Research Summary
- Author(s):
- Mark A. Breading, Senior Partner
- Publication Date:
- May 3, 2013
- Number of Pages:
- 26
- Price:
- $995.00 USD
This SMA report explores both the current state and future plans for data and analytics in the property and casualty industry, highlighting meaningful differences between personal and commercial lines, and differences by tier (company size). This is the second annual study, and was conducted in conjunction with ACORD.
Data and Analytics in Insurance: P&C Plans and Priorities for 2013 and Beyond 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 personal lines and commercial 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 insurers planning IT budget increases for data and analytics for 2013-2015.
Table of Contents
- Executive Summary 3
- Projects and IT Spending Plans 5
- Business Intelligence and Analytics 16
- SMA Call to Action 21
- About the Research and Strategy Meets Action 23