Data acquisition

In measuring the volume of data, we have blown past exabytes and are now calculating volumes in zettabytes -- an explosion that's upending traditional processes.

Goal is to use more third-party data to make it easier to sell BOP to more categories of small businesses.

Across the industry, carriers report that basic third-party data capabilities are common and that pilot activity is high.

insurers have an opportunity to use the same data integration techniques for data prefill to automatically integrate data into more complex lines of business.

The insurer gets access to data from participating auto manufacturers, including Mitsubishi.

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

Vendor will provide insurer with an automated cloud-based platform offering portfolio data, accounting entries and reporting tools.

Personalization leaders stand to capture a disproportionate share of profits while slow movers will lose customers, says Boston Consulting's Mark Abraham.