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The Importance of Developing a Data Strategy

May 20, 2020, 06:37 AM
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Summary : The buzz around big data is as loud as ever, but life and health insurers report mounting pressure to define a strategy and deliver a return on investment. Many are struggling.
Video URL : https://player.vimeo.com/video/413298285
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The buzz around big data is as loud as ever, but life and health insurers report mounting pressure to define a strategy and deliver a return on investment. Many are struggling.

 

It can be tempting to make the mistake of classifying data strategy solely as an information technology (IT) function. But transforming a collection of initiatives into a successful data and analytics program requires more than efficiently managing ones and zeros.

A true strategy should enable a carrier to maximize business value from data, says RGA's Jordan Durlester. Contact us to learn more about data analytics capabilities or discuss techniques to develop an effective data strategy in your organization.
 
This video was developed in conjunction with actuview, the first permanent international media platform for actuaries (www.actuview.com). actuview content reflects contributions from actuarial institutions, corporate partners and industry professionals. RGA is actuview’s sponsoring partner.
 
See also: The Art of (Data) War


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This video was developed in conjunction with actuview, the first permanent international media platform for actuaries (www.actuview.com). actuview content reflects contributions from actuarial institutions, corporate partners and industry professionals. RGA is actuview’s sponsoring partner.

Knowledge Center Categories : Data Science
Knowledge Center Tags :
  • AI
  • artificial intelligence insurance
  • big data
  • Big data privacy
  • consumer data use insurance
  • credit data
  • data based scoring
  • data privacy protection insurance
  • Durlester
  • Jordan Durlester
  • predictive modeling insurance
  • underwriting scoring
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