To realize their full potential, analytics investments must be brought down from their ‘visionary’ pedestal and used to create a structured program of activities that can be monitored and measured, according to “All That Glitters is Not Gold: How to Build a Business Case for Analytics in Commercial Insurance,” a report from Xuber, an insurance software vendor.
“The use of predictive modeling solutions will enable insurers to more accurately predict customer behavior or trends, manage risks, improve fraud detection, reduce claims leakage, improve underwriting profitability and assist with product pricing,” Gartner said, as quoted in the report.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access