Big Data News
P/C Insurers See Wide Uses for Predictive Analytics: Willis Towers Watson
Property/casualty insurers plan to drastically widen their use of predictive analytics over the next two years to expand and grow their operations, a Willis Towers Watson survey has found. What's ...
Welcome to the Future
Some observers have called 2015 "the year the future arrived" for the insurance industry. After close to a decade discussing the potential disruptive effects of big data, wearables, the Internet of ...
Insurers Ramp Up Wider Big Data Embrace for 2016: Novarica
Insurers appear ready to accelerate their embrace of big data, analytics and other aspects of emerging technology as they head into 2016, Novarica concluded in its third annual report on the matter. ...
The Growing Controversy Over Price Optimization in Insurance
The use of price optimization in insurance pricing is drawing increased attention and could be the next big industry battle. Or it could not be. Consumer groups and a growing contingent of states are ...
How Much Insurance Does an Insurer Need? Data Analytics Transforming Carrier ERM
Big data and analytics are driving a transformation in insurance purchasing decisions, and insurance company chief risk officers are among those being impacted by the wave of change. Carriers are ...
Slowly But Surely, Insurers are Turning to Mobile and Big Data
Insurers are increasingly investing in new technology areas such as mobile and big data along with the usual legacy system updates, Novarica found in its latest annual study of U.S. insurer IT ...
‘B’ Is for Behavioral: What Big Data Means for Insurance
Big data is one of the signature issues of our time—and also one of the more poorly understood. Discussions of the topic often are clouded by what I call the "two dogmas of big data." The first is ...
Novarica: Big Data Not Yet Major Priority With Most Insurers
While big data is becoming increasingly important to insurers, it is not yet a major priority with most carriers, Novarica concluded in a new technology report. "Insurers have gotten somewhat more ...