data analytics Archives - Carrier Management

Automation, Analytics Behind Proactive Approach to Insurers Facing Hurricane Losses

A new report by Insurity, a cloud-based software provider for insurance carriers, brokers and MGAs, highlights the best practices insurance organizations can implement to move away from a reactive ...

The Hidden Impact of COVID-19 on Auto Rate Adequacy

The market for auto insurance is experiencing significant change. In addition to adapting to a virtual operational environment and other uncertainties that emerged from the COVID-19 pandemic, auto ...

The Insurance Data War: How Old and New School Can Live in Harmony

Old school vs. new school. Every so often, a debate echoes down the corridor of time as the disrupters of the status quo burst on the scene with novel ways of doing things, while the established ...

Underwriting Wildfire Risk

The 2021 California wildfire season continued the worrying trend of more extreme fires than the historical norm. As of December 12, 8,786 wildfires had destroyed over 2.5 million acres, about 1 ...

Former Tesla Exec Joins Metromile as Head of Data Operations

Metromile hired former Tesla executive Colleen Qiu as its new vice president and Head of Data, representing another recent high-profile executive hire from outside the insurance industry. In May, the ...

Data Analytics Startup Confianza Makes Its Debut

Confianza has launched – a new data analytics company focused on smaller insurers. Two insurance industry veterans are behind the New Mexico company's launch. One co-founder – Jeffrey Glazer – ...

CoreLogic Examines Unsolicited Acquisition Bid

Data and analytics firm CoreLogic disclosed it has received an unsolicited acquisition bid from an investment firm and hedge fund. Cannae Holdings and Senator Investment Group offered to acquire all ...

CyberCube Analytics Pulls in $35M Financing, With Plans to Broaden Marketing Efforts

CyberCube Analytics, a cyber risk analytics startup focused on the insurance industry, pulled in a $35 million financing to help fuel further growth. The San Francisco-based InsurTech said it will ...

P/C Insurers Can Benefit From Increasingly Sophisticated Data Analytics Technology

There has never been a better time for P/C insurers to use data analytics as a tool to expand their underwriting reach into new markets and risk classes, Swiss Re said in its latest sigma report. The ...

Text Mining Illustrative Example

The clearest insurance application in text mining is in the claims department. Each claim, especially those that involve bodily injury, can be complex, resulting in a large volume of reports and ...