Boston, August 17, 2016 – Analytical capabilities can define a company’s future success by supporting sales, preventing fraud, and creating the customer experience that U.S. insurance carriers strive for. Looking into the depths and evaluating one’s organization is never an easy task, but taking a step back to ensure the path has been paved correctly for a successful analytics journey is imperative in today’s competitive landscape. Carriers not willing to take this initiative will fall behind.
Based on 24 interviews with U.S. life insurance and P&C insurance carrier executives and U.S.-based analytics technology vendors, this note will outline the current state of analytics for the insurance industry, identify the gaps preventing efficiencies and higher rates of return, and lay the foundation for building the organizational architecture for a successful analytics program. Its readiness model will help carriers learn where they stand and see what changes need to occur to successfully utilize more advanced analytical capabilities.
This 27-page Impact Note contains six figures and five tables. Clients of Aite Group’s Life Insurance, Health Insurance, or P&C Insurance service can download this report.
This report mentions Prosci and Tata Consultancy Services.