The rise of new distribution channels in the insurance market has led to increased price parity among providers. In response, insurers need to be able to differentiate themselves on the basis of the variety and quality of their product and services offerings. It’s essential that insurance companies are able to quickly deliver quotes and process claims, effectively manage risk, and comply with a wide range of regulatory requirements. The ability to harness the power of data is critical to understanding trends and risk exposure, streamlining processes, and delivering better overall customer service.