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
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
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 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
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
© Copyright 2008-2024, Excel in Business Ltd.
Powered by 
Recent Comments