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Axco’s Data Services Delivers Insights into Global Insurance Markets

Press // 09/03/2020
5 min read
BY Natasha Keats
Data

Axco’s Data Services Delivers Insights into Global Insurance Markets Enhancing Strategic Business Decision making

New service reflects the growing value placed in global re/insurance market data

09 March, 2020

Axco, a leading insurance and employee benefits information provider, has announced the release of Axco Data Services, enabling better insurance market understanding for customers. Comprising a state-of-the-art data platform as well as enhancements to its Global Statistics tool, the service offers access to extensive reference data sourced from global re/insurance markets.

"Businesses face growing pressure to make strategic decisions with speed and precision. Relevant and accurate data that is structured, granular and up-to-date, is essential to reinforce market growth opportunities and analyse competitive landscapes," said Jolle Wever, Managing Director. "Axco is uniquely positioned in the industry to deliver a comprehensive data solution that leverages our independent reputation in global information collection, interpretation and standardisation to support clients' global requirements."

Axco sources market and company performance statistics and macroeconomic indicators from insurance markets around the world. Data is stored in Axco’s globally standardised class tree, which eliminates the cost of translating and interpreting the inherent differences in reporting across territories and enables comparison of markets, including line of business detail. Axco can also provide the information as is reported from each market.

New technology allows clients to integrate data feeds seamlessly into their internal systems and processes.

Axco's Global Statistics tool, offering users a view of validated data from over 180 territories, has been enhanced to show both tabular and chart views of data as well as more straightforward comparative analysis to allow cross border market comparisons or company assessments.

"We recognise the growing value being placed on global market data within the re/insurance industry and are committed to evolving our services to better support clients' requirements to compare multiple markets easily, Wever added. "Accessing data has never been easier with our new API feed and our Global Statistics tool allows users to look at data across a region, compare countries- including by line of business- and examine participants within markets in a more intuitive, flexible interface”.

About Axco: Axco is a global leader in market intelligence and data with over 50 years’ experience in researching and publishing industry information on insurance and employee benefits. Axco gathers powerful local data through its network of professional industry relationships and delivers insightful, impartial information to companies and markets around the world. For more information visit: www.axcoinfo.com

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About Axco insurance intelligence

Axco is the leading supplier of global insurance market information with over 55 years’ experience in researching and publishing industry intelligence on insurance and employee benefits. Its unique business model and methods of research have enabled the development of an extensive suite of products comprising in-depth reports, focused profiles, Q&A databases, intelligent questioning tools, and email services which are delivered to every corner of the globe.

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