Big data puts stress on insurers’ aging IT infrastructures: Study

While many risk-bearers tout the ability to use their own data for the purpose of making better decisions in the areas of underwriting, pricing and fraud prevention, few truly have enough credible data to do such, nevermind the ability to paroperly measure its impact.  The ability to do such will quickly morph an industry shaped by 100's of years of tradition in ways noone could ever imagine.  One will never be able to replace the "art of underwriting", the science of it will take quantum leaps due to the ability to organize and analyze data like never before.  Be assured that the race is on with those that have enough data to prove such - one way or another..."

Business Insider: Click Here for the Full Article

Join the Conversation on Linkedin | About PEO Compass

The PEO Compass is a friendly convergence of professionals and friends in the PEO industry sharing insights, ideas and intelligence to make us all better. All writers specialize in Professional Employer Organization (PEO) business services such as Workers Compensation, Mergers & Acquisitions, Data Management, Employment Practices Liability (EPLI), Cyber Liability Insurance, Health Insurance, Occupational Accident Insurance, Business Insurance, Client Company, Casualty Insurance, Disability Insurance and more.

To contact a PEO expert, please visit Libertate Insurance Services, LLC and RiskMD.