Admiral Group, the global insurance company, are working with MHR Analytics to underwrite with “better data management”.

MHR Analytics, the business analytics provider, is aiming to drive efficiency for Admiral’s international workforce of around 10,000 people and 6,000 in the UK.

With locations in the UK to Canada and India, Admiral is undoubtedly in need of a robust data management tool to organise their operations.

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MHR Analytics’ Business Objects and Edge Licencing technology will be utilised to obtain insights into the performance of key business metrics and identify areas for enhancement. This process includes examining attrition and absence information, data about its core business areas and analysing the information to make suggestions to drive efficiencies. According to MHR, an essential function of the new system is to ensure products and services are up to date and compliant with the latest regulations.

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The partnership will also allow Admiral’s HR business associates across the globe to work together closely with key parts of the business, obtaining access to real-time performance and employee information.

Alex Deem, Systems Manager at Admiral Group, said: “We needed a solution that could bring together departments and ensure accurate decision-making across the whole business. Working with MHR Analytics, we are already transforming the way we work by giving managers access into real-time workplace performance data, allowing us to drive efficiencies and improve our business for the long term.”

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Nick Felton, Senior Vice President of MHR Analytics, added: “For a long time, data has been the backbone of the insurance sector, and we are proud to be working with an industry leader like Admiral that understands the vital role it can play in driving efficiencies. Now, it’s even more vital for many reasons, not least the need for insurance companies’ compliance with new regulations like IFRS. Product lines need to be up-to-date instantly, and it is only with the smart use of the massive amounts of data that sits within companies that insurers can remain competitive.”