While insurers’ recent analytics projects have shown steady progress in innovation, the development of artificial intelligence, big data platforms and the Internet of Things indicates carriers must deploy these technologies even faster to keep up, according to a new study by Strategy Meets Action.
The report, “Data and Analytics in Insurance: P&C View Through 2020,” finds 92% of the 87 carriers surveyed are funding analytics initiatives in 2017. However, only a small number are leveraging data from IoT, wearables and drones, which are largely considered the emerging technologies of choice in extracting information for claims, underwriting and loss prevention, the researcher says.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access