MAXIS Global Benefits Network (MAXIS GBN) has launched a suite of new data and digital services on its OneClient portal, including a new interactive dashboard for captive and global risk solution (GRS) clients.
This interactive dashboard will be available for all MAXIS GBN captive clients and will provide the latest quarterly data and enable more insight into the captive programme performance.
In addition, it includes filters by year, country, product, sub-product and policy and provides views of the programme on a reinsurance or cash basis and allows selection between two-loss ratio formulas.
MAXIS explained that a loss development triangle enables clients to evaluate risks and liabilities along with an assessment of premium and reserve levels.
Meanwhile, the enhanced data visualisations allow loss ratios to be displayed as an interactive heatmap by country and product and provide a complete performance breakdown of a captive, including income, expenses and incurred benefits.
The interactive graphs enable the captive client to identify outliers and badly performing policies.
Commenting on the captive dashboard, Helga Viegas, director of digital and innovation, MAXIS GBN said: “The interactive captive dashboard was a much-awaited development after the successful launch of our pooling dashboard last year. We’re constantly investing in our suite of digital solutions to ensure our multinational clients have the right tools to manage their investment in employee benefits.”
“Through these digital tools and dashboards, we help clients to better understand the drivers of spend and develop strategies and interventions to help reduce costs in future,” Viegas added.
In addition, MAXIS is also launching a new interactive GRS dashboard, which allows clients to have a better understanding of their GRS performance over their three-year cycle.
MAXIS stated that the data visualisations highlight the overall performance, premium and expenses distribution, loss ratio heatmaps, results and reserves overview, among other visualisations.
The interactive dashboard for pooling clients has also been upgraded to improve navigation.
MAXIS GBN explained that pooling clients will be able to manage new local policies potentially being added into their global programme with the ability to review new local policies, exclude specific ones and download information about policies previously added.
MAXIS GBN originally launched OneClient in 2017, with the aim to provide clients with access to reports, as well as to compliance and market data on employee benefits markets worldwide.
The employee benefits network relaunched the OneClient portal in 2019 with new analytics tools to give its global multinational clients access to comprehensive claims reports, programme performance metrics, market analytics and intelligence.
