The Ultimate Guide: How will Data Analytics Transform the Insurance Industry in 2023
Published on May 04, 2023 With the insurance value chain becoming more connected, insurers are able to gain a better understanding of consumer persona as well as gain a competitive advantage in the market. A recent Gartner report found that enhancing the customer experience and operational excellence is the new driving force for a majority of insurance digitalization initiatives in 2023. Data enables carriers to collaborate with their customers and generate real-time feedback for value-added business solutions. To effectively execute business strategies, insurers are taking actionable data insights into consideration. And the answer lies in maturing analytics and getting actionable insight faster and more accurately. Let's explore the ways data analytics will positively shape the insurance industry in 2023 . Introduction to Data Analytics in Insurance The technological landscape changes across industries are also impacting ...