As insurers evolve their analytics strategies from gathering information to interpreting data, the appointment of chief analytics officers and data scientists have become more prevalent throughout the industry compared to that of chief data officers, according to a new study by Strategy Meets Action.

Currently, 22% of personal lines carriers, 19% of commercial insurers and 16% of life & annuity companies have chief analytics officers, SMA finds, Its report “The new era of insurance analytics: Leveraging the SMA data and analytics spectrum,” surveyed 87 insurers.

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