How does your data & analytics program stack up against insurance peers?
Insurance runs on data. It's the raw material for new and innovative insurance products as well as core processes, such as underwriting, risk, sales, marketing, and more.
It has never been more important for insurance companies to excel at generating insights and value with data and analytics. It is a great way to evaluate the maturity of your data & analytics program, prioritize areas for improvement, and benchmark against insurance peers.
The insurance benchmark assessment was tailored to meet the needs of insurance companies with unique filters and questions.
The assessment is sponsored by the Insurance Data Management Association (IDMA) and reviewed by an Oversight Board of insurance data and analytics executives.
No Cost to Participate
Anonymous and Comprehensive
12 categories, 44 subcategories, 248 questions
Categories
Business and Culture Data Analysis
Operating Model Data Science
Development Value
Data Governance Organization & Technology
Data Management Insurance-Specific
Business Intelligence Open-Ended
Online Assessment Report
Team-based and Collaborative
Team-Based & Collaborative
This is not a survey; it's a collaborative project geared to enterprise data & analytics teams in the insurance industry.
Before you start, you need to appoint a team lead who will coordinate your team's responses and submit the assessment. Then you need to contact us to obtain a link to take the assessment.
Allow 2 to 4 weeks for a team to complete the assessment, depending on the coordination approach. An individual can complete the assessment in less than one hour of uninterrupted time.
Insurance Industry Partner
IDMA members receive a 25% discount on Private Benchmark Workshops.
Insurance Oversight Board
The Insurance Oversight Board reviews assessment questions, models, and protocols and is instrumental in creating a valid instrument for benchmarking data & analytics capabilities. Click their name to read their bios.
Sandi Perillo-Simmons
Sr. Director, Enterprise Data Strategy & Governance
Cigna/Evernorth
Executive Committee, IDMA
Filters that respondents apply to aggregate data in the online report to select peer groups for benchmarking.
Insurance Filters
Primary Line - What is the primary line of business that your data & analytics team supports? (Select one)
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Enterprise - More than one below
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Commercial P&C
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Personal P&C
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Specialty P&C
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Life & Annuities
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Health
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Reinsurance
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Brokers/Agents
All Lines. Check all lines of business that your data & analytics team supports? (Select all that apply.)
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Commercial P&C
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Personal P&C
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Specialty P&C
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Life & Annuities
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Health
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Reinsurance
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Brokers/Agents
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Other
Revenues - What are the annual revenues of the primary line of business that your data & analytics team supports? (Select One)
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Very Large - $10B+ revenues
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Large - $5B-$10B revenues
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Medium - $1B-$5B revenues
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Small - $100M-$1B revenues
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Very Small - <$100M revenues
Primary Region - What is the primary region that your data & analytics team supports? (Select One)
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Global
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North America
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Europe
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Asia
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South/Central America
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Middle East/Africa
Representation - What part of the organization does your data & analytics team represent? (Select One.)
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The enterprise
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A business unit or division