e2e has transformed the way insurer clients can interrogate and apply total loss data to inform business decision making.
Working with Incited, an award-winning provider of data and analytics solutions to the insurance industry, e2e has innovated its management information [MI] and reporting function to deliver clients interactivity with their total loss data which is refreshed every 24 hours. Clients will be able to drill down into the data, select their own data ranges for time series comparison analytics, monitor KPIs and benchmark their results against anonymized, aggregated market data. Built on Incited’s data platform and accessible via a secure, self-service web portal, this user friendly, enriched data and analytics solution offers clients dynamic business insights which are unobtainable from the static month end reports which have been commonly used in the market.
Taking full advantage of its new data platform, e2e will enhance the service further by the end of the year; introducing predictive analytics to enable clients to identify and plan for future probabilities linked to their total loss motor claims. Data lake capabilities built into the platform mean additional data from e2e, including Salvage Market auction data and reclaimed parts data will also be added to the service. Clients will be able to dynamically interrogate and cross analyse all this data on the single platform, gaining a truly holistic overview of their total loss motor claims; enabling strategic reviews, process engineering, cost reductions and improved efficiencies.
Jim Loughran, CEO at e2e said: “The total loss market represents untapped commercial opportunities for insurers and access to high quality data will enable them to identify, evaluate and act on those opportunities. Static monthly reporting simply cannot provide the business insights they need. The creation of our data platform and our new, interactive approach to MI reporting is part of our business strategy to be the premier data-led and technology-enabled provider of salvage claims management and fulfilment services. We are delighted with the feedback from clients who have user tested our self-service portal and declared it ground breaking. We look forward to disrupting the market further with the introduction of predictive analytics and extended, enriched data sets. It’s time to raise the bar.”
Nick Turner, CEO at Incited commented: “The speed to value ratio of the first phase of this data and analytics project with e2e has been really impressive. The appetite in the business for innovation and delivering real change for the market through access to data is voracious. We are delighted to be partnering with e2e and welcome the quality of collaboration they bring to the table. We have an exciting road map of data and analytics solutions to deliver by the end of the year and we look forward to supporting e2e in setting a new ‘data enabled’ benchmark in the total loss market place.”