In a data and analytics survey conducted by the Economist Intelligence Unit, only 13% of insurers surveyed identified enterprise-wide data management and warehousing as a significant strength in their organisation, while 82% ranked data and analytics as a top strategic priority. So, while increasingly more insurance companies continue to invest in modernising their technology architecture, as a means of embracing the cultural shift to a digital age, most still find their efforts have
At BIBA 2017 we conducted a survey of 60 Brokers, Insurers and MGAs, as part of our ongoing research into Management Information in the Insurance Industry… With the insurance industry so reliant on its data for writing profitable lines of business, and the looming regulatory changes that are set to demand increased data transparency, the findings from our survey were quite alarming… It may not come as a surprise to you that a resounding majority of respondents acknowledged the accuracy of
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