There is little debate that a strong analytics capability is foundational to a property/casualty insurer’s ability to price, underwrite, and adjust claims correctly in today’s highly competitive market. But what is arguably less recognized is the equally foundational requirement of accurate, timely, and relevant data on which an insurer’s analytics tools operate.
MSIG USA has launched an ambitious modernization effort centered on its Enterprise Data Platform (EDP). This initiative is a cornerstone of the company’s broader strategy to scale profitably and sustainably by harnessing and effectively utilizing data, streamlining operations, and embedding advanced technologies such as predictive analytics and artificial intelligence across the organization.
In the first year of this two-year Enterprise Data Platform initiative, MSIG USA successfully addressed and resolved many of these fundamental challenges and issues. This initiative’s achievements include: accelerated and insight-driven underwriting, enterprise-wide data accessibility, advanced reporting and analytics, a stronger and more profitable growth trajectory, and enhanced data quality and integrity,
With these accomplishments, MSIG USA has earned its status as a Legacy Transformation Model Insurer award winner.
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