EiB Insights

Expert Opinion 08 - 5 Ways to Evolve your Data and Analytics Capabilities in 2019

Expert Opinon 08: 4 Ways to Evolve your Data and Analytics Capabilities in 2019

Welcome to 2019, a new year, with new challenges, new opportunities and a lot more new data. For some organisations the prospect of amassing another year’s worth of data is an exciting one, given both the valuable insights and intelligence which this data can provide for improving internal efficiency, selling more products and services, marketing more strategically, building better products, and strengthening customer relationships and loyalty. But the stark reality for a lot of businesses, is that the majority of their data

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

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

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