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Of vital importance to this sector, business intel and modeling processes are moving away from Excel-based data crunching into more sophisticated systems, such as AI and machine learning, Novarica reported.  <i>(Credit: metamorworks/Shutterstock)</i> Of vital importance to this sector, business intel and modeling processes are moving away from Excel-based data crunching into more sophisticated systems, such as AI and machine learning, Novarica reported. (Credit: metamorworks/Shutterstock)

Coming out of a prolonged soft market, reinsurers are now operating through an unpredictable business cycle, according to market researcher Novarica, which noted this has prompted a focus on technology investments around core systems, modeling and business intelligence.

Of vital importance to this sector, business intel and modeling processes are moving away from Excel-based data crunching into more sophisticated systems, such as artificial intelligence and machine learning, the market researcher reported.

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Steve Hallo

Steve Hallo is an assistant editor with PC360 Group. Prior to his current position, Steve spent nearly a decade covering retail transformation, consumer trends, manufacturing issues and supply chain challenges impacting global CPG markets. He can be reached at [email protected], and on LinkedIn and Twitter.  

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