data and analytics News
COVID Fallout: Insurers Must Address Evolving Small Business Risks
During the past 18 months, the COVID-19 pandemic has wreaked havoc on thousands of U.S. small businesses and created unprecedented challenges for them as well as for their insurers. Amid numerous ...
Mining for Gold: Overcoming Challenges to Unstructured Text Data
Artificial intelligence (AI) is undeniably changing the insurance industry. Carriers are justifiably enthusiastic about the opportunities for improved efficiency and cost savings. Unfortunately, the ...
EMC Insurance Invests in MākuSafe, a SaaS Startup That Can Help Spot Workplace Risks
"MākuSafe," a Software as a Service (SaaS), data and analytics startup, has raised a seed financing round of nearly $3 million. The company bills its technology as a way to help identify workplace ...
Insurance, Banking CFOs Are Becoming Key Players in Their Companies’ Digital Transformation: Accenture
Chief financial officers at insurers and banks are increasingly important to their companies' digital transformation, according to a pair of new research studies from Accenture. The studies, one for ...
Fitbit Needed: John Hancock Moving Fully to Interactive Life Insurance Dependent on Devices
John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health ...
How Data Analytics Can Enhance the Customer’s Claim Experience
Claims form the core of the relationship between insurance companies and their customers. Every claim is an opportunity for insurers to demonstrate their value, strengthen customer loyalty and boost ...
Taming the Data Storm: Business Strategy for Specialty Insurers
Harnessing data effectively is the specialty insurance sector's next great evolutionary step. Success in underwriting will soon demand that carriers strategically tap into the enormous pools of data ...
American Family Beefs Up Data/Analytics Capabilities With Networked Insights Acquisition
American Family Insurance has purchased a data and analytics software company in a move it said will help accelerate its digital transformation. Financial terms were not disclosed for American ...