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9 pieces of big data advice for insurers
Insurers’ data prowess will be the key inflection point for the industry in 2018, according to two recent papers from Deloitte. Carriers will be pressured to collect and operationalize as much data as possible – while, at the same time, be required to safeguard that data from a litany of bad actors. The company offers several pieces of advice for being effective stewards of data in its “2018 Insurance Regulatory Outlook: Navigating the Year Ahead” and its “2018 Insurance Outlook: Shifting strategies to compete in a cutting-edge future” reports. Following are some of the insights.