Insurance organizations are encountering change more rapidly than ever, and that creates an enormous amount of risk. (Photo: wifesun/Adobe Stock) Insurance organizations are encountering change more rapidly than ever, and that creates an enormous amount of risk. (Photo: wifesun/Adobe Stock)

The insurance industry has entered the next stage of digital transformation. Carriers that utilize the right tools can properly collect and store their data and, from there, equip themselves with the insights to make smarter, data-driven decisions.

These insights and the ever-increasing importance of analytics can help carriers stay on top of risk, directing them to key areas on which to focus. With technology set to continue as one of the biggest industry trends going forward, it’s important to know what this means for carriers.

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