The importance of analytics in the insurance industry—an industry driven by data—cannot be disputed, but with the size and number of insurance carriers in the U.S. market, where they are in the process ranges widely.
Unfortunately, many carriers have yet to take the first step as they grapple with other issues such as legacy systems and incomprehensible data. So we asked several insurance technology analysts the following question: What is one step insurance carriers can take to improve their ability to use analytics within the enterprise?
Click through the slide show to see the responses from: Matt Josefowicz, of Novarica; John Lucker, of Deloitte Consulting; Mark Breading, of Strategy Meets Action; Karen Pauli, of CEB TowerGroup; Ellen Carney, of Forrester; and Chuck Johnston, of Celent.
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