DELIVER ENTERPRISE INSURANCE ANALYTICS IN < 1 WEEK FOR < £1,000 A MONTH
Management Information (MI) is always high on an Insurance Company’s agenda, but was previously too costly. Deliver your strategic MI now in just 1 week at a fraction of the cost!
This ranges from MGA Startups with very little data to National Insurers and Brokers with 20+ years of policy history.
EiB Insurance Analytics delivers a complete and fully automated set of dashboards & reports from your data
- Quote Conversion Analysis Dashboards
- Loss Ratio Triangulation Reports
- Broker Performance Dashboards
- Underwriting Performance Dashboards
- Claims Analysis Dashboards
- Complaints Analyses
All fully interactive from within your end user tools of choice – Power BI and Excel. We also offer a set of AI Dashboards and Data Quality Dashboards as part of each Insurance MI app as standard, in essence everything you need.
Test drive the EiB Insurance Analytics solution before before contacting us to discuss your requirements?
Use our online demos below or download any Power BI dashboards or Excel reports you require as static Powerpoints or PDFs. All dashboards are live and you can change Year of Account, Broker, Product, Scheme etc
“EiB has invested over £1.2M of R&D Resource over a 5 year period to ensure that you don’t have to do the same!”
Are we saying any project can be delivered in 1 week? Of course not! It depends on the overall complexity of the app, the volumes of data, and for larger applications, integration of perhaps several different Policy Management and TPA Claims systems and/or Bordereaux files. Nevertheless, give us a single file format of Premium data and a single file format of Claims data per month:
- Any Size
- Any Number of Files
- Any Number of Years of Data
and you’ll have your automated Insurance MI app in a week!
PRECISE AUTOMATED INSIGHTS FOR CONFIDENT DECISION MAKING
Unlike other BI solutions, EiB Insurance Analytics is not just the latest Business Intelligence offering loading and presenting your data. It is a pragmatic solution for error checking all your data and enforcing change. It improves quality and accuracy, before any numbers even hit a report or dashboard. It not only saves you from the process of gathering, sanitising, and analysing data manually, but also presents the sanitised key information in a clean, easy-to-read manner, allowing you to quickly monitor and evaluate your business performance, all without leaving Power BI and / or Excel.
Return on Investment
As a Broker, MGA, Insurer, Carrier or Reinsurer, you have 2 choices with MI if you do not use EiB Insurance Analytics:
Continue with what you are doing now, usually downloading information manually into Excel. That’s the cheapest way surely? Well is it ? Really? Download the ROI Calculator Do Nothing model below, update our suggested numbers and double check.
You know your own Insurance base Policy or Claims platform better than anyone (true of course !), so you can just simply add a MI layer to that and deliver the MI solution yourselves to all your customers. Download the ROI Calculator – Customer DIY Build model below and check the level of resource and effort you will need. You may find you just might want to partner with EiB!
As an Insurance ISV with a Policy and/or Claims Management application, you may currently believe:
We know our own Insurance base platform better than anyone (true of course !), so we can just simply add a MI layer to that and deliver the MI solution ourselves to all our customers. Download the ROI Calculator – ISV Build model below and check the level of resource and effort you will need. You may just want to partner with EiB!
If you are still convinced you want to build something yourselves, then we’ll help you for free!
Download our whitepaper “Insurance Analytics – Build, Buy, or Carry On With What You Have” where we will highlight the things you need to consider, accommodate and deliver.
Some of the key features of EiB Insurance Analytics include:
Comprehensive monthly analysis of all pertinent Quotes, Premium, Claims and Complaints data. Advanced AI analysis from interactive Q&A functionality and decomposition views.
Automated triangulations of complex KPIs such as Earned Premium and Incurred Loss Ratios, saving days per month
Automated validation, rejection and auditing of all invalid risk and claims information, providing better quality and self-healing MI
Handling of multiple Insurance Time Dimension analyses including : Year of Account, As At position, Binder Years, Claims Incident, Notification and Transaction (Accounting) dates
Data can be combined seamlessly from different risk software vendors and claims houses or EDI outputs and bordereau files
Complete reporting environment for all your internal and carrier reporting requirements without leaving Power BI or Excel, including Dashboards, Management Reports, Operational Reports and Report Distributions
Based on industrial strength, market leading Microsoft BI IT infrastructure and own Intellectual property : Microsoft Fabric, Azure Db, Power BI, Excel, EiB AppStudio and EiB ReportStudio
Lowest cost of ownership for dashboard and reporting platform for the insurance industry.
A Solution Which Matches Your Needs At The Right Price
Obviously there is vast diverse range of MI requirements based on the size and complexity of each Insurance organisation or Insurance ISV. To accommodate this our EiB Insurance Analytics product is provided in 3 Tiers – Professional, Teams and Enterprise.
The summary graphic below can be expanded with full cost information by downloading our EiB Insurance Analytics – Features and Benefits Excel model.
EiB INSURANCE ANALYTICS – BENEFITS COMPARISON
| BENEFITS | Professional | Teams | Enterprise |
|---|---|---|---|
| 1. Automated Insurance Analytics | ★★★ | ★★★★ | ★★★★★ |
| 2. Pre Built Insurance Power BI Dashboards | ★★★★★ | ★★★★★ | ★★★★★ |
| 3. Pre Built Excel Insurance Reporting Application | ★★ | ★★★ | ★★★★★ |
| 4. Pre Built Data Quality Power BI Dashboards | ★★★ | ★★★★ | ★★★★★ |
| 5. Data Integration & Enrichment Capabilities | ★★★ | ★★★★ | ★★★★★ |
| 6. Advanced Time Series Analysis | ★★ | ★★★ | ★★★★★ |
| 7. Complex Advanced Analytical Functionality | ★ | ★★★ | ★★★★★ |
| 8. Managed Manual Adjustments | ★★ | ★★★★★ | |
| 9. Built In Scalability | ★★★ | ★★★★ | ★★★★★ |
| 10. Built In Artificial Intelligence | ★★★★★ | ★★★★★ | ★★★★★ |
What they say
Customer Case Studies
Selection of Excel based EiB Insurance Analytics reports
Test Drive EiB Insurance Analytics In Excel
If you would like to use our Excel software and see how it can run Insurance reports interactively like the complex Triangulation report, then download our FREE EiB ReportStudio addin for Excel and from the menu, select Line of Business -> Insurance to test drive. Download
Selection of Power BI based EiB Insurance Analytics reports
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