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DATA IS THE LIFEBLOOD OF INSURANCE

In the Insurance Industry the efficient management of data and information is key to gaining competitive advantage. Quality data is critical to measure business performance and understand markets, to tailor the right products and accurately price risk, meet FCA regulations and offer customers more personalised services and care during a crisis.

The insurance industry supports a wealth of data but it is spread across a landscape of siloed operating businesses with applications that don't talk to one another and where users spend enormous amounts of time re-keying and manually consolidating data.

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INSURANCE DATA SOLUTIONS

Insurance Data Solutions (IDS) is solely focused on helping insurers, MGA's and Brokers maximise the value of their data, increasing its accessibility and ease of use across the insurance value chain.

We provide a quick response to business requirements with both services and solutions which will save you time and money combining over three decades of insurance data experience with the latest technology.

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Data Analytics

Gain a single source of the truth across the whole of your business. The Insurance Analytics Solution fast tracks the ability of Brokers and MGA's in gaining insight from an impressive library of pre-built data visualisation dashboards and MI reports which focus on key performance indicators and a data warehouse that optimises multiple data sources.  Through the IDS Analytics platform users can access and collaborate on insights as well as build their own dashboards and reports on a self service basis.

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Binder and Bordereaux Management

The IDS Bordereaux Solution supports cover holders, MGAs' and brokers in efficiently managing delegated authority binders and automating outgoing and incoming premium, risk and claims bordereaux processes. Ensuring data quality, industry standards and providing full audit functionality and powerful analytics dashboards.  

 

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Data Migration

As independent insurance data migration specialists, we have over 30 years of expertise in extracting, transforming and loading (ETL) data from/to insurance systems brokers, insurers and software vendors.  Ensuring all data is accurately consolidated and transferred to support business processes in new systems, with improved data quality and integrity.     

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Data Archiving

The Insurance Data Archiver cost-effectively stores and maintains the integrity of all lapsed policy/claims data and documents.  When brokers and insurers change systems it enables the decommissioning of legacy systems to reduce licencing and maintenance costs. Advanced technical functionality includes client mastering, advanced search capabilities and data retention controls supporting regulatory and GDPR requirements.  When data is archived from multiple systems it is stored in a common format improving accessibility and reportability.

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Bespoke Solutions

Our clients highly value our ability to swiftly assist them with expert hands-on resource for BAU requirements in integrating and reporting on data sources whilst improving data quality.  We have developed a range of tailored modern web solutions which automate processes and increase productivity.  IDS bridge the business and IT gap leveraging significant insurance and data, software and web development expertise.