An MGA Manager needs comprehensive clarity on the insurance portfolio they manage.

Verodats Excel Add in means that your data can be easily and immediately brought into Excel (or any of the main analytics tools on the market) from all your Managed Agents. This gives you the data you need, in a tool you and your team already use, for easy access and review.

With high-quality data now readily available in Excel. You and your team can now use Co-Pilots, in a tool you’re familiar with to find new insights and quickly and efficiently build out new reports without the need for extensive data prep.

With one click you can navigate to the Verodat uploaded data in your workbook, view the data’s supply status and check the provenance of the number right back to a certified audit trail provided by Verodat. Ensuring you know who and where and how that information was obtained.

With an AI Ready Data Layer, you and your team can easily switch on Excel copilot to analyse quotes issued versus policies bound, prioritise prospects based on historical data and predictive modelling, optimising the sales funnel and improving quote-to-bind ratios. Augmenting your team’s skills with AI to upskill their ability to analyse and build complex formulas.

Automate briefing notes sent directly to your colleagues. Easily scaled and personalised per recipient to focus only on the key points they need, in a format that suits them: eg the CUO gets a morning email with a detailed breakdown of the loss ratio information from the previous day whereas the CFO might get an audio file, giving them a quick run down of the headlines once a month when they’re preparing their financials.

A Verodat powered chatbot, trained on your AI Ready Data offers a chat interface where they can ask questions of the data and receive natural language responses. If a question like “what region is underperforming for personal lines business?” comes up in the meeting, they can simply ask the chat and get a verified answer in seconds.

When your team is using the Verodat chatbot to ask additional questions on your reports, you can analyse questions being asked and log and track them in Verodat. This will help you uncover what data your team need to do their job and easily add additional personalised reports based on these regular queries.

With AI ready data and a trained model managed by Verodat, AI can monitor predefined events such as a change in policy, in year adjustment or even external factors like new regulatory requirements or threat of environmental risks. You can then automate triggers in your workflows to carry out actions based on the event – i.e a email alert to the relevant underwriter including a summary of the detected issue, relevant data, and a recommended course of action, such as initiating a policy review or adjusting coverage terms.

When working off Verodats AI ready data, AI can use predictive models to forecast the likelihood of things like policy renewals, based on historical data and current customer behaviour. It can forecast the most attractive policy terms for each customer, such as coverage adjustments or premium levels, based on their profile and preferences. Giving your agents personalised insight into their policyholders and improving renewal rates.

Verodat makes it easy to defend your decision making and meet your audit and regulatory requirements. Your data in your Verodat workplace has full supply status and attribution included, so you can trace your end reports right back to the point of origin. If you’ve used AI in your reports, the context, supply status and attribution means that the outcomes are fully verifiable, defensible and repeatable.