- The object of the analysis is the 11,400 exclusive agencies in Spain belonging to 55 insurance companies
- It will be based on more than 800,000 data from all the agencies
Wenalyze will analyze the business continuity in the post-COVID scenario for exclusive insurance agencies in Spain, with the aim of having a detailed and individualized perspective of the business survival probabilities in the post-Covid scenario.
To this end, in the coming weeks the startup will carry out a massive analysis of the more than 11,400 exclusive insurance agencies (legal entities) of 55 entities in Spain, using open data available on the web. This analysis will identify the strengths and weaknesses of the agencies in the face of the pandemic scenario and what factors can contribute to improve their strengths and reduce their weaknesses for a better survival of the businesses.
This ambitious study will analyze more than 3,750,000 fields of data from the set of agencies, with issues such as business continuity indicators (BCR), macroeconomic indicators of companies in the area of influence of each agency, annual turnover, business history, the level of technology, risks arising from the Data Protection Act, or the reputational risk, cyber risk, among many other factors.
For the first time, the presentation format of the analysis will be through access to the Wenalyze big data analytics platform by means of a user and password, much more agile and with immediate updating of the data. The main functionalities will be the aggregated analysis per insurer and the individual record of the parameters of each of the 11,400 exclusive agencies. It is worth noting that the analysis will allow for the comparison of the results of all the agencies of each of the insurance companies analyzed, with the most relevant survival and competitive factors of each one of them.
In addition, all the agencies will have an individual file with the indicators of risk, management, business continuity index, strengths, weaknesses and competitive factors to provide the entities with a tool to help their insurance agencies.