Data Analytics

Stronger analytics can assist insurers through the COVID-19 crisis, and create building blocks for longer-term business benefits.

Carriers must change their mindset about their data. It must be managed from the very top, like every other corporate asset.

By the time the world gets to the new normal, insurers must have created an "information mesh."

The importance of decision intelligence is peaking. COVID-19 shows how powerful the skill can be.

Some 40% to 50% of analysts spend their time wrangling the data, rather than finding meaningful insights through analytics.

By handling payments in the cloud, insurance providers can dramatically reduce the amount and types of sensitive data they process or store.

Major improvements in analytics and automation have been demonstrated in three areas for the small commercial market.

Successful data strategists adhere to four basic principles: prospect, communicate, optimize and protect.