Insurers Have a Big Appetite for Data, But Are Slow to Digest

With more data sources becoming available, business functions across the organization are realizing the value they can gain from a deeper understanding of the customer. This is clearly not an “IT-thing” or a top-down initiative. In 91% of the companies surveyed, each business function is responsible for data acquisition for its own models.

Homeowners Insurance Ratemaking Approaches Survey 2014 [Infographic]

In a recent survey conducted jointly with Verisk Insurance Solutions, we asked 99 insurance professionals about their best practices in ratemaking approaches specifically regarding homeowners coverage in the US and Canada. It’s no secret that Homeowners business has historically taken a back seat to the Auto business for insurance carriers when it comes to profitability…

Driving Customer-centricity Through Predictive Analytics

I want to take a brief moment to introduce myself. I’m Frank Bria, Principal & Owner of Bria Strategy Group.  Until recently I was the Sr. Director of Banking Solutions with Earnix. My role was to meet with banking customers and prospects to discuss their challenges in making profitable customer-centric decisions, like marketing and pricing, and…