Data and Analytics in Insurance

Life and Annuity Plans and Priorities

Mark A. Breading, Senior Partner
Publication Date:
October 1, 2012
Number of Pages:
$995.00 USD

This SMA report explores both the current state and future plans for data and analytics in the life and annuity industry, highlighting meaningful differences between individual and group lines, and differences by tier (company size).   

 Data and Analytics in Insurance (L&A) answers the following questions:

  • 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?
  • How do investments and projects differ for individual lines and group lines? Where do analytics project investments differ by tier?
  • How much are insurers spending (inside and outside of the IT budget) on data and analytics?

Figure 1 illustrates the percent of L&A insurers’ IT budgets allocated to data and analytics for 2012. Insurers and IT solution providers will find this report useful.

Table of Contents

  • Executive Summary 3
  • Projects and IT Spending Plans 5
  • Business Intelligence and Analytics 17
  • SMA Call to Action 22
  • About the Research and Strategy Meets Action 24