Analytics

Even if the technology doesn’t immediately attract consumers, insurers offering such programs are establishing robust data sets, underwriting methods and laying the foundation for more positive customer interactions, Deloitte says.

Optimizing application development and maintenance can reduce costs by more than 50 percent for organizations.

Networked sensors increasingly are being embedded in machines, buildings, cars and other objects, offering tech-savvy insurers new opportunities to understand and price risk, according Celent.

The Insurance Scorecard business intelligence and data warehousing application is designed for the P&C industry.

P&C insurer is implementing a billing system that encompasses the conversion of both personal and commercial lines data from its two legacy platforms.

For a successful analytics program, analytics professionals need to master a range of approaches and bring a variety of experiences to projects, as outlined by Gartner Analyst Carol Rozwell at the Gartner Business Intelligence & Analytics Summit 2014 earlier this month.

Infrastructure functions can reduce costs and improve service delivery through better demand management.

Gartner CEO and senior executive survey shows that growth is the top priority, with executives displaying a “bullish” attitude toward technology-related business growth in 2014 and 2015.

The industry has a long way to go, with many obstacles to digitization. But the potential payoffs make it worth the work.

How information is presented to business users directly impacts how easily and efficiently they can answer their analytical questions.