Barbican launches new enterprise data warehouse
18 November 2014
Warehouse greatly enhances data management and analysis capabilities
Barbican Insurance Group has today announced the launch of its new enterprise data warehouse, which provides a group-wide, scalable information solution designed to fully support the firm’s growth plans.
The new enterprise data warehouse enables the accurate, timely and consistent storage, analysis and delivery of information across Barbican. In addition to supporting its growth strategy in the Lloyd’s and non-Lloyd’s arenas, it enhances visibility of overall performance, while increasing access to a greater breadth and depth of information, and enabling the integration of business intelligence software to facilitate data analysis.
Working in partnership with Atticus Associates, Barbican significantly reduced the standard delivery period for a project of this scale to only nine months. This was possible by close collaboration, an innovative approach to development and taking advantage of Atticus’s proprietary data warehouse model, which has been built exclusively to meet the needs of the London market.
As well as achieving key benefits such as: improved information production, increased query and system performance, enhanced data quality and consistency, and faster access to data; the new system has also greatly reduced report production times. This has been achieved by significantly speeding up report run times, reducing the manual report maintenance burden and reducing reliance on the need for manual manipulation of spreadsheets.
Commenting on the new system, Stewart Williams, head of IT, at Barbican, said: “There are few industries which can be said to be as data-driven as the insurance industry. Quality of data, accuracy of data and access to data are critical to the decision-making process of any insurer or reinsurer. With this new enterprise data warehouse system, high-quality, comprehensive data available in seconds is now at the core or every decision we make, whether that is on the underwriting floor or in the boardroom.”
Nick Mair, managing director at Atticus Associates, added: "We are delighted to have worked with Barbican on launching this ground breaking EDW product, which delivers high value business benefits in a highly cost effective, swift and secure manner. As the London market modernises its processes and technology, firms like Barbican are on the leading edge in embracing proven and innovative solutions.”
Barbican, Atticus, data warehouse, underwriter
Barbican Insurance Group
+44 (0)20 7082 1910
Allen & Clapham
+44 (0)7988 478 824
Notes to Editors
Barbican Insurance Group www.barbicaninsurance.com
Formed in 2007, Barbican Insurance Group underwrites business predominantly through its Syndicates at Lloyd’s. It also has a non-Lloyd’s financial solutions business based in Guernsey which offers insurance and reinsurance programmes to the global market and number of service companies including, Barbican Underwriting Limited, Castel Underwriting Agencies Limited, Professional Indemnity Protect Limited and Seacurus Limited.
Barbican Syndicates at Lloyd’s have a stamp capacity of £250m for the 2014 year of account and underwrite marine, aviation and transport re/insurance, property re/insurance, media and contingency, energy and specialty lines including casualty reinsurance, cyber liability, healthcare liability, financial and professional lines and professional indemnity.
Atticus Associates www.atticus-associates.com
Founded in 2008, Atticus Associates helps the London, UK and global insurance markets to plan and deliver successful technology projects.
With a growing FTSE 250 and international client list and new offices in Lime Street, Atticus Associates provides specialist expertise in the following areas:
• Data Warehousing and Analytics solutions for London and General insurers, MGAs and brokers
• Managed Project Delivery high calibre project professionals to deliver IT and business change successfully
• IT Advisory Services for the insurance and reinsurance markets from strategy and enterprise architecture review to system selection