Context Visualised (@CoViAnalytics) header
Context Visualised (@CoViAnalytics) profile picture

Context Visualised

@CoViAnalytics

Software for Insurers, MGAs & Lloyd's. Track regulatory rules as part of operations. Make decisions with context.

 London, UK
covianalytics.com/
Joined March 2015
  • Tweets656
  • Following151
  • Followers371
286Media
Photo by Context Visualised (@CoViAnalytics)Photo by Context Visualised (@CoViAnalytics)Photo by Context Visualised (@CoViAnalytics)Photo by Context Visualised (@CoViAnalytics)Photo by Context Visualised (@CoViAnalytics)Photo by Context Visualised (@CoViAnalytics)Photo by Context Visualised (@CoViAnalytics)Photo by Context Visualised (@CoViAnalytics)Photo by Context Visualised (@CoViAnalytics)Photo by Context Visualised (@CoViAnalytics)
You don't have to build the map from scratch. We've already built one. Pick the area that matters most and make it yours.
Context Visualised carousel cover: Start from a map we've already built

ALT Context Visualised carousel cover: Start from a map we've already built

1
2
The controls on it are already mapped to the Lloyd's principles, so you can evidence your own mapping and strengthen it. Results from week 3, not month 6. No big roadmap: map one area, test it, then move on.
1
If you're done with maintaining large procedure documents that add no value, let's have a chat. covianalytics.com/talk-to-us…
Talk to us | Context Visualised

Talk to us | Context Visualised

Tell us what you are trying to fix. Context Visualised replies to every message within one working day.

covianalytics.com
Updating a procedure document takes hours. Then it sits in a shared drive until the next review. Here's another way: delegated authority (DA) oversight at Halden, our fictitious Lloyd's managing agent, as one flow.
Context Visualised carousel cover: DA oversight, as one clear flow

ALT Context Visualised carousel cover: DA oversight, as one clear flow

1
5
Zoom into one step. Its risks, controls and indicators sit right on it. When a control fails or an indicator goes outside its limits, you see which step needs attention. Click the step to see who owns it, when it runs, what it involves and the evidence it leaves.
1
2
Far less to maintain, and ready when risk, audit or the regulator reviews the process. covianalytics.com/what-you-g…
Insurance process map example | Context Visualised

Insurance process map example | Context Visualised

Procedures out of date? Map each process as a tube line, with inputs, outputs, risks and controls at every step. See it at Halden. Context Visualised.

covianalytics.com
Find your way around your business like a city. Here's Halden, our fictitious Lloyd's managing agent, on one tube map. Each team runs its own line, and work hands over where the lines cross.
Context Visualised carousel cover: Find your way around your business like a city

ALT Context Visualised carousel cover: Find your way around your business like a city

1
3
Read it top to bottom, and the stages of the business follow in the order they run. Explore a line, and you see each stop, with problems flagged where they sit.
1
1
One map, one source of truth, open to anyone. You see how things happen, who to speak to, and which other teams a failure hits. covianalytics.com/what-you-g…
Insurance process map example | Context Visualised

Insurance process map example | Context Visualised

Procedures out of date? Map each process as a tube line, with inputs, outputs, risks and controls at every step. See it at Halden. Context Visualised.

covianalytics.com
2
What if your procedures ran like a tube map? Today most live in thick documents, split across files and versions, and out of date by the time anyone opens them.
Context Visualised carousel cover: What if your procedures ran like a tube map?

ALT Context Visualised carousel cover: What if your procedures ran like a tube map?

1
7
Now picture each process as a flow. The detail sits in each step, not in a 30-page document. Each step maps to your risks and controls. Procedures people can follow, that stay current, show who does what and are easy to maintain.
1
4
At Context Visualised, we help firms run their work from a map everyone can read. Follow along this week. covianalytics.com/what-you-g…
Insurance process map example | Context Visualised

Insurance process map example | Context Visualised

Procedures out of date? Map each process as a tube line, with inputs, outputs, risks and controls at every step. See it at Halden. Context Visualised.

covianalytics.com
3
This week we opened two parts of Halden's risk management framework: appetite and policies. Halden is a fictitious Lloyd's managing agent. The whole framework sits on one map.
If you're looking to refresh your risk appetite, let's have a chat. We'll demo Halden, our fictitious managing agent.

ALT If you're looking to refresh your risk appetite, let's have a chat. We'll demo Halden, our fictitious managing agent.

1
3
It starts from the plan and the capital you already report to Lloyd's, set against your risks. So the risk report sits inside the business report. You don't build the framework from scratch. You start from ours and make it yours.
1
2
For Lloyd's managing agents and syndicates: if you're looking to refresh your risk appetite, let's have a chat. We'll demo Halden and show how it fits your firm. covianalytics.com/talk-to-us…
Talk to us | Context Visualised

Talk to us | Context Visualised

Tell us what you are trying to fix. Context Visualised replies to every message within one working day.

covianalytics.com
6
Your risk appetite and your policies sit in different documents. At Halden, a fictitious Lloyd's managing agent, they meet on the same step of the work.
Halden's appetite statement on coverholder authority next to policy principle PR-01.

ALT Halden's appetite statement on coverholder authority next to policy principle PR-01.

1
3
Appetite: "The coverholders and partners who act for us stay inside the authority we give them." Policy: "Every risk is written inside a signed authority." Both land where a coverholder binds a risk.
Halden's process map with both pinned to the Binds and pays step, tracked by out-of-authority binding.

ALT Halden's process map with both pinned to the Binds and pays step, tracked by out-of-authority binding.

1
1
One indicator watches both: out-of-authority binding. Both owners see the same number. Next week: how we draw processes, as tube maps of the business. covianalytics.com/halden/fra…
Next week: how we map processes. The map replaces the procedure document.

ALT Next week: how we map processes. The map replaces the procedure document.

1
"Payments are handled properly" can't be checked. "Every payment has two authorisers" can. Here's how Halden, a fictitious Lloyd's managing agent, sets up its policies.
Halden's underwriting policy opened into six principles, each with an ID.

ALT Halden's underwriting policy opened into six principles, each with an ID.

1
1
Each policy breaks into principles, each with its own owner and a test of what good looks like. Each principle maps to the risks it covers, the controls that show it is met, and the indicators that show it still holds.
Principle PR-01 with its owner and test, mapped to risks, controls and an indicator.

ALT Principle PR-01 with its owner and test, mapped to risks, controls and an indicator.

1
Some principles serve more than one policy. "Claims data is complete and checked before use" is written once and used by three. See all four example policies: covianalytics.com/resources/…
Principle PR-06 on claims data, written once and used by three policies.

ALT Principle PR-06 on claims data, written once and used by three policies.

1
Load more