Lane Clark and Peacock - LCP InsurSight
Type of System
- Analytics
- Internal/external reporting
- Reserving solution
- Spreadsheet risk management
Type of platform
- Cloud
- SaaS
- Web-based
Other features - does your offering facilitate
- Curve-fitting
- Automated trend identification
- machine learning in reserving
- reserve risk parameterisation
What are the typical implementation costs?
Implementation costs are minimal as LCP InsurSight leverages industry-standard data formats and automates the reserving project setup and analysis for you. We offer consulting support as part of a broader reserving transformation project, with costs varying based on the level of support required.
Licensing fees are competitive and scaled based on user numbers, with substantial volume discounts available. Enterprise licensing options are also offered for clients with large user bases.
How long does your software take to implement on site?
InsurSight is a web-based solution, allowing new users to start within minutes. The setup for reserving analysis can be completed within a day, regardless of insurer size, due to the high level of automation within InsurSight. Full integration as part of an end-to-end reserving process depends on various factors, including the insurer’s pace of transformation, available resources, degree of customisation, and the number of systems InsurSight needs to integrate with.
Please name companies that use the system/solution
InsurSight is currently used to assess over £200bn in reserves across a wide range of personal and commercial lines insurers.
A full list of companies using InsurSight can be provided upon request, subject to NDA agreements.
Do you have an open API?
Yes, InsurSight offers an extensive API that enables insurers to seamlessly connect with source data, output live results, and customise InsurSight for their specific reserving processes.
Contacts
Email: [email protected]
Email: [email protected]
Email: [email protected]
Email: [email protected]
Email: [email protected]