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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
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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

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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

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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

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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 Today most live in thick documents, split across files and versions, and out of date by the time anyone opens them.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?

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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.

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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.

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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.

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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.

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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.

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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.

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