A picture paints a thousand words for Insurers

Painting the right distribution picture for 2024
with Broker Insights Vision^TM.

By now, most insurers will have a solid understanding of their strategic direction and commercial plans for 2024, aiming to hit the ground running in the new year. 

When it comes to planning and target setting, the better data insights you have, the better informed your business and strategic decisions can be, allowing you to paint a clear picture for the year ahead. Without sufficient information and insight, insurers risk repeating the same approach year in year out, and returning the same, or poorer, results. 

Using Broker Insights Vision^TM, insurers have access to highly effective data visualisation tools, giving easy access to data insights and facilitating ongoing collaboration with brokers. Using formats such as charts and graphs, our platform tools make complex data more accessible, understandable, and actionable for decision-making. 

The Vision Insurer platform has a range of tools that can support planning and target setting. For example, the Market Opportunity lens allows insurers to see where they and competitors sit in the market, and better understand distribution opportunities. 

To enhance broker collaboration, Market Opportunity also allows insurers to gain anonymised insights into brokers’ held books, with high-level strategic GWP analysis broken down by product, insurer and insurer type. Using this insight and the data visualisation tools, insurers can formulate broker engagement plans with a better understanding of their business, and structure accurate targets for 2024. 

Many of Vision’s graphs and visual displays also allow users to drill down into the data, giving you further detail. This can play a key part in informing business decisions and strengthening the connection between insurers and brokers. 

With Broker Insights Vision^TM, the data required to inform plans for 2024 can be readily ‘visualised’ within the platform, allowing you to set, input, and track your strategy, helping to ensure that the picture you paint for the year ahead meets your expectations.