Big Data News
Closing the Gap: How Small and Midsized Insurers Can Leverage the Power of Big Data
The "big data" buzz that dominates so much of the P/C insurance conversation these days may not be as uniformly useful as everyone thinks. In the majority of cases, the usefulness of big data hinges ...
AXA Strategic Ventures Invests in a French ‘Big Data’ Startup
AXA Strategic Ventures has made a $1 million investment in the French tech startup company Evercontact, a cloud service that extracts contact information in emails and shares and updates them ...
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 ...
Big Data and Insurance: Coming to a Supermarket Near You
If supermarket chains wanted to get in the business of selling property/casualty insurance, there is a source of consumer information they might tap to identify the best risks that most P/C actuaries ...
Industry Disrupters Will Cut Distribution, Dispute Resolution Costs, P/C Execs Say
Property/casualty insurance industry executives peering out into the future aren't singularly focused on capital providers as potential industry disrupters in the years ahead. Brian Duperreault, ...
Report: PC Industry Increasingly Embraces Big Data Analytics
North American property/casualty insurers have moved well beyond cautious dabbling into projects involving big data analytics. At the same time, they must find more employees with advanced degrees in ...
Big Data Increasingly Helps Insurers Spot Risks
Insurance companies are increasingly turning to "big data" from satellites, social media and even cigarette sales at gas stations to help identify risks and build up customer profiles. Insurers and ...