{"id":87725,"date":"2025-03-26T13:15:28","date_gmt":"2025-03-26T11:15:28","guid":{"rendered":"https:\/\/intellias.com\/?post_type=blog&p=87725"},"modified":"2025-10-15T12:02:59","modified_gmt":"2025-10-15T09:02:59","slug":"data-modernization-in-insurance","status":"publish","type":"blog","link":"https:\/\/intellias.com\/data-modernization-in-insurance\/","title":{"rendered":"Data Modernization in Insurance: The Key to Future-Readiness"},"content":{"rendered":"
To keep up with the market trends, insurance companies increasingly adopt digital technologies. Forrester<\/a> estimates that in 2025, the insurance industry\u2019s spending on technology, including data analytics and AI, will increase by 8%. A McKinsey survey<\/a> highlights a similar trend, reporting that more than half of respondents in the insurance sector expected generative AI to increase their business productivity by 10 to 20 percent.<\/p>\n In practical terms, insurance companies are transitioning from old (and sometimes outdated) legacy systems to modern digital platforms driven by data. In this post, we discuss why insurance data modernization is important, what benefits it may bring, which pitfalls await insurance companies on their digital transformation journey<\/a>, and how to overcome them.<\/p>\n Open digital horizons for your insurance business. Take advantage of our insurance technology consulting services.<\/p>\n Data modernization for insurance companies and transitioning from legacy systems to advanced solutions can resolve a number of problems:<\/p>\n Investing in cutting-edge data technologies and an effective data modernization strategy for insurance companies has many potential benefits, both short- and long-term.<\/p>\nWhy insurance companies must modernize their data<\/h2>\n
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Key benefits of data modernization in insurance<\/h2>\n