Big data

Tom Bolt is charged with helping the company improve pricing decisions using data and analytics.

The companies' complementary analytics backbones can provide a fuller view of customers.

But IT personnel too often feel they lack the skills, technology and bandwidth to create the data-centric foundation needed.

The emerging technologies are equally dependent on each other for best results, Novarica says

There are opportunities for carriers of all sizes to get involved, as many startups looking for pilot customers will lower costs to get their foot in the door.

Insurance companies can help consumers stay informed on risks to lives and property, evolving them into life-coaches.

Insurer’s personal insurance unit is looking to develop lasting relationships with startups in big data, AI and more.

Carriers are working to change the culture around underwriting to be more data-driven, says EY study.

Insurers deploying drones, accessing mobile uploads and analyzing weather data to ensure proper settlement.

Data plays a key role in understanding what your customers will be looking to buy next year, in five years or in 10 years, and how that impacts your staffing needs.