Insurers' decisions often made in silos, study finds
United States, Nov. 14 -- A global survey of insurance industry leaders reveals that many say they are making decisions for their business in isolation, with limited awareness of the broader consequences. The study from Risk.net and sponsored by data and analytics leader SAS found a number of indicators that insurance decision makers are often working in silos - whether by choice or due to obstacles within their organizations.In Breaking Silos: Agile Insurance in an Uncertain World, nearly 4 in 10 respondents (38%) said they aren't sure their organization has a comprehensive, real-time view of risks, revenue and costs. The survey is not without encouraging findings: 85% of respondents say their organizations have a clear vision and strategy...
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