- Video
Become a data-driven insurer
Harnessing the power of data propels insurers forward
As a tech leader, your mission is clear: Drive strategic change, foster innovation, mitigate risk, empower informed decision-making, and elevate customer experience.
For today's insurers, who must swiftly adapt to everything from escalating climate change to soaring customer expectations, achieving these goals is critical to ensuring long-term competitiveness and sustainability.
The key to unlocking that goal? Data.
As a global professional services and solutions firm delivering outcomes that shape the future of insurance, we're excited to unveil the 5 distinguishing characteristics that set data-driven insurers apart from those at the start of their transformation journeys:
- Collaboration between business and technology leaders
- Support for digital transformation from company executives
- A culture in which data, analytics, and cloud strategies are aligned with business objectives
- A trusted foundation of data
- Data-literate employees who use data to uncover valuable business insights
We're dedicating to shaping industry discourse and arming you with the insider advice and key industry insights you need to effectively harness the power of data empowering you to leverage applied artificial intelligence (AI) and generative AI solutions that propel your insurance business forward.
In this enlightening, five-part video series, we uncover the 5 characteristics that set data-driven insurers apart. Join Munich Re North America Life's vice president of data and adaptive intelligence, Dr. Lovell Hodge, PhD. Tune in as Dr. Hodge shares his hard-won insights on how to achieve each of these key milestones on your path to digital transformation success.
Driving collaboration in data-driven transformation
The backbone of any data-driven transformation journey lies in bridging the gap between tech and business teams to align goals, supercharge innovation, and set the stage for some serious breakthroughs across the board. Dr. Hodge explores how cultivating shared objectives and embracing a common language empowers both tech and business leaders to collaborate seamlessly and drive impactful transformation. Don't miss it!
Executive support for transformation
Getting executive support for data-driven digital transformation provides the necessary resources, direction, and credibility to drive meaningful change across the organization. Tune in to hear Lovell share his three important steps to gain executive endorsement for data-driven transformation:
- Quantify value
- Set clear objectives
- Achieve early wins
Strategy synergy
Imagine your tech strategy as a puzzle piece—it's crucial to fit it perfectly with your business goals to unlock the full potential of your company's vision. Dr. Hodge shares how to ensure alignment between your data, cloud, and analytics strategies and your company's business goals:
- Ask the tough questions
- Encourage a culture of curiosity
- Conducting formal reviews with senior leadership
Stay tuned for more expert advice from Munich Re North America Life's vice president of data and adaptive intelligence, Dr. Lovell Hodge, PhD, on how to: Become a fully data-driven insurer:
- Building a trusted data foundation: "One of the main obstacles to making data-driven decisions is the availability of data you can trust," says Dr. Lovell Hodge Acquisition, VP of Data and Adaptive Intelligence at Munich Re North America Life. Isn't it true? The holy grail in any organization is a trusted foundation of data. Tune in to hear Dr. Hodge reveal Munich Re's comprehensive data strategy, which ensures the right data gets to the right people at the right time.
- Empowering employees with data literacy. Discover the transformative impact of democratizing access to data and training employees to become data literate to foster a culture of data-driven decision-making.
Dr. Lovell Hodge, Munich Re's Vice President of Data and Adaptive Intelligence
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