Page 26 - Annual Review 2015-2016
P. 26

Divisional



        Reports



        Paul Berry, CEO of Insurance Services




        2015/2016 was another exciting but   complex and high value claims often with an   challenge the right cases and reduce leakage
        challenging year for the Insurance Sector   international element.     is essential to their successful long term
        and their legal suppliers, and focusing                                business operations, even though it may
        on understanding and supporting our   Our growing international footprint will be key   reduce our revenues in the short term.
        clients’ business objectives ensured we   to supporting our clients and will contribute to
        were well placed to dynamically respond   the achievement of their business objectives
                                           across policy classes and jurisdictions.   A consultative approach
        to their changing needs.
                                                                                As a legal business, we think and operate
                                           Our marginal reduction in turnover this year
                                                                                beyond the immediate client request and
        A changing market                  was systematic of our drive to increase
                                                                                proactively make recommendations on
                                           efficiency and investment in technology that
        Our clients require a diverse range of services                         ways in which to solve their problems and
                                           our clients needed from us. Clients should be
        from us, meaning we need to be agile and                                meet their business objectives. Doing things
                                           able to see a return on their investment with
        innovative with our solutions. Our Insurance                            differently starts with understanding what
                                           us and we are increasingly using data and
        Services Division handles large volumes of                              the clients want and need, answering their
                                           predictive analytics to target their legal spend,
        claims in a highly automated environment,                               requests and questions, but it’s also about
                                           even though that often reduces volumes of
        which is where our investment in technology                             posing others, understanding their strategies
                                           claims for us. Helping our clients to develop
        in recent years has begun to pay dividends,                             and making intelligent recommendations on
                                           strategies to identify profitable business,
        whilst at the same time we are handling                                 forward business planning.
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