Analytics

The Most Important Thing About Data and Analytics Is Not the Data

April 4, 2017 / by Andy Niver

Have you ever been promised that if you just had [fill in the blank] data, you could generate game-changing insights that would transform your insurance operations? If only it were that simple. Unfortunately, insights don’t come from simple osmosis by staring at your new reports and dashboards. That is a recipe for analysis paralysis, and…

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Two Magic Metrics for Profitable Agency Growth

September 22, 2015 / by ReSource Pro Editorial Team

Our very own Dan Epstein, CEO, ReSource Pro, was a recent guest on Monday Morning. Monday Morning is a mini-webinarseries hosted by insurance marketer George Nordhaus. On this episode Dan discussed two magic financial measurement concepts for use in increasing an agency’s profitability and growth: contribution per employee and premium-to-profit ratio. Typically agencies look at…

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Independent Agents and Brokers Dominate Market

April 28, 2015 / by ReSource Pro Editorial Team

Independent insurance agents and brokers remain the dominant force in commercial lines and rival direct writers and captives in personal lines, according to the 2015 Market Share Study by the Independent Agents & Brokers of America (the Big “I”). The study, based on market share and company expense data from A.M. Best Company, indicates that…

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Poor Data Infrastructure Inhibits Analytics

April 22, 2015 / by ReSource Pro Editorial Team

With the increased focus on analytics in all areas of the insurance industry, property-casualty insurers are facing serious challenges in achieving their analytics goals. Information technology leaders at large P&C insurers suffer with obsolete data infrastructure that inhibits analytics and adds an average of 25% to the cost of IT projects, according to a new…

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Managing by the Numbers

November 19, 2013 / by ReSource Pro Editorial Team

In early November ReSource Pro hosted our second Insurance Innovation Advisory Council event of the year. The theme was “managing by the numbers”. Speakers Jag Dalal and Ashwin Rangan shared insights and experiences about successfully managing by the numbers. The key to successfully managing by the numbers is to first know what we want to achieve.…

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