Insurance is a data business, yet most insurance leaders have very low confidence that their data assets can meet customer and competitive demands. Insurance technology leaders must address their data woes to ensure superior operating performance. They can do this by evaluating their current posture and by planning for data transformations that sharpen their organization’s risk expertise. This report examines insurance carriers’ data posture, its far-reaching and dire challenges and recommends actions technology leaders can take to systematically prepare for data transformation initiatives.