Search
 

InsurTech Center

Expert Opinion

How insurers can unlock historical data for business growth

Discover how to better leverage historical data to forecast trends and enhance the bottom line.

By Joe Gaska | August 31, 2021 at 03:30 AM
Simply reclaiming ownership of historical SaaS app data allows organizations to enable authorized access to it from any place at any time and, in turn, reuse it to better serve customers and drive business forward. (Credit: Cifotart/Adobe Stock) Simply reclaiming ownership of historical SaaS app data allows organizations to enable authorized access to it from any place at any time and, in turn, reuse it to better serve customers and drive business forward. (Credit: Cifotart/Adobe Stock)

To many insurance professionals, the phrase “backup data” conjures thoughts of regulatory compliance and risk mitigation. While it’s true that backup data is essential for these efforts, it also holds the key to business growth — something insurers don’t typically associate with backup and, therefore, miss out on.

Backup data is a living record of a company’s entire history. This historical data can lead to insights into business and market trends that help propel success. After all, understanding what’s happened in the past is the best way to prepare for the future.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.