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Don’t let inaccurate insights become a liability for your business
Insurance companies handle an enormous volume of data on a daily basis. However, until recently, due to its complexity, this data was just stored or remained dispersed among departments, without a means of providing further insight or value.
According to a recent survey commissioned by PwC, a vast majority of insurance companies still struggle to realise the true benefits of a reliable and intuitive MI solution, due to their silo-based approach towards the problem.
PRECISE AUTOMATED INSIGHTS FOR CONFIDENT DECISION MAKING
Unlike other BI solutions, EiB Insurance Analytics has been designed to offer ease of use and convenience to all stakeholders, from board members to carriers and shareholders. It not only saves you from the process of gathering, sanitising, and analysing data manually, but also presents the key information in a clean, easy-to-read manner, allowing you to quickly monitor and evaluate your business performance, all without leaving Excel.
Some of the key features of EiB Insurance Analytics include:
Comprehensive monthly analysis of all pertinent Premium and Claims data
Automated triangulations of complex KPIs such as Earned Premium saving days per month
Automated validation, rejection and auditing of all invalid risk and claims information, providing better quality and self-healing MI
Standard monthly application can be extended to handle daily information across any number of underwriting years
Data can be combined seamlessly from different risk software vendors and claims houses or EDI outputs
Complete reporting environment for all your internal and carrier reporting requirements without leaving Excel, including Dashboards, Management Reports, Operational Reports and Report Distribution
Based on industrial strength IT infrastructure: Microsoft BI SQL Server – Analysis Services - Excel - Architecture
Lowest cost of ownership and reporting platform for the insurance industry.
What they say
Customer Case Studies
Selection of Excel based EiB Insurance Analytics reports
Selection of Power BI based EiB Insurance Analytics reports
Invest in EiB Insurance Analytics and explore how BI can lead to better underwriting and claim management practices. Contact us today.
“‘Excel in Business have got a great product with EiB Insurance Analytics. They can definitely deliver something invaluable for the future of the insurance industry. It’s going to help insurance companies review their figures, and gain competitive advantage by maximizing their position at the forefront of BI technology.”
“Now that process is fully automated using EiB Insurance Analytics, everyone gets reliable management information at a touch of a button.”
“I would recommend EiB to anybody in the insurance industry, who needs to look at their MI data in an easy, simplistic way.”
“Management Information is key to everything we do, yet before EiB Insurance Analytics we couldn’t trust our results, despite the immense manual effort and commitment from our team. Thanks to EiB, this is no longer a concern.”
“‘The principal differentiator between EiB and other software providers in the market, is that they do fully understand that there’s a business being run at the same time as trying to deliver software solutions.”
“The best thing about Excel in Business is that they are a true partner, a term so often quoted but then misused in our industry.”
“The opportunist and successful MGA will use EiB Insurance Analytics to see trends others cannot even produce!”
“If your business is managing risk, like ours, then the last thing you want is risky management information. Since we’ve been using EiB Insurance Analytics, the improvement in accuracy of our MI has been unprecedented”
“If you now write unprofitable lines of business, there is no business. EiB Insurance Analytics has provided us with a complete BI solution, allowing us to automate the delivery of our MI in just days!”
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