Business Analytics Insights
How does your insurance organization rate when it comes to business analytics? Are you still trying to get your data house in order, or are you a leader amongst your peers using predictive analytics for risk selection and fraud detection? Regardless of your position, the demand for enabling the rich data assets continues to grow. Whether through improving the customer experience, gaining insight into performance management, or through better compliance and risk management–smarter, faster decisions at every level of the organization are necessary to complete in today’s market. We have a wide range of insurance-specific experiences resulting from the services we have provided in support of numerous organizations in their efforts to make analytics work harder across their business–predictive analytics, customer transformation, salesforce effectiveness, distribution strategy, underwriting, and claims excellence.
Insurance CFO as strategic partner
Today, the role of the CFO is under greater scrutiny than ever before. While CFOs are well-positioned to drive additional value across the enterprise, many are challenged with reporting requirements, cost containment, and risk management.
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Life and Annuity Insurance: Step up or be sidelined
To survive and thrive, finance chiefs must address business challenges by championing and leveraging the unique lens analytics provides. As an enterprise’s analytical sophistication increases, its perspective evolves methodically from hindsight to insight to foresight. Along with prolific web, mobile, and social platforms come opportunities to uncover insight about customer behavior, reveal trends, and optimize the decision-making process.
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Analytics accelerator for insurance
Insurers are no strangers to the power of data. Some would argue that they pioneered the art of analytics, in fact. But the explosive growth of data—and of the analytics technologies and capabilities that can be used to transform it into insight—has proven difficult to keep up with, even for the most sophisticated analytics-driven organizations.
That’s one reason why Deloitte created the Analytics Accelerator for Insurance—a targeted package of business intelligence tools, data models, and advanced capabilities focused specifically on the data challenges faced by insurers. The Accelerator does the hard work of pulling together the most advanced tools into one intuitive, easy-to-use framework that can help insurers begin generating results now.
Early adopters speak out on cognitive and AI
What do the most aggressive adopters of AI and cognitive technologies report based on their efforts to date? On everything from the impact on jobs to their specific goals and exactly which technologies they're using and much more, 250 leaders shared their views on this important business development just as it takes hold in the broader business world.