Underwriting & Pricing
Cloud Benefits: Understanding Terms
For carriers just getting started with cloud computing, terms like "lift and shift," "cloud native" and "cloud bursting" may be unfamiliar. Below, we define some common terms. Lift and shift is the ...
Are Insurance Carriers Ready to Jump Up Into the Cloud?
In increasing numbers, enterprises around the globe are adding public clouds to their technology portfolios. According to Forrester, adoption of public clouds by all types of business enterprises ...
Price Optimization or Price Discrimination? Regulators Weigh In
Insurers' growing use of predictive data analytics is predicated on enhancing operational efficiency, improving decision-making and offering more detailed pricing of products. It's that last practice ...
Commercial Drones Enter the World of Risk: ISO Analysis
As drone technology and potential applications continue to expand, corporate leaders around the world are facing a difficult question: How can drones be used to grow their businesses without harming ...
Swiss Re Predicts More M&A Due to New Regs and Capital Surge
New regulations and an influx of alternative capital will spur more mergers and acquisitions in the insurance industry, Swiss Re AG said. "We expect to continue to see a certain shakeout in the ...
Insurers See Impact from Wearables Within Two Years: Accenture Survey
Nearly two-thirds of insurers expect wearable technologies to have a significant impact on the industry, according to a survey in Accenture's annual Technology Vision report. The survey of more than ...
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 ...
Open Platform vs. Open Source
Karen Clark noted that her company's RiskInsight "open platform" currently is the only one in the industry already used by insurers and reinsurers. But what about the Oasis framework, launched by 21 ...