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
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,
Bad data…I feel your pain. But there is light at the end of the seemingly dark tunnel… Having worked with countless insurance companies over the years, I am pleased to assuringly inform you that the future of MI is a lot less daunting and time consuming as you all may think! Here are a few insights which I have gained as to why I believe this to be… Full Automation Of MI Sounds obvious, but I what I have repeatedly witnessed in
At BIBA 2017 we conducted a survey of 60 Brokers, Insurers and MGAs, as part of our ongoing research into Management Information in the Insurance Industry… With the insurance industry so reliant on its data for writing profitable lines of business, and the looming regulatory changes that are set to demand increased data transparency, the findings from our survey were quite alarming… It may not come as a surprise to you that a resounding majority of respondents acknowledged the accuracy of
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