Yellowfin helps BGL make life insurance simpler and more accessible for everyone
Yellowfin’s comprehensive feature-set delivers complete performance visibility and immediate improvements to BGL
London, 13 September 2018 –
Yellowfin BI, the analytics company that gets customers to the why faster, today announced that BGL Life, a leading digital distributor of simpler and more accessible life insurance, selected Yellowfin’s analytics solutions to help analyse product performance and improve the customer experience journey and has been enjoying the benefits of the solution for a number of years.
BGL Life offers life insurance through brands including Budget Insurance, Dial Direct, Beagle Street, and FiftyLife. In addition, it also provides white-labelled insurance solutions to some of the UK’s most trusted brands.
Prior to deploying Yellowfin’s technology, BGL Life had set up their own SQL enterprise data warehouse (EDW) to allow them to pull information from a number of systems, then they would write their own quote and pricing rules on top. However, the daily extraction of data didn’t provide enough information for the business to be responsive and, in addition, it was taking two hours a day, to extract and format the data to deliver the Management Information (MI) the company needed.
Senior BI Manager at BGL Life, Mark Buckingham, commented: “We looked at six BI vendors, following recommendations from Group and the Gartner Magic Quadrant. We ranked each tool by features and were amazed that some tools simply didn’t support ‘export to Excel’. For us, this was really important, as was the ability to automate reports and share the data with teams in the Group who didn’t necessarily have a software licence. Following a six-week selection process and a PoC with three vendors, we chose Yellowfin. The feature set is exhaustive, it looks great.”
There are now approximately fifty people using Yellowfin across the Customer Operations, Marketing, eCommerce, Finance, and Product Teams at BGL Life. They have a comprehensive set of reports and dashboards that allow them to track key trends, including: quote rate performance, performance by channel, where they feature on aggregator sites and how that is affecting performance, website visitor and conversion rates, as well as real insight into the website journey, retention and cancellation rates.
Buckingham concluded: “Yellowfin provides us with complete visibility of our performance. If there’s an issue, we can pick it up immediately. For example, if sales are low in a particular channel, we can drill into the detail and make changes straightaway rather than wait until manual analysis is completed. Offering this level of reporting to their affinity partners, as an embedded white-labelled solution using two-factor authentication, has been really well received. It’s an invaluable add-on to BGL Life’s service offering.”
Shawn Deegan, General Manager at Yellowfin said: “We’re delighted to have been able to help BGL transform its life insurance solutions with world-leading reporting and data analysis. We look forward to continuing our partnership with BGL at it continues to evolve its offering.”
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About Yellowfin
Yellowfin provides a Business Intelligence (BI) and analytics platform aimed at solving real enterprise analytics challenges and helping business people understand not only what happened, but why. Founded in 2003 in response to the complexity and costs associated with implementing and using traditional BI tools, Yellowfin is an intuitive, 100 percent web-based reporting and analytics platform. More than 25,000 organisations and more than three million end users across 75 countries use Yellowfin every day.
For more information, visit www.yellowfinbi.com
Contact
Lara Irwin
Marketing Manager – EMEA
+44 (0) 1908 887 226
lara.irwin@yellowfin.bi