Transforming Reporting for Faster Analysis and Insights

Hiscox were struggling with the process they had in place to report on the risks, claims and premiums under the coverholder they were managing. Their process took them over a month to create the reports to the individual coverholders and any management information was limited.

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We worked with Hiscox Insurance on improving their reporting process by implementing a centralised reporting solution, conducting data engineering and cleansing to ensure data accuracy and consistency, developing business intelligence and data visualisation tools to aid decision-making, and implementing automation to reduce report creation time from one month to two hours.

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As a result of our project we were able to reduce report creation time from one month to two hours. In addition Hiscox gained the ability to perform trend analysis and assess the profitability of insurance lines, leading to faster and more informed decision-making.