We’re excited to share the news that Insurance DataLab has won the Excellence in Technology – Data-focused Service Provider Award at the 2024 Insurance Times Awards.
This recognition highlights the innovation, expertise, and client focus that drives our market intelligence platform and how it is helping firms with benchmarking and meeting regulatory compliance.
The judges said they were "blown away" by our live demonstration, describing our presentation as the “standout” entry.
A big reason for our win is the platform's ability to help firms with Consumer Duty compliance. The judges commended our platform for making data more accessible for brokers, insurers, Lloyd's syndicates, and MGAs.
Insurance DataLab eases the compliance burden of Consumer Duty by tracking key claims, customer experience, and complaints metrics. These are broken down by company, product line, and complaint type to identify trends and benchmark performance against competitors and the wider market.
The platform also includes a wealth of benchmarking data on underwriting results, solvency positions, and broker and MGA financials to provide data-driven insights on performance relative to competitors and the wider market.
Winning this award reinforces our commitment to helping the industry thrive through evidence-based decision making. This award is not just about what we’ve already achieved – it also inspires us to keep innovating for our clients.
And we have some exciting developments on the way following the completion of our first investment round, including enhanced automation and new data capabilities, and we’re committed to delivering even more value to the insurance community.
Request a free demo to explore Insurance DataLab’s award-winning features and find out how your business can benefit from our market intelligence across the whole of UKGI.
Thank you to Insurance Times for this recognition and to our clients for trusting us to support their businesses.
