SMEs, a Key Market for the Insurance Industry
Small and medium-sized enterprises (SMEs) are a key driver of any economy. In Spain, they represent 99.8% of the business fabric and generate 66.7% of employment, while in the UK, SMEs represent 99.9% of the business fabric and 61% of total employment. Therefore, it is essential that these companies have the right products and services […]
Get to know our BCR indicator that measures the risk of your company
More than 207,000 small businesses in Spain were forced to close after the first wave of the pandemic. Unfortunately, this number has continued to grow over the last year. To reduce this number and thus support local businesses, Wenalyze has developed the BCR indicator (Business Continuity Rating) indicator for small businesses to detect risk situations […]
How we predict your company’s risk towards adverse situations
Since the COVID-19 pandemic started, inside Wenalyze, we committed ourselves to help the local businesses of our city, Valencia. Thanks to the Valencia City Council, we kept developing our platform to create a solution to help SMEs. Now, we can predict your company’s risk towards adverse situations. In addition, this solution is the same we […]
How our platform helps SMEs
In previous posts, we have already talked about our commitment to local small businesses after the covid-19 crisis along with #RetosVLC initiative of VLC Tech City and Valencia Activa of Valencia City Council. So today, we are going to explain how our platform helps SMEs. Thanks to our technology, we detect SMEs’ vulnerabilities to strengthen […]
The role of AI in commercial insurance
One of the definitions of Artificial Intelligence provided by Forbes is “A branch of computer science dealing with the simulation of intelligent behavior in computers.” We believe that the combination of AI with commercial underwriting models can get incredible results, that is why today we would like to talk about the role of AI in Commercial Insurance. New […]
#RetosVLC: Innovation for Saving SMEs
What does it mean #RetosVLC? #RetosVLC is an initiative of the Valencia City Council together with València Activa and VLC Tech City. The objective is to search for pilot projects with innovative technology-based solutions capable of helping small Valencian companies to recover and transform themselves after the post-COVID-19 crisis. In other words, innovation for saving […]
How can Open Data help commercial insurers improve their loss ratio?
During the last 3-4 years we have seen emerging data analytics startups in all industries including the insurance sector. Data analytics departments have been created or received investment and we have no doubt about the power of data. Quality and origin of the data are the most basic aspects to consider when working with any […]
