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      REPORT
      Analytic Strategy Execution – P&C Insurer Practices and Priorities
      North America Property and Casualty Edition
      25th May 2020
      //Analytic Strategy Execution – P&C Insurer Practices and Priorities

      Data, AI, and cloud are growing areas of IT and business emphasis across the world. These trends are accelerating now especially as digitization and no-contact, no-cash transactions grow due to COVID-19. This survey focuses on data and analytics for Property and Casualty insurers in North America. A special question for COVID-19 was added to see how executives were thinking about their data, AI, and cloud priorities.

      The objective of the survey presented here is to:

      • Understand what is important to get value from data.
      • Define key risks to realizing that value.
      • Identify new types and sources of data.
      • Identify new types and sources of computation and analytics.
      • Learn how companies manage teams and organizational structure.

      The report concludes:

      • Data and analytics are a competitive advantage that makes it easier to do business, make better decisions, and know customers to improve the customer experience.
      • The key challenges to the successful use of data include poor data governance, competing priorities with modernization efforts, and lack of a data-driven culture.
      • Other findings are inside the report.
      Details
      Geographic Focus
      North America
      Horizontal Topics
      Artificial Intelligence, Data & Analytics, IoT / Telematics
      Industry
      Property & Casualty Insurance