Data Analytics

It used to be that companies could develop proprietary information and, thus, a sustainable competitive advantage. Not for long.

Changing customer behaviors, non-traditional competition and operational constraints put many traditional insurance companies at risk.

Analytics represent the industry’s best -- only? -- path to success and survival in a rapidly transforming world.

Imagine a time when much of insurance buying is inverted, beginning with an offer for coverage, rather than a lengthy application and quote request.

Despite improvements, big data still has insurers stymied. The solution is gradual, starting with an approach to absorbing social data.

Most corporations struggle to get to their desired destination on data -- because they've lost track of the need to start with a map.

Insurers have a wealth of data on customers and producers. Insurers just need to think about it like Google does to be as effective as possible.

Insurers face $80 billion in claims fraud each year, but they are starting to use social media analysis, drones and wearables to fight back.