InsurTech Magazine May 2022 | Page 104

With more automated processes to contend with than ever before , it ' s no wonder insurtechs are increasingly reliant on analytics technologies

Four reasons analytics platforms are driving insurtech

With more automated processes to contend with than ever before , it ' s no wonder insurtechs are increasingly reliant on analytics technologies

WRITTEN BY : JOANNA ENGLAND

Operating a successful insurtech takes a lot of work . Companies have to keep a number of proverbial plates spinning , from engaging with customers to building innovative products and handling claims processing with lightning speed .

Then there are risk assessments and technology updates to keep up with , as well as keeping the cybersecurity locked tight – and maintaining creativity when it comes to incentives and services . Selecting the right data analytics platform can be the difference between surviving and thriving , because it hones the information that can drive a business in the right direction .
104 May 2021