No one likes to think of their company as being behind the technology curve, but those insurers operating without benefit of an advanced analytics system are doing exactly that.
Scott Diekmann has a simple explanation for why his company, Premier Prizm, is currently in the process of installing an analytics system it licensed from Innovation Group.
"We are changing our analytics approach from putting numbers together and passing them to someone to figure out what the problems are and how to fix them—to this system that will tell [business users] where a problem is that needs to be fixed. This aligns with the industry moving from a reactive to a proactive mindset," says Diekmann, business analyst for Premier Prizm.
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