CTO / Technology
IBM $3B ‘Internet of Things’ Unit, Weather Co. Alliance to Benefit Insurers
IBM is investing $3 billion to build an "Internet of Things" division aimed at harnessing the massive trove of data collected by smartphones, tablets, connected vehicles and appliances and using it ...
XL Launching VC Initiative to Fund Innovation
XL Group has announced the creation of a new venture capital initiative, XL Innovate. XL Innovate will be financially backed by XL and will invest in companies that have a strategic focus on ...
Risky Snapshot Drivers May See Rate Hikes, Progressive Says
Progressive Corp., the fourth-largest U.S. auto insurer, said it will begin increasing rates for some risky customers who participate in a program that allows the company to electronically monitor ...
CNA, Aon, WING Host Women in Insurance Tech Event; SJU Leadership Event Next Week
Last week, CNA, Aon plc and the Women's Insurance Networking Group (WING) collectively sponsored the 2015 Voices Live Chicago Event supporting the growing role of women in insurance technology. The ...
Insurers Slow to Maximize Big Data Potential Despite Importance: Fitch Ratings
Big data will become increasingly important to insurer profitability in multiple ways in the coming years, and the industry is starting to comprehend its potential. But carriers have been slow to ...
Poor Data Infrastructure Adds to P/C IT Project Costs: Novarica
Poor data infrastructure is adding to the cost of property/casualty insurer information technology projects, creating a financial burden as analytics becomes more crucial to business, Novarica ...
Becoming Cyber Resilient: A Seven-Step Guide for Insurers
To effectively address cybersecurity issues and the myriad regulatory requirements taking shape, insurers should consider taking several steps. The seven steps set forth below are designed to move ...
Preparing a Comprehensive Cyber Incident Response Plan
Development of a comprehensive cyber incident response plan (CIRP) flows from completion of steps 5 and 6 in the accompanying article: performing the threat, vulnerability and impact assessment and ...