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Sep 04 2015

How insurers can take a giant leap forward with big data

Oh, how times have changed during my 20-plus years in the insurance industry. Data wasn’t a word we used much back in the 80s and 90s, unless of course you worked in those arcane and mysterious IT data centres.

Even amidst the computerisation of the insurance industry in the 80s, many policy documents and related files were still paper-based. In those days the data being captured came from the company’s own staff and was keyed into a mainframe terminal. The most sophisticated ones received a bordereaux file from their insurance brokers, transferred through a kind of electronic data interface or courier process – and more often than not this was just a floppy disk received in the post.

Read the full article at: blogs.sas.com

This was a terrific read. 

Written by Acme · Categorized: Big data

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