Technology & Analytics
AIR Worldwide Releases Cloud Environment for Cat Risk Platforms
AIR Worldwide, a Verisk Analytics business, has released a new cloud environment for its catastrophe risk management platforms Touchstone and CATRADER. The AIR Cloud offers the benefits and security ...
Predictive Model Monitoring: Signs That Your Model Needs an Upgrade
Predictive analytics has transitioned from exciting buzzword to a core component of a carrier's arsenal over the last few years—and its effectiveness is no longer in doubt. In fact, a Willis Towers ...
Blockchain and Disruptive Insurance Technology
Many insurance and reinsurance companies are focusing on operational efficiency to help sustain or increase profitability in the current, highly uncertain marketplace. Many of their processes and ...
The Latest Launches From Karen Clark, Allianz and Hiscox
Karen Clark & Co. has released the latest version of its RiskInsight modeling platform. Allianz is expanding its travel insurance through a partnership with a motorcycle rental/tour operator. ...
Deepening Automation and AI in Insurance
Insurers are increasingly under pressure to cut costs and offer better digital services to their customers. While core systems replacement and modernization activities close the gap to a degree, ...
Two Sigma Co-Founder Siegel: Machines Taking Over Human Jobs Worrisome
David Siegel, co-founder of $35 billion quantitative hedge fund Two Sigma, says he's "very worried" that machines could soon cost large swaths of the global workforce their jobs. "Most people in the ...
Forget Big Data—Try Focusing on Small Data
In their rush to jump on the big data bandwagon, many organizations have lost sight of a much simpler yet effective source of customer insight: "small data." Big data is about synthesizing, mining ...
Inside Travelers’ New Predictive Model: Targeting Chronic Pain, Opioid Use
In response to rising chronic pain claims, Travelers announced the development of a new patent-pending predictive model designed to identify claims and workers most at risk. The company, which ...