Insurers are, like many sectors, a victim of data and BI/Analytics silos inherited with different acquisitions over time.
See "Data and Analytics Silos are killing Insights & Decision Making"
No wonder many find it a challenge to share insights for better decision making over the enterprise. In some insurers over 80% of data in not only unanalysed, it's inaccessible.
See why and what to do about it- "Lighting up dark data".
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ackle the silo issue and the insurer will help overcome the analytics struggle.
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Though the Insurance industry has made significant strides in terms of data capabilities, it continues to grapple with the challenges of organizational access, and structuring to maximize the impact of analytics.
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