1 / 14

Streamlining MI Reporting Through EiB Analytics: Case Study & Future Plans

Discover how Antilo overcame inefficient MI reporting with EiB Analytics, saving time and improving data accuracy, leading to future enhancements in MI reporting capabilities.

rlittlejohn
Download Presentation

Streamlining MI Reporting Through EiB Analytics: Case Study & Future Plans

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Delivering MI to a third party carrier Presented by Craig Richardson

  2. Agenda • Antilo – An Overview • Our requirement For Better MI • Why couldn’t we produce what we wanted? • What did we use before? • How did EIB Analytics help us solve the problem • MI Partnership • Working With EiB • EIB Analytics Benefits • Future Enhancement Plans For MI

  3. Antilo – An Overview • Craig Richardson Dip CII • Line Underwriter - Minibus and Deputy to the MD • Joined Antilo UK Ltd in 2015 • Antilo UK Ltd • Are an MGA (Managing General Agent) • In the Niche Motor market

  4. Our requirement for better MI • Antilo launched in 2015 • Required to produce monthly MI pack to our Capacity provider. • Antilo selected a respected software house, not cheap but hopefully efficient. • The Software House fails to produce promised reports. • Antilo has no choice but to allocate valuable Underwriting resource into producing these reports, to maintain our reporting requirements.

  5. Our requirement for better MI • Software house MI system: • Crashed often • MI could become corrupted • Difficult to trace errors • Data not scalable in excel • Too many manual processes • Time consuming • Use formulas to join the data • Failed to deliver consistency • Downtime effects GWP • Error reporting created other errors • Capacity provider • Very patient • Have a need for reliable MI

  6. Our requirement for better MI • Although, the manual reports delivered the information we and our Capacity provider required in the short term… • This was not sustainable… • We needed someone to step in…

  7. How did EiB analytics help us solve the problem? • EiB stepped in to take over our reporting function: • EiB had factfinding meeting to establish needs • Not just a 9 – 5, when the need arose • Communicated every step of the way • EiB provided accurate monthly capacity provider reports • We could now: • View our KPI’s on a daily basis • “Slice and Dice” the data in numerous ways • Produce and save ad hoc reports, to interrogate data and trends.

  8. MI PartnershipWorking With EiB • EiB brought: • Knowledge and Experience • Delivered in line with project • Breath of Fresh Air • “Can do” attitude • Adapted the “at all costs” delivery ethos

  9. MI PartnershipWorking With EiB • Example Report • KPI N.B. Not live data (example only)

  10. MI PartnershipWorking With EiB • Example Report • Monthly Triangulations N.B. Not live data (example only)

  11. MI PartnershipWorking With EiB • Example Report • Business written by Month N.B. Not live data (example only)

  12. EIB Analytics Benefits • If we had EiB Analytics from day one… • We would have saved between 12 and 18 months of underwriting resource. • Antilo would have been able to concentrate on current and future products. • Left underwriters to underwrite!

  13. EiB Analytics 2018 • Antilo are currently in the process of upgrading to the EiB Analytics 2018… • We always want to be at the forefront of MI, which this allows us… • We will obtain advanced and meaningful reports, which we welcome…

More Related