Data analytics and more specifically Predictive Analytics find usage in all key areas of success for insurers.

Along with Data Analytics, when all the other new-age technology innovations such as Big Data, Cloud and Telematics are harnessed together to deliver a service, the possibilities of sophistication are endless. In this section we take a telescopic gaze at a future scenario where Data Analytics play a pivotal role, first by proactively trying to minimize the possibility of a risk event and hence reduce claims/loss ratio and also secondly, by improving degree of automation in operation to reduce combined ratio.

By making meaning from the digital information that surrounds people, organizations and devices, businesses can create unprecedented levels of value. Think for a moment about your personal mobile and computing gadgets. Now think about all the things you do with them: connect with friends, play games, manage your money, read books, work, watch movies, listen to music, monitor your fitness, get directions, buy any number of products, and so on.

As part of its drive to make Co-Creation/Open Innovation more widely known and understood, Cognizant is polling the views of Swedish decision makers.