Date Added: Sep 2009
The crisis in the financial markets jolted the insurance industry awake to the realities and dangers of highly complex global systems and the need to respond to rapid fluctuations in market conditions. Insight into information from all corners of the operations of an insurance company has never been more important. With factors including increased competition, growing regulatory scrutiny and an increasingly demanding customer base, insurance company executives need to make better use of the data existing throughout their organizations. Turning data into an information asset and then employing it for timely, accurate and defensible decision-making is no longer a nice-to-have.