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Expert Opinion 02 - The Cost of Innovation in Finance & Accounting - People or Technology?

Sep05

Expert Opinion 02: The Cost of Innovation in Finance and Accounting: People or Technology?

Andy Bottrill, Regional VP at leading financial close solution ‘BlackLine’, discusses the collective role which people and technology have to play, in the ever-changing finance function of the future. Finance and accounting is an industry of traditional standards; calculators, spreadsheets and manual input are all part of peoples’ daily routines. However, whilst these tools have supported many people throughout their accounting careers, a lot of processes are no longer fit for the digital age, and businesses must innovate to remain competitive. The biggest struggle

Paul Martin

Aug31

Expert Opinion 01: Why is Data Management So Crucial To Achieving The ‘Bi-modal’ Vision?

In the first instalment of our Expert Opinion series, data and analytics expert Rudraksh Bhawalkar explains the fundamental benefits of managing your data effectively, in order to achieve a bi-modal framework for your business. ‘Water, water, everywhere, but not a drop to drink’. These, the modernised words of Samuel Taylor Coleridge in his poem The Rime of the Ancient Mariner, were penned in the late 1700s. Over two centuries later, we’re facing a similar problem. Like sailors looking out over a

Paul Martin

Ensure you're PCI compliant with EiB Analytics 2018

Jul02

PCI Compliance: Has your business migrated to TLS 1.1 or above?

On June 30th 2018 all businesses were supposed to have migrated to TLS 1.1 encryption or higher, otherwise they are at risk of relinquishing their ability to process credit card payments. Sounds daunting I know. Saying that, I have just realised it is very presumptive of me to expect everyone to know what PCI stands for, let alone what the implications of non-compliance will be for your business now that the June 30th deadline has passed, so I should probably take a

Paul Martin

Jun14

Leveraging the full potential of analytics: The case for an Analytics Centre of Excellence

Analytics are fast becoming the life-blood of organisations. Most notably within enterprises who have already embraced the digitalisation of their industries, recognising that data is now the new oil, and knowledge is now the new international currency. In fact, you’d be hard pushed nowadays to find a business operating in the black, who do not appreciate or understand the full value of analytics, and recognise the direct impact they can have on both empowering better decision-making and

Paul Martin

The landscape of insurance MI in the insurance industry

May31

Understanding the Landscape of MI in the Insurance Industry: An Infographic

BIBA always presents the perfect opportunity to engage with the full spectrum of stakeholders from across the insurance industry, and find out exactly what is happening in the MI space. This year we conducted a survey of over 100 incumbents from brokers, underwriters, MGAs, InsurTech, insurers and reinsurers, and delved a little deeper into the MI behaviour of the sector to find out how the industry is adapting to such a significant digital transformation, as we enter

Paul Martin

May21

BIBA 2018: A Review

This year’s ‘Innovate, Evolve, Thrive’ theme at BIBA 2018, was definitely one of the most inspiring yet. With a heavy focus on advances in technology and data, and the implications for the insurance industry, here are some of my key highlights from our two days in Manchester… One of the most pertinent speeches of the 2018 BIBA conference was delivered by Chief Executive of the FCA, Andrew Bailey, who emphasised that Big Data was one of the FCA’s priority themes. Acknowledging the importance

Paul Martin

The Finance Function of the Future - Focus on Hotels

Mar29

The Finance Function of the Future: Focus on Hotel MI

The impact of technology on the hotels industry might not be obvious to the outsider – excepting, of course, the advent of online booking and internet aggregators – but to those working in the industry, the complicated nature of the business is crying out for an overhaul. Hospitality has traditionally been seen as one of the slower industries to embrace digital transformation. The successful innovators are those who have the means to invest in new ways of working while not being

Paul Martin

EiB Analytics 2018 Conference - The Future of Automated MI

Mar09

Excel in Business Announce Two Free Day Conferences to Celebrate the Launch of EiB Analytics 2018

There is no escaping that for many industries they are undergoing their biggest technological transformation in decades, as they slowly adapt to digitalisation in an ever increasing, data-driven World. The EiB mission is to help facilitate businesses to adapt to such a significant transformation, through developing a scalable MI architecture, which empowers organisations to leverage the entirety of their data and gain significant competitive edge. With that in mind, Excel in Business (EiB) are hosting two FREE one day interactive conferences at

Paul Martin

Where Are The Robot Underwriters - An EiB Report exploring the impact on InsurTech on the future role of underwriting and data quality

Mar08

EiB commissions a Report Exploring The Future Role of the Underwriter, Automation and The Impact of Data Quality in the Insurance Industry

With the ongoing development of our EiB Insurance Analytics solution, which provides automated premiums and claims management information (MI) for MGAs, Insurers and Brokers, we have recognised a trend in the challenges faced across the sector with regards to the issue of data quality. With this in mind, a few months ago we commissioned a report exploring the impact of data quality in the insurance industry, the role of automation in addressing this issue, and the future

Paul Martin

Jan10

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

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