Big Data News
P/C Insurers See $ in IoT, Smart Home Tech; Limited Data Access Hampers Potential
Internet of Things and smart home technology offer significant growth potential for property/casualty insurers, but data access limits could restrict how big the boom becomes, according to a new ...
Insurers Risk Triggering Government Regulation Without Responsible Big Data Usage: Fitch
For insurers, the new world of big data and analytics is one that's relatively unregulated. With that in mind, executives would do well to use these technologies responsibly so they don't stimulate ...
Large, Tech-Savvy Insurers Will Excel With Big Data; Smaller Carriers Face Struggles
The insurers that will best incorporate data analytics into their daily operations have multinational scale and are already technology savvy in their underwriting practices, Fitch ratings concluded ...
Successful IT Transformations Need CEO Vision, Follow-Through, Ambitious Targets : McKinsey
Insurance carriers pushing for a digital transformation in their operations won't go anywhere without the vision, follow-through and commitment of their CEO and senior leadership team. McKinsey & ...
Too Smart to Fail: How AI Will Benefit Customers and Claims Pros
As artificial intelligence continues to improve, it offers a wide range of new possibilities for the insurance industry. Machines can quickly analyze huge swathes of data. They can apply complex ...
More Insurer CFOs See Big Data as Helping Them With Growth Goals
Nearly 70 percent of insurer CFOs see pursuit of new growth, market expansion or an M&A deal as a significant priority, making it their top business driver, according to a 2016 EY survey of ...
Telematics, Autonomous Vehicles Could Jumpstart a Struggling Commercial Auto Sector: Conning
Commercial automobile insurance has been a trouble spot in the industry in recent years, and a multitude of factors have combined to create the problem. But technological changes such as driverless ...
P/C Software Company Duck Creek Technologies Makes an Acquisition
Duck Creek Technologies, a tech outfit that provides cloud services and software for the property/casualty industry, has made an acquisition in a bid to broaden its product offerings. The Boston, ...