Data Vendors in Insurance: A Snapshot
This report provides a high‑level categorisation of IT vendors having an offering in the data space for insurers. It profiles 41 IT vendors and categorises them using six categories Celent has defined: data storage; data quality; reporting; data visualization; artificial intelligence; and advanced analytics.
Celent has released a new report titled Data Vendors in Insurance: A Snapshot. The report was written by Nicolas Michellod, Craig Beattie, and Mohammed Mahfuz, Analysts in Celent’s Insurance practice.
Data has become an important topic in insurance, and we have seen the emergence of many firms focusing on data-related technologies in the past few years. Following a screening of the vendor market, we have been able to identify a list of more than 150 vendors that are active in the data space today.
Celent has identified more than 150 vendors active in various data categories and serving financial services firms. This report profiles 41 vendors. Some vendors focus on specific data technology categories while others try to provide support in all range of technologies.
“It can be difficult for insurers to navigate the data vendor landscape because many new players are entering the market,” says Michellod, a Senior Analyst.
“Going forward we think we are going to see more vendors focusing on artificial intelligence to help insurers in various business domains but it seems currently there is traction in the customer engagement and interaction space, especially around robo advisors and chatbots,” says Beattie, a Senior Analyst.
Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].
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Table of Contents
An Overview of the IT Vendor Spectrum
Hewlett Packard Enterprise
Lexis Nexis Risk Solutions
Moore Stephens Business Solutions
Munich Re Automation Solutions
NTT Data Services
Universal Conversion Technologies