- Where Insurance & Technology Meet

Organizations Slow to Advance in Data and Analytics

Europe, Middle East & Africa lag in data & analytics maturity: Gartner Global Survey Stamford, CT (Feb. 5, 2018) – A worldwide survey* of 196 organizations by Gartner, Inc. showed that 91 percent of organizations have not yet reached a “transformational” level of maturity in data and analytics, despite this area being a number one… Read more »

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Analytics in Life Insurance: Case Studies Across the Value Chain

Analytics is table stakes if the global life insurance industry is to face its challenges across the value chain: Aite Group report Boston, MA (Dec. 6, 2017) — Aite Group’s latest report, Analytics in Life Insurance: Case Studies Across the Value Chain, unveils case studies on life insurance analytics projects taking place at various carriers… Read more »

Data and Analytics Gaps Around Customer Growing at L&A Insurers

Boston, Mass. (Sept. 12, 2017) – Strategy Meets Action (SMA), a leading insurance strategic advisory firm, has just released a new research report, Data and Analytics in L&A: Addressing Customer Requirements with New Insights. The report covers the business drivers, usage, adoption areas, success factors, and investments that L&A insurers are making in data and… Read more »

The Power of Analytics for Insurance

“You Ain’t Seen Nothin’ Yet” Boston, Mass. (Aug. 17, 2017) – Strategy Meets Action has released a new blog, “The Power of Analytics for Insurance: You Ain’t Seen Nothin’ Yet, ” by Mark Breading, Partner, SMA. Few people today would argue about the value of data to an insurer, or the power and potential of analytics…. Read more »

Big Data, A.I., Geospatial Revolutionize Insurance Analytics

New SMA Data and Analytics Spectrum to Aid in Strategy and Planning Unveiled Boston, MA (July 27, 2017) – Strategy Meets Action (SMA), a leading insurance strategic advisory firm, has just released a new research report, A New Era of Analytics in Insurance: Leveraging the SMA Data and Analytics Spectrum. The report highlights how data… Read more »

“Analytics” is Plural for a Reason

The use of anlaytics to understand data is clearly a hot topic in the insurance community these days.  Those who have not taken steps to begin to use analytic tools are being warned that they are behind the curve already.  A recent white paper notes that successful implementation of an analytics program is a non-trivial… Read more »

Predictive Modeling Gaining Momentum with Insurers

There is increasing evidence that P&C insurers in the US and Canada are seeking, and finding benefits with the use of predictive analytics and modeling in underwriting, and claims. National Underwriter On-line reported that a recent Towers Watson survey found that 90% of US insurers surveyed indicated that the use of predictive analytics enhanced rate… Read more »

2011 Insurance-Canada Technology Conference – Almost Ready for the Reveal

With one week left to go, the team feel they will be ready to ‘reveal’ the 9th annual insurance-technology conference to what appears to be a record number of attendees on February 28, 2011. The conference theme – Business Results Through Informed Action – is carried through out the programme by a high-caliber faculty,… Read more »

BI/Analytics: More Complex, More Mobile, More Important

For the  folks who have been able to dismiss the significance of business intelligence/predictive analytics, and relegate its use to actuaries and computer geeks,  there is growing evidence that this is a bad idea which is only going to get worse. Bob Evans Editorial Director, InformationWeek puts out an annual ‘Top 10’ list for CIOs. … Read more »