Insuranceciooutlook
Percipience: The Answer to Taking Full Ownership of Data

Top 10 Insurance Analytics Solution Companies – 2022

The use of analytics in insurance companies simplifies the decision-making of pricing strategies and risk selection so carriers can progressively deploy prescriptive methods of procuring deep insights from big data to ensure impactful outcomes. In the wake of COVID-19, insurers are realizing the significance of precisely predicting imminent changes and developing accurate “what-if” models. According to Willis Towers Watson, more than two-thirds of insurers credit predictive analytics with reducing issues and underwriting expenses, and 60 percent say the resulting data has helped increase sales and profitability.

From a day-to-day perspective, advanced analysts and IT departments implement data analytics to sync with recent technological expansions in the industry. Having a finger on the nerve of emerging trends allows insurance firms to identify the advancements they can capitalize on and streamline their product delivery strategies up to the demands of the current market. Looking ahead, predictive analytics is poised to enable insurers in forecasting events and gaining actionable insights into all aspects of their businesses, driving the creation of a market where data becomes an asset that can be the competitive edge needed to win out against contemporaries.

This edition of Insurance CIO Outlook presents some of the most promising insurance analytics solutions providers. The edition includes thought leadership articles from Marcus Knuth, Vice President-Enterprise Technology at Acuity Insurance, Chris Eberly, VP at Life IT, Lincoln Financial Group, and Marta Magnuszewska, Senior Director (VP) of Claims Analytics at Markel. It features the insurance data expert Percipience, which offers insurance data solutions on all three major public cloud offerings. It also showcases innovative companies like CLARA Analytics which is keen on building product platforms that are ML-driven, easy-to-use, and deliver high performance.

    Top Insurance Analytics Solution Companies

  • Percipience’s Data Magnifier represents a new generation of insurance data solutions and is the answer for insurance companies that want to take full ownership of their data. Designed uniquely for insurers, Data Magnifier is an end-to-end platform that is both a complete software solution and an accelerator to reduce the cost and risk for insurers that want to build.

    percipienceconsulting.com

  • Builds AI-driven applications for the commercial insurance industry

    claraanalytics.com

  • Athenium Analytics

    Athenium Analytics

    Athenium Analytics supports insurance carriers and financial traders worldwide with decisive and reliable business intelligence through intuitive, easy-to-use web applications. The company's innovative quality assurance software and analytics solutions provide customers with meaningful, timely and actionable information they can trust for deeper insight and better-informed decision making.

  • CyberCube

    CyberCube

    CyberCube delivers the world’s leading analytics to quantify cyber risk for the insurance industry. With best-in-class data access and advanced multi-disciplinary analytics, the company’s cloud-based platform helps insurance organizations make better decisions when placing insurance, underwriting cyber risk and managing cyber risk aggregation.

  • Holborn

    Holborn

    Holborn is an independent reinsurance intermediary committed to achieving our mission by reinvesting in our firm. The company delivers responsive account services, customized and proprietary analytics and global access to clients.

  • InsuredMine

    InsuredMine

    Insuredmine is an add-on to any Agency Management System - helping agencies consolidate multiple sales & marketing tools into an all-in-one solution to increase revenue and reduce operating costs.

  • Palantir Technologies

    Palantir Technologies

    Palantir Technologies is helping the world's most important institutions use their data to solve their most urgent problems. Palantir's software lets customers integrate and analyze all of their data so they can answer questions that they couldn't before. From delivering disaster relief to building safer automobiles, Palantir is honored to help make their partners better at their most important work.

  • SignOn.ai

    SignOn.ai

    Signon.ai is a cloud-based software & AI company. Founded in 2015 by stalwarts in the IT & Services industry, it provides Artificial Intelligence, Application Development, Digital Marketing, Analytics and also sells a complementary suite of enterprise applications focused on Customer Relationship Management CRM, marketing intelligence, Membership management.

  • Verisk Analytics

    Verisk Analytics

    Verisk Analytics is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services. The company is focused on making the world better, safer, and stronger. Verisk is a member of the UN Global Compact, the world’s largest corporate citizenship and sustainability initiative.

  • Waterstreet Company

    Waterstreet Company

    WaterStreet Company's property and casualty insurance software unifies third-party systems and tools into a holistic view to enhance customer service capabilities, improve operations, and reduce costs. The company's P&C insurance solutions and cloud-based software support insurance carriers, MGAs, and start-ups.