Data and Analytics in P&C Insurance: 2016 and Beyond

An SMA Research Report


Author(s):
Mark A. Breading, Partner
Publication Date:
June 30, 2016
Number of Pages:
19
Price:
$1,495.00 USD

This SMA report explores both the current state and future plans for data and analytics in the property and casualty industry in North America. The report addresses insurers’ business and IT priorities and plans for leveraging data and investigates how business intelligence and advanced analytics are being applied for both strategic and operational advantage. 

Data and Analytics in P&C Insurance: 2016 and Beyond answers the following questions:

  • What are the big trends in data and analytics in insurance today?
  • Which parts of the business are leveraging analytics today? In which types of new projects are insurers investing?
  • Which types of analytics tools and approaches are gaining favor with insurers? What roles do big data and emerging analytics approaches have?
  • How are insurers dealing with new sources of data – including hazard, telematics, and social media data?
  • What are insurers’ spending plans for data and analytics?

Figure 1 shows where P&C insurers report that they have advanced usage of BI/Analytics technologies. 

 

20160630 DataAnalytics 

 

 

Table of Contents

  • Executive Summary 3
  • Enterprise Data and Analytics Plans 4
  • Use of Data and Analytics 8
  • Spending on Data and Analytics 14
  • SMA Call to Action 16
  • About the Research and Strategy Meets Action 17