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The Cost of doing nothing
The Strategic Cost of Data Inefficiency in P&C Insurance
Digital Transformation Roadblocks
70% of insurers still reliant on legacy systems.
Legacy maintenance consumes up to 80% of IT budgets, stifling innovation.
Legacy maintenance consumes up to 80% of IT budgets, stifling innovation.
Data Integration Challenges
70% of insurers cite data integration as their primary tech challenge.
50-80% of data teams' time spent on preparation rather than analysis.
50-80% of data teams' time spent on preparation rather than analysis.
Financial Implications
Poor data quality costs large insurers up to $100 million annually.
Industry average: $12.9 million lost per year due to data issues.
Industry average: $12.9 million lost per year due to data issues.
Competitive Disadvantage
54% of insurers cited insufficient access to data as a top challenge.
Only 27% of insurers have advanced predictive modeling capabilities.
Only 27% of insurers have advanced predictive modeling capabilities.
Data Strategy Development
We work with you to develop a comprehensive data
strategy that aligns with your business goals and objectives.
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Data Visualization
Transform complex data into easy-to-understand visualizations that
drive actionable insights.
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Machine Learning & AI
Implement advanced machine learning and AI solutions to
automate processes and enhance decision-making.
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Data Governance
Ensure your data is accurate, secure, and compliant with industry
regulations.
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Data Conversion
We have completed over 100 legacy and platform to platform
migrations encompassing most major P&C platforms, Broker, and Agency Mgmt.
systems.
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Expertise: Our team of insurance data experts has been tackling data problems for
brokers and carriers for 20 years.
Flexible Engagement: We can consult on an hourly basis or project basis. And we
have accelerators that we can harness to speed the outcome.
Cutting-Edge Technology: We utilize the latest tools and technologies to ensure you
get the most out of your data.
Get Started Today
Unlock the full potential of your data with our Data Advisory Services. Contact us today to
schedule a consultation and discover how we can help you transform your business with data-
driven insights.