Step into the realm of insurance analytics with confidence. The Accelerator for Broker Analytics allow you to unlock comprehensive insights and enhance your decision-making. Within this powerful platform, you can monitor critical revenue and profit KPIs, analyze broker performance, benchmark underwriters, and gain visibility into your renewal pipeline.

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How can our suite of Insurance Analytics Accelerators help you?

* KPI Overview: provides a high-level view to monitor multiple insurance-related KPIs and track changes over time. 
* Broker Analytics: designed for underwriters, these accelerators reveal top-performing brokers, their costs, returns, and internal KPI benchmarks.
* Renewal Progress Analysis: through visualizing the status of deals eligible for renewal, users are able to ascertain the progress and completion of their portfolio.
* Underwriter Performance: compare and benchmark underwriters using KPIs like GWP, NILR, policy count, and cost per policy.


You can [connect with The Information Lab directly](https://www.theinformationlab.co.uk/customer-success/) to find out how their experts can help you with your own Broker Analytics.

### Answer Key Business Questions

* How have our key broker performance indicators changed relative to last year?
* How have brokers individually contributed to GWP, NILR, RRV, TA change?
* What is the distribution of scores between different brokers?
* What contribution did the top 10 brokers make vs the rest and who are the top 10?

### Monitor and Improve KPIs

* GWP, £, Gross written premium
* Live policy count, int, the number of live policies
* Net incurred loss ratio (NILR), %, Net written premium ÷ incurred claims
* Brokerage, %, Total acquisition costs ÷ gross written premium
* Renewal rate variation (RRV), %, Net written premium internal share ÷ as if policy premium
* Technical adequacy (TA), %, Net written premium internal share ÷ benchmark net premium

### Required Data Attributes

* Policy ID, (string), unique identifier of each policy
* Broker name/ ID, (string), unique identifier of each broker responsible for the policy
* Inception date, (date), the date the policy was launched
* Gross written premium internal share, (currency) £
* Benchmark net premium, (currency), £
* Committed RRV, (int)
* Incurred claims internal share, (currency), £
* Total acquisition cost, (currency), £
* As if policy premium, (currency), £
* Net incurred loss ratio (NILR), (int) %, Net written premium ÷ incurred claims
* Technical adequacy (TA), (int) %, Net written premium internal share ÷ benchmark net premium
* Contract status type, (string), (bound, enquiry or quote)
* Entry Status, (string), (Cancelled, Live, NTU, Partial)
* Net written premium internal share, (int), £

Broker Portfolio Analytics

Explore and contrast how brokers have contributed to KPIs