Banking and Insurance

When the biggest risks can reap the best rewards and a whole market can change in a second, the power of insight is crucial to your success.

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Processed data is information. Processed information is knowledge. 

It’s a constant challenge for Banks and Insurers to tackle fraud and financial crime, develop competitive pricing, manage risk and compliance, and make strategic business decisions. This is all in a difficult climate recovering from the financial crisis, political upheaval and rapid digital transformation.

MHR Analytics has tailored solutions to not only overcome these challenges by visualising key data in real time, but also to aid innovation and growth, using better customer segmentation and analysis to develop personalised products and services.

"80% of commercial insurance buyers in the UK do not think that Insurers are innovating enough to cope with new risks such as cyber and reputational damage." Airmic 2017.

Banking

With each transaction that’s made, a vast amount of valuable data is generated. Leveraging this data enables organisations to improve services, with customers demanding more and more in Retail Banking, and allow for instant, informed decision making where  stakes are higher than ever in Corporate Banking.

Insurance

The success of using telematics to reduce motor insurance premiums for young drivers can increase new business and customer loyalty. Having the right customer data and analytics solutions can allow insurers to minimise risk and offer the best value to consumers.

It’s a constant challenge for banks and insurers to tackle fraud and financial crime, develop competitive pricing, manage risk and compliance, and make strategic business decisions. This is all in a difficult climate recovering from the financial crisis, political upheaval and rapid digital transformation.

MHR Analytics has tailored solutions to not only overcome these challenges by visualising key data in real time, but also to aid innovation and growth, using better customer segmentation and analysis to develop personalised products and services.

Admiral Group underwrites better data management with MHR Analytics 

"Without good analytics, achieving success in our HR strategies would just not be possible. MHR Analytics were the best choice for our upgrade to SAP Business Intelligence given their experience in the market and knowledge of the software and data we use. This is a valuable resource that we would have missed out on had we chosen a different provider."

Alex Deem, Systems and Procedures Manager, Admiral Group.

Build a relationship with your customers. 

Knowing each customer as an individual in real time allows you to personalise content, making one-to-one relationships a possibility and providing tangible business benefits.

Remove the burden of compliance.

With a long history of ever-changing compliance requirements, you need data at your fingertips that’s easy to digest in order to comply with Financial Conduct Authority regulations and react to changes immediately.

Maximise profits with optimum pricing. 

Brand loyalty is declining and customers are becoming increasingly focused on price. Therefore, it has never been more important to have access to the data needed to offer the most competitive prices while protecting your profit margin.

Meet The Team

With over 500 years’ combined experience in the BI & Analytics space, our team is fully equipped to help businesses of all shapes and sizes reach their goals and we’d love to help you too.

The Finance Cycle

Financial Performance Management is a continuous cycle and it’s important that each stage in the cycle is optimised for success.

Admiral Group

Admiral Group has partnered with business analytics provider MHR Analytics to transform its employee data management and workforce planning across multiple locations.

Data Maturity Quiz

Today, the data journey is one of the most important journeys you’ll go on as a business. Every organisation produces data, but it’s how you use this data that will determine your level of data maturity. Take our quiz to find out where you are.

For more information about any of our Banking and Insurance solutions, or to get started, speak to one of our experts.

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