Skip to main content Skip to Footer

LATEST THINKING


Data monetization vital to insurers’ future success

OVERVIEW

Insurance companies will need to find new revenue sources or risk extinction as their traditional business models face disruption. Data monetization could be worth $6-8 billion of new annual profit for the industry.

Many insurers already hold vast amounts of data with unique insights that can be connected and enriched with external data sources to fuel new business models. But, to translate this information into profit they need to think beyond their traditional business models—and they need to act fast!

REGISTER TO DOWNLOAD THE FULL REPORT

REGISTER TO DOWNLOAD
THE FULL REPORT

TAKE A LOOK AT OUR INSURANCE BLOG FOR MORE INDUSTRY INSIGHTS FROM OUR INSURANCE MDS

"Data monetization could be worth $6-8 billion of new annual profit for the insurance industry. It will be a key success factor for insurers in the future."

WHAT MUST INSURERS DO?

To develop a vision for data monetization, insurers need to answer five key questions:


 
What is the market and business value potential?

What is the market and business value potential?

What use cases, data and insights will generate the business?

What use cases, data and insights will generate the business?

What ecosystem partnerships should be formed?

What ecosystem partnerships should be formed?

What capabilities are needed to deliver insights and use cases?

What capabilities are needed to deliver insights and use cases?

How should the business model and capabilities required be implemented?

How should the business model and capabilities required be implemented?

 

DOWNLOAD THE REPORT FOR RECOMMENDATIONS



AUTHORS