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Novarica: Insurers Show More Interest in BI Solutions

Staff Writer | January 04, 2017

Insurers continue to show growing interest in business intelligence implementation to improve data and analytics capabilities. Nevertheless, despite continued plans for devoting budget and staff resources to expanding BI use, most insurers have implemented only basic capabilities. In its latest Novarica Market Navigator report, research and strategic advisory firm Novarica outlines the current market for business intelligence solutions to help insurers understand their options.

"While implementing business intelligence solutions continues to be a top insurer priority, many carriers struggle with some common roadblocks," says Tom Benton, vice president of research and consulting at Novarica, and co-author of the report. "These might include multiple core systems with silos of data, questionable data quality or completeness in older systems, a policy view rather than a customer view, and a lack of formal data governance and data definitions." 

The report provides detailed, multi-page profiles of 21 vendor solutions that include information on each vendor's capabilities, technology, and market position. 

 


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