Qlik Case Studies Canopius improves performance analysis across syndicates with QlikView

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	Canopius improves performance analysis across syndicates with QlikView Qlik

Canopius improves performance analysis across syndicates with QlikView

Qlik

Technology Category	Analytics & Modeling - Real Time Analytics Analytics & Modeling - Predictive Analytics
Applicable Functions	Business Operation
Use Cases	Predictive Maintenance Real-Time Location System (RTLS)
Services	Data Science Services System Integration
Challenge	Canopius Managing Agents Limited, a division of the international Canopius Group, is a leading specialist underwriting business and the largest privately owned insurer operating at Lloyd’s. The company manages Lloyd’s syndicates 4444, 260 and 839. The company faced challenges in improving visibility of syndicate performance, supporting Solvency II regulatory requirements with upgraded reporting and transparency, and integrating and rationalizing information from disparate sources to improve decision making. The company needed a solution that could bring together information from different sources and present them as the “one version of the truth” with data at the right levels of granularity with the ability to drill down to an individual policy or claim. Read More
About Customer	Canopius Managing Agents Limited is a division of the international Canopius Group, a leading specialist underwriting business and the largest privately owned insurer operating at Lloyd’s. Canopius manages Lloyd’s syndicates 4444, 260 and 839. Syndicate 4444 underwrites a diversified portfolio of insurance and reinsurance business worldwide, with gross premiums written for 2010 projected to reach approximately £650 million. Syndicate 260 underwrites a specialist portfolio of UK motor business. The company is based in the UK and operates in the insurance industry. The company needed a solution to improve performance visibility across syndicates, access to data for making smart business decisions and its preparedness for compliance with new Solvency II regulations. Read More
Solution	Canopius chose to implement QlikView, a business intelligence and data visualization tool. The development and rollout of QlikView was managed by the Business Information team working closely with business users. The project commenced at the beginning of 2010 and within 16 weeks the Underwriting and Claims application was deployed across the syndicate. QlikView enabled Canopius to easily integrate and analyze data from disparate systems, eliminate data inconsistencies and present information as “one version of the truth” at preferred levels of granularity – from summary views to data drilldowns into individual policies and claims. Example analysis includes Performance Against Plan Analysis, Claims Analysis, Rate Change Analysis, Statistical Summaries, and Triangulations. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Real Time Analytics

Analytics & Modeling - Predictive Analytics

Applicable Functions

Business Operation

Use Cases

Predictive Maintenance

Real-Time Location System (RTLS)

Services

Data Science Services

System Integration

Challenge

Canopius Managing Agents Limited, a division of the international Canopius Group, is a leading specialist underwriting business and the largest privately owned insurer operating at Lloyd’s. The company manages Lloyd’s syndicates 4444, 260 and 839. The company faced challenges in improving visibility of syndicate performance, supporting Solvency II regulatory requirements with upgraded reporting and transparency, and integrating and rationalizing information from disparate sources to improve decision making. The company needed a solution that could bring together information from different sources and present them as the “one version of the truth” with data at the right levels of granularity with the ability to drill down to an individual policy or claim.

About Customer

Canopius Managing Agents Limited is a division of the international Canopius Group, a leading specialist underwriting business and the largest privately owned insurer operating at Lloyd’s. Canopius manages Lloyd’s syndicates 4444, 260 and 839. Syndicate 4444 underwrites a diversified portfolio of insurance and reinsurance business worldwide, with gross premiums written for 2010 projected to reach approximately £650 million. Syndicate 260 underwrites a specialist portfolio of UK motor business. The company is based in the UK and operates in the insurance industry. The company needed a solution to improve performance visibility across syndicates, access to data for making smart business decisions and its preparedness for compliance with new Solvency II regulations.

Solution

Canopius chose to implement QlikView, a business intelligence and data visualization tool. The development and rollout of QlikView was managed by the Business Information team working closely with business users. The project commenced at the beginning of 2010 and within 16 weeks the Underwriting and Claims application was deployed across the syndicate. QlikView enabled Canopius to easily integrate and analyze data from disparate systems, eliminate data inconsistencies and present information as “one version of the truth” at preferred levels of granularity – from summary views to data drilldowns into individual policies and claims. Example analysis includes Performance Against Plan Analysis, Claims Analysis, Rate Change Analysis, Statistical Summaries, and Triangulations.

Impact #1	Improved capabilities to monitor business and make business decisions
Impact #2	Reduced time to access integrated data
Impact #3	Reduced time to develop and enhance analysis applications

Impact #1

Improved capabilities to monitor business and make business decisions

Impact #2

Reduced time to access integrated data

Impact #3

Reduced time to develop and enhance analysis applications

Benefit #1	Deployment to more than 100 underwriting, claims, actuarial and senior management users within 16 weeks

Benefit #1

Deployment to more than 100 underwriting, claims, actuarial and senior management users within 16 weeks

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Overview

Canopius improves performance analysis across syndicates with QlikView

Operational Impact

Quantitative Benefit