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Insurance Data Structure: The Next Wave

An insurer’s data is much more than bits and bytes to be assembled for required regulatory reporting. It is the very lifeblood of the insurance organization and provides the ingredients by which the insight is developed that drives action to improve operational results.

By Keith Peterson | Updated on May 12, 2011

An insurer’s data is much more than bits and bytes to be assembled for required regulatory reporting. It is the very lifeblood of the insurance organization and provides the ingredients by which the insight is developed that drives action to improve operational results.  

Three convergent technology trends are opening dramatic new opportunities for insurers seeking competitive and operational advantage—and creating a potential crisis for their IT leaders. Predictive analytics, social networks, and location intelligence are on a rapid adoption curve in the insurance industry, but few companies are fully prepared to handle the crashing wave of the exponential growth in data that accompanies these new tools.   How does the modern insurer ensure that they don’t sink —or worse—drown? 

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