Being in this field for years, SAP has developed the right tools in acquiring, collecting, analysing, and interpreting huge amounts of data. Apart from offering back office services to streamline operations of such a complex industry, SAP has also developed business analytics tools, which companies can use in building their future infrastructure for both existing and potential markets.
As global economies improve, companies in the insurance industry are setting out to establish a stable and efficient insurance infrastructure to continue to support the needs of a changing market. Opportunities will always be met with corresponding challenges and the only way for the insurance industry to literally insure itself is to put analytics at the forefront of decision making.
Robert Cummings is Global Head of Insurance at SAP
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