations in, BI software, financial reporting, management reporting and self-service analytics applications, monitoring every aspect of your business is still too complicated. It’s essential for you to use the right tools to track your business performance effectively, yet there are dozens of different software applications and approaches on the market, making choices confusing, complicated and all too often costly – especially as your user population grows. With the majority of businesses trying to manage and present data from

EiB Insights 001 - Calculating Written vs. Earned Premium

EiB Insights Series 1: Management Information (MI) in the Insurance Industry

EiB Insights is a series of bite-size videos curated by Excel in Business’ Managing Director, Paul Martin. As the InsurTech revolution continues to evolve, with exciting new technological advances disrupting and evolving the industry, for many organisations, embracing a digitally driven future is not a straight forward proposition. The first EiB Insights series seeks to explore the real World issues and challenges which businesses operating in the Insurance industry face, within an increasingly

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The importance of creating a scaleable road-map to BI success

It’s all well and good saying that you already have a ‘BI reporting solution’ in place for your business, but the truth of the matter is, that a reporting solution for advanced analytics alone quite simply cannot realise the true benefits of business intelligence for your organisation. The reality of the situation is, that in order to harness the full potential of BI, you first need to ensure your approach is more of a methodological process. Once this is established,