Insurers Still Learning Analytics, But So Is Everyone Else

Big data analytics have caught the business world by storm, but it appears they haven’t reached the insurance world. If anything, most insurers have barely scratched the surface, according to a report from one consultancy. According to Bain & Company, one in three life insurers and one in five property/casualty (P&C) do not apply big data advanced analytics for any business function – including sales, marketing, underwriting, or claims. The survey covered 90 insurance carriers.