Insurers are well-acquainted with large-scale data collection. For decades, the industry has gathered policyholder data to determine price and risk, including everything from personal information to credit score – assets that can translate into real business value.
But the challenge lies in the tremendous volume of data insurers collect, and an aging data architecture that struggles to produce and use that data in a way that drives better business outcomes. Time and necessity have resulted in decentralization, duplication and variation of data crucial to the future of the organization. The resulting lack of clarity can stunt innovation and cloud critical strategic decision making.
At Centric Consulting, we understand that the intersection between Insurance and Data & Analytics can be complicated. But with our data warehouse solution, it doesn’t have to be.
Designed by a team with over a century of collective industry experience, our Insurance Analytics Platform is a pre–engineered, value-driven analytics solution powering the business insights that drive premium growth, retention and operational efficiency.