United Kingdom
Close this search box.

Elevating Strategic Decision-Making through Data Insights

In the rapidly evolving landscape of the insurance industry, the key to future success lies in harnessing advanced data insights. But in a world inundated with data, how can insurers ensure confidence in their decision-making processes? Gallagher Bassett’s Senior Business Development Manager, Stephen Bevan, is committed to working closely with client partners to fortify their confidence in the accessible insights that drive strategic choices.

Stephen Bevan: Strategic decision-making for insurers and businesses hinges on data-driven insights. While evolving digital tools have enhanced the data harnessing capabilities of insurers, the human touch remains irreplaceable in uncovering the meaningful insights embedded in the numbers. At Gallagher Bassett, our commitment is to assist client partners in unlocking the potential of their data insights to achieve their objectives through the following practices:

  1. Strategic Alignment: Ensuring that reported insights align with a client’s business-critical criteria is paramount. This alignment allows clients to use reporting to identify key areas of risk or exposure and deploy targeted intervention tactics, refining and enhancing overall performance. By measuring the impact of these interventions against industry benchmarks, the strategic alignment facilitates proactive risk management and the identification of unique strategic opportunities.
  2. Effective Data Visualisation: While metrics are crucial, the presentation is equally fundamental. Our Client Insights team excels in crafting well-designed graphics that simplify complex data, enabling clients to easily grasp and apply insights for future success. This efficient process of translating data into actionable insights is central to our approach.
  3. Ease of Access to Insights: Intuitive dashboards serve as efficient gateways to real-time results. Providing client partners with direct access to a live reporting portal ensures that real-time insights can be leveraged for enhanced strategic decision-making. By prioritising seamless access to portfolio-specific data for Client Managers, we eliminate barriers to essential reporting, allowing for a real-time pulse of accurate performance measures.
  4. Data Accuracy and Transparency: The value of data insights lies in the integrity, transparency, and precision of the data. Complete transparency into how metrics are calculated and defined builds confidence and trust in the insights. Describing data in easily understood terms, devoid of industry jargon, enables efficient interpretation for timely decision-making.

To discover how claims insights can reshape your strategic planning and unveil pathways to success, contact us today for a free consultation.

Stephen Bevan

Stephen Bevan

Senior Business Development Manager

More Posts


The Role of Collaboration in Compliance

Collaboration is the word of the moment when it comes to managing compliance related concerns, from cybersecurity and data breaches to consumer protection laws and regulatory reporting. As Beth Povey explains in this new article, the data reveals more than 40% of UK insurers are planning to leverage external expertise to ensure they remain compliant.

Read more

Introducing the Carrier Perspective for Your 2024 Outlook

We are excited to launch “The Carrier Perspective: 2024 Claims Insights” whitepaper. Based on a global survey of 150 carriers, delve into the transformative shifts impacting insurers, from technology advancements to regulatory changes and global trends. The Carrier Perspective is a comprehensive exploration that offers invaluable insight into trends, challenges, and opportunities to drive success for carriers this year. Read on to stay ahead of the curve in 2024.

Read more

What’s Next for ESG: Six Expert Tips for Insurers in 2024

One key topic that has gained significant regulatory interest in the insurance sector is ESG. As new regulations and reporting standards emerge, insurers are facing increased pressure to adapt. Ashley Easen, Director of Risk and ESG, shares invaluable strategies for insurers to navigate these changes, build trust, and safeguard their reputation.

Read more

Building Storm Resilience: Five Tips for Surge Claim Readiness

The past few weeks have seen adverse weather hit the UK, and floods pose unique challenges, demanding insurers tailor response plans specifically for these scenarios. As the UK contends with extreme weather conditions, we bring you five tips to preparing a robust storm surge support plan.

Read more

Keep your finger on the pulse of the latest industry news and insights.

Sign up to our monthly newsletter today.

Download Our Global Insurance Industry Whitepaper

Hi there!

Want to drop us a line?  You can get in touch by filling out the form below and we’ll get back to you as soon as possible!