The June 2023 report features 13 award-winning insurer data initiatives from 65 submissions, highlighting three main trends. Large insurers are prioritizing cloud data environments to manage high data volumes and enforce governance best practices. AI and machine learning are increasingly used for decision-making and cost savings, improving claims severity detection and new business assessment. Enhanced data and analytics capabilities are enabling automation of processes such as loss-run ingestion, submission intake, and transaction clearance, streamlining operations and boosting efficiency .

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