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Insurance Companies Missing Out on Big Data's Value

January 12, 2016View for printing

Only a small percentage of insurance companies are all in on big data, according to a recent study released by tech strategy research firm Novarica.

Insurers widely recognize big data as the future of the industry, enhancing the way they acquire information through variant sources as opposed to just traditional databases.

But in a survey of 116 chief information officers and IT executives, Novarica found a lack of overall knowledge about big data has both life and P&C insurers confused about how to properly leverage it.

Danni Santana

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