Anastasia Olshanskaya

Insurance companies have to transform their process to digital first. The key is toadopt solutions around a new electronic content management system that analyzes data across structured and unstructured sources, to present meaningful insights for faster and accurate business decisions.

Insurance companies must embrace social media and other digital channels to achieve customer centricity, uphold data privacy and innovate new products. Here’s what’s at risk if you don’t.

Insurance companies gain competitive advantages when they use a golden record; a single, congruent view of customers to manage customer, risk and operations data. Find out how.

Recent global research by MIT’s Sloan Center for Information Systems Research found that firms that “share business technology across units and departments grow faster and have lower costs than rivals that don’t do it as much. By taking advantage of what they already do well, these firms can devote more energy to real innovations.” And this is exactly what insurance companies are struggling with – bringing new products to market and catching up with digitally-demanding consumers.

Click here to read about our pick’s for the top five blogs in the financial space. MarkLogic is up to date with today’s top industries.

Does your GRC strategy include moving data out of silos and incorporating content from traditional sources as well as social media? If you want to reduce risk and gain a complete view of your customer, here’s why it should.