Raising returns on analytics investments in insurance

In an era of narrow margins and slow growth, insurers’ need to invest in analytics has never been greater. A few thoughtful initiatives can accelerate the analytics journey.

Leading insurers are using advanced analytics to tap into both existing and new troves of data, in an effort to unlock value across products and Business functions. In a recent McKinsey survey, data and analytics leaders at global life and P&C carriers reported that they were investing as much as $80 million per year in data analytics, and nearly all planned to invest more in 2017.



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