Wenalyze - InsurTech Innovation Award 2022

1. Leveraging Open Data to Optimize
Commercial Insurance Processes

2. 60% of the critical data commercial
insurers have is inaccurate
Commercial Insurance Industry Problem

3. Collect open data and validate, update
and enrich insurer’s data in real time
The Wenalyze Solution

4. Open Data Collection
Financials
Locations
Web & Cyber
Commercial
Risk Indicators
Opinions
10:00
Timetables
Employees Num.
Activities
+70
Data Points
on Average
Business Name&
Address
Onlybusiness nameand address are necessary for Wenalyzeto find updated information in several data sources.

5. Data Analysis Process
John Green LTD.
Pizza
Roma
Business brand nameis identified from legal nameand address.

6. Data Analysis Process
John Green LTD.
Pizza
Roma
Address 12 14 Washington St
Activity Bar Restaurant
Wrongdata is updated.

7. Data Analysis Process
John Green LTD.
Pizza
Roma
Employees number 4
Address
Activity
Correctdata is verified.
12 14 Washington St
Bar Restaurant

8. Data Analysis Process
John Green LTD.
Pizza
Roma
Employees number 4
Address
Activity
Online Shop Yes
Opinions Rating 4,1/5
New riskindicators are added to enrichthe view of the risk.
12 14 Washington St
Bar Restaurant

9. Data Analysis Process
John Green LTD.
Pizza
Roma
Employees number 4
Address
Activity
Online Shop Yes
Opinions Rating 4,1/5
85%
Of Customers
Data Improvement
in
Thereis at least one data improvement action takenin85% of the cases.
12 14 Washington St
Bar Restaurant

10. Why Wenalyze?
No IT
Implementation
Required
Scalable by
Size & Region
Real-Time
Collected Data
Flexible
Architecture
Uniquetechnology providing a polyglot, scalable, fast and
flexible solution for all insurancecarriers of anysize and
location.

11. Clients
Workingin3 continents in 4 different languages and scaling within global corporations.

12. Use Cases
Automate Processes & Monitor Risk Changes

13. 90%
SavingsLaborSubscription
Before
2 hours
Now
4 Seconds
Automate Underwriting & Risk Selection
Name
Address
Tax ID
Employees Number
Activity
Property use
Location
ProvideOnline Data To SpeedUpDecisions
Yes/No Underwriting Decisions are reduced
to a 4 seconds Process in 90% of the cases

14. New onlineshop
New 240badreviews
Sell CyberInsurance
IncreaseRisk Level
Monitor Risk Changes
Add Additional Risk Insights To Make Better Decisions
Identifying Selling Opportunities and Hidden Risk Factors
helps to increase sales while reducing risks
65%
Identified New
Decisions

15. Improving data quality while automating
processes leads to higher efficiency
and increased profits

16. Leveraging Open Data to
Optimize
Commercial Insurance
Processes
roger@wenalyze.com