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Changing Insurance Business Models: Getting More Value From Your Data
Historically, insurance providers have operated in an environment of data scarcity. Today, though, more data is being generated than ever before while connected technologies have exploded. To succeed in this new marketplace, insurers have to rethink their value propositions and business models in the context of digital and big data.
In this session Digital Insurance and GoodData discuss how innovative insurers are harnessing big data technologies to establish new models that affect how an insurer transacts business with its entire distribution chain.
Topics discussed include:
- The barriers and challenges facing insurers when it comes to data, and how to overcome them
- The keys to extracting value from multiple and disparate data sources
- How real-world companies are embracing digitization to deliver new data-driven products and offerings that are increasing differentiation and increasing profitability
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