In search of the knowledge that can extract profits out of a staggering amount of available data, larger insurers have made implementing business intelligence (BI) tools a required course for IT and business units. Smaller carriers have been slower to apply this lesson, but as the amount of information increases exponentially, theyre realizing the time is now to graduate to a BI system.

By Robert Regis Hyle

Is business intelligence in your future? If you are a large insurance carrier, it likely already is part of your operation. Mid- and smaller-size insurers have been slower to get on board with it, but that could be changing. Its growing quickly, says Mark Schwartz, managing consultant with Accelerated Consulting Group. The majority of Fortune 500 companies are using it and are having success with it.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.