Large, Tech-Savvy Insurers Will Excel With Big Data; Smaller Carriers Face Struggles
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The insurers that will best incorporate data analytics into their daily operations have multinational scale and are already technology savvy in their underwriting practices, Fitch ratings concluded in a new report.
In other words, the carriers set to benefit most from the often-talked about big data revolution have the raw material and abilities to make it work in the first place.