Big Data in Insurance: Emerging Trends in Organization and Technology

An SMA Research Brief

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Author(s):

Denise Garth, Partner

Mark A. Breading, Partner

Publication Date:

September 10, 2014

Number of Pages:

13

Price:

$995.00 USD

Many insurers have invested in data, business intelligence, and analytics – and have had success with different initiatives that touch different areas of the business. This early success and experience have provided a foundation to move into big data, taking advantage of the explosion of data from a wide array of new and emerging technologies to gain new and game-changing insights for the insurance business. 

Yet, while big data and analytics adoption is increasing, there are fast-emerging organizational and technology challenges that will hold insurers back from seizing the opportunities of big data. More importantly, these challenges may place insurers at risk of being unable to leverage the emerging technologies that are creating massive new data sources that will define a new era of competition and future success.  

 

Big Data in Insurance: Emerging Trends in Organization and Technology answers the following questions:

• How are the business and data priorities influencing the demand for talent?
• What are the shifts in talent needs? How will these shifts impact the race for talent?
• What are the organizational structures needed for this shift of priorities and talent?
• How will you acquire and retain talent in a competitive marketplace both within and outside of insurance?  
• What technology and implementation approaches are being used for big data? 

 

 

 

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