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Axco launches new data service
03 April 2017
DataPoint - Differentiated Insight for the Non-Life
Market
To adapt to changing market conditions and take advantage of
opportunities, organisations need to be responsive in their
decision making - often having limited time to make key strategic
decisions. For an industry built on calculations, sourcing vital
market and company data to support these decisions can be
surprisingly difficult and time-consuming.
DataPoint, Axco's newest analytical tool, responds to this
challenge by providing easy access to highly granular market and
company data via an intuitive online platform. Whether expanding
into new territories, launching new product lines or conducting
peer group analysis, Axco DataPoint facilitates the critical
decision making process with the provision of highly focused
underwriting and profitability information.
With all data broken down by local class of business, DataPoint
allows you to gain in-depth insight into markets or companies of
interest. Use DataPoint to:
- Obtain an analytical understanding of global markets with
regards to opportunity development and strategic planning
- Understand how your competitors are performing by market and
class of business
- Pinpoint opportunities and risks across markets
- Identify partners and targets for acquisition
The database is relevant to anyone with the need for detailed
levels of insurance market data to support strategic initiatives
and drive business growth, delivering valuable insight across
multiple lines of business and market segment trends.
DataPoint can also be used as a benchmarking tool to conduct peer
group analysis and monitor key competitors as well as to assist
with internal reviews of company performance across
territories.
In addition to providing deep-dive company data, DataPoint also
expands Axco's statistical offering to include extended data sets
covering underwriting statistics and expenses, reinsurance
statistics, underwriting ratios, profitability and investments.
Information can be viewed in grid format or as a bar or pie
chart.
Key to the value of the tool is the consistent reporting of data
across territories. DataPoint eliminates the need for companies to
spend time sourcing and translating data sets and crucially applies
an Axco standard to disparate reporting models, allowing users to
compare data across markets and regions. As well as rendering the
data consistent across markets, Axco's statistical team also
follows a rigorous validation process, clarifying points of
contention with the local regulator and verifying data sets with
Axco country experts following their visit to a market. Solely
focused on providing insurance information and data to the
international insurance industry, Axco adds a level of analytical
understanding to the structuring and validation of data sets
unobtainable elsewhere.
Datapoint covers an initial 50 territories and will be
continuously built out to cover additional countries and data
sets. Visit the Axco
DataPoint page to learn more and to contact your Axco
representative
