• ,

What if all the data we received could be turned into business effective information?

Insurance companies increasingly experience an influx of data in a vast range of file and content formats, often received via email. This is exemplified by the constant receipt of spreadsheet bordereaux from multiple Coverholders detailing the risks that have been written on their behalf abroad. This data at best is not fully utilised and at worst ignored entirely.

Contained within data received is a mass of business information. Continuing with the bordereaux example this information could indicate any breaches of underwriting guidelines, allow catastrophe modelling on exposure location or simply provide an accurate and upto date picture on the policies written. The issue is investing the time in expensive re-keying or re-formatting of each data file received into a common format to allow such reporting. For many the investment in time and cost simply exceeds the information return that can be expected.