Data is a mainstay for insurance organisations, but becoming data-powered is easier said than done and competition from insurtechs is on the rise. So, how can insurance organisations transform into data-powered enterprises?
The Capgemini Research Institute surveyed over 500 insurance executives at 200+ insurers and found that insurers who make the best use of data are already winning market share, improving key ratios, and generating superior risk intelligence. Organisations are building infrastructure to allow rapid implementation of insights, establishing an appropriate operating model to scale data-driven use cases, fostering a strong data culture, and orchestrating an open-data ecosystem.
Find out what concrete steps your organisation can take today to become data-powered.