{"id":502376,"date":"2022-01-27T08:12:00","date_gmt":"2022-01-27T08:12:00","guid":{"rendered":"https:\/\/www.capgemini.com\/?post_type=research-and-insight&#038;p=656881"},"modified":"2024-12-31T09:26:55","modified_gmt":"2024-12-31T09:26:55","slug":"the-data-powered-insurer","status":"publish","type":"research-and-insight","link":"https:\/\/www.capgemini.com\/ch-en\/insights\/research-library\/the-data-powered-insurer\/","title":{"rendered":"The data-powered insurer"},"content":{"rendered":"\n<header class=\"wp-block-cg-blocks-hero-reusable is-style-blue-line header heroReusable  \"><div class=\"header-bgs\"><picture><source srcset=\"https:\/\/www.capgemini.com\/dk-en\/wp-content\/uploads\/2022\/01\/Capgemini_Research-and-Insights_The-data-powered-insurer.jpg?w=2880&amp;quality=70 1x, https:\/\/www.capgemini.com\/dk-en\/wp-content\/uploads\/2022\/01\/Capgemini_Research-and-Insights_The-data-powered-insurer.jpg?w=2880&amp;quality=70 2x\" media=\"(min-width: 1500px)\"\/><source srcset=\"https:\/\/www.capgemini.com\/dk-en\/wp-content\/uploads\/2022\/01\/Capgemini_Research-and-Insights_The-data-powered-insurer.jpg?w=1440&amp;quality=70 1x, https:\/\/www.capgemini.com\/dk-en\/wp-content\/uploads\/2022\/01\/Capgemini_Research-and-Insights_The-data-powered-insurer.jpg?w=2880&amp;quality=70 2x\" media=\"(min-width: 992px)\"\/><source srcset=\"https:\/\/www.capgemini.com\/dk-en\/wp-content\/uploads\/2022\/01\/Capgemini_Research-and-Insights_The-data-powered-insurer.jpg?w=1024&amp;quality=70 1x, https:\/\/www.capgemini.com\/dk-en\/wp-content\/uploads\/2022\/01\/Capgemini_Research-and-Insights_The-data-powered-insurer.jpg?w=1024&amp;quality=70 2x\" media=\"(min-width: 768px)\"\/><source srcset=\"https:\/\/www.capgemini.com\/dk-en\/wp-content\/uploads\/2022\/01\/Capgemini_Research-and-Insights_The-data-powered-insurer.jpg?w=768&amp;quality=70 1x, https:\/\/www.capgemini.com\/dk-en\/wp-content\/uploads\/2022\/01\/Capgemini_Research-and-Insights_The-data-powered-insurer.jpg?w=768&amp;quality=70 2x\" media=\"(min-width: 0)\"\/><img decoding=\"async\" src=\"https:\/\/www.capgemini.com\/dk-en\/wp-content\/uploads\/2022\/01\/Capgemini_Research-and-Insights_The-data-powered-insurer.jpg\" class=\"header-img header-img-d\" alt=\"\" style=\"object-fit:cover;object-position:49% 73%\" loading=\"eager\"\/><\/picture><\/div><div class=\"heroPictureCardHeaderShape\"><\/div><div class=\"container\"><div class=\"row\"><div class=\"col-md-12\"><div class=\"box\"><div class=\"boxTagWrapper\"><div class=\"tagInfo\"><div><span class=\"box-tag\">Data and AI<\/span><\/div><\/div><div class=\"brandInfo\"><div class=\"brandLogo\"><img decoding=\"async\" loading=\"lazy\" src=\"\/wp-content\/themes\/capgemini2020\/assets\/images\/capgemini-research-institute.svg\" alt=\"capgemini-research-institute\"\/><\/div><\/div><\/div><div class=\"box-title\"><h1 data-maxlength=\"34\">The data-powered insurer<\/h1><\/div><h2 class=\"reasearchInsightTitle\">Unlocking the data premium at speed and scale<\/h2><div class=\"inner-row-insight download-btn\"><div class=\"col-md-4 downloadFiles \"><a class=\"button-download--small\" type=\"download\" href=\"https:\/\/www.capgemini.com\/dk-en\/wp-content\/uploads\/2022\/03\/Infographic_Data-Masters-in-Insurance_Final-1.pdf\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"opens in a new window\"><span>Download Infographic<\/span><span class=\"type\">823 KB  pdf<\/span><\/a><\/div><div class=\"col-md-4 downloadFiles \"><a class=\"button-download--small\" type=\"download\" href=\"https:\/\/www.capgemini.com\/dk-en\/wp-content\/uploads\/2022\/03\/Data-Masters-in-Insurance_FINAL_WEB-1.pdf\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"opens in a new window\"><span>Download report<\/span><span class=\"type\">9 MB  pdf<\/span><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/header>\n\n\n\n<section class=\"wp-block-cg-blocks-group undefined section section--article-content\"><div class=\"article-main-content\"><div class=\"container\"><div class=\"row\"><div class=\"col-12 col-md-11 col-lg-10 offset-md-1 offset-lg-1\"><div class=\"article-text article-quote-text\">\n<h3 class=\"wp-block-heading\" id=\"h-for-insurers-data-is-the-key-to-success\">For insurers, data is the key to success<\/h3>\n\n\n\n<p>Data is a mainstay for insurance organizations, but becoming data-powered is easier said than done and competition from InsurTechs is on the rise. So, how can insurance organizations transform into data-powered enterprises? We wanted to find out.<\/p>\n\n\n\n<p>For the latest Capgemini Research Institute report, <em>The data-powered insurer: Unlocking the data premium at speed and scale<\/em><em>, <\/em>we surveyed over 500 insurance executives at 204 insurers with over $1bn in annual revenue, and found that data masters who make the best use of data are already winning market share, improving key ratios, and generating superior risk intelligence.<\/p>\n\n\n\n<p>To achieve this level of data mastery, insurance organizations should build the infrastructure to allow rapid implementation of data-derived insight, establish an appropriate operating model to scale data-driven use cases, foster a strong data culture across the organization, and orchestrate an open-data ecosystem.<\/p>\n\n\n\n<p>Those that succeed will reap massive rewards, even as they work towards their end-goal. To read more about our recommendations and find out what concrete steps your organization can take today to become data-powered, <a href=\"https:\/\/www.capgemini.com\/dk-en\/wp-content\/uploads\/2022\/01\/Data-Masters-in-Insurance_FINAL_WEB.pdf\">download the report<\/a>.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"<p>Data is a mainstay for insurance organizations, but becoming data-powered is easier said than done and competition from InsurTechs is on 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