Leveraging The Power Of Data In Insurance

With Harry Storck From Protective Insurance

Harry Storck from Protective Insurance shares his expertise and insights about the power of data in insurance. Learn tips and tricks about how to leverage data and lead with innovation in the insurance industry.

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Leveraging the Power of Data

Are you curious about how data is transforming the insurance landscape? Join us for an insightful discussion on this week’s episode of the Insurtech Geek Podcast. We had the pleasure of interviewing Harry Storck, an esteemed professional from Protective Insurance. In this episode, Storck shares his expertise and sheds light on the profound impact of data on the insurance sector. Don’t miss out on this opportunity to gain valuable insights into leveraging data and driving innovation in the insurance industry.

The Limitations of Unstructured Data and the Importance of a 360° View

Storck emphasizes that relying solely on unstructured data, such as narrative or comment fields, is far from ideal. To make informed decisions, insurance professionals require a comprehensive 360° view of the risk at hand. By consolidating structured and unstructured data, insurers can gain a holistic understanding of potential risks, enabling them to make more accurate and effective decisions.

The Enhancing Productivity and Reducing Risks through Streamlined Processes

Storck highlights the significance of enhancing productivity in the insurance industry. By eliminating unnecessary steps and optimizing processes, insurers can improve efficiency and reduce risks. The integration of data-driven technologies and automation enables insurance professionals to be more productive while minimizing errors or oversights. This streamlined approach leads to better risk management and improved overall performance.

Unlocking Data Value: A Catalyst for Innovation

Tune in to the Insurtech Geek Podcast to discover how data can revolutionize the insurance landscape, and gain practical tips on leveraging data effectively to drive innovation and success.
Remember, as our host James Benham puts it, “When you make someone more productive, you eliminate steps that can also eliminate risks.” Tune in and join us to learn more about harnessing data power and transforming the insurance industry.