Analytics

Closely held K2 Intelligence will help develop products to prevent cybercrime, AIG said.

New SVP of analytics and consulting Chris Najim has also worked at Swiss Re and Safeco.

The company is collaborating with several colleges in its home region to bring data science talent into the organization in a new way.

Nationwide, MassMutual, and State Farm are among the growing number of large insurance companies working closely with universities to build a pipeline of technology talent.

Both promotions focus on the data side of the organization.

The nation’s largest health insurer is using big data and advanced analytics for financial analysis, fraud and waste monitoring, cost management, pharmacy benefit management, clinical improvements and more.

A State Street survey finds insurance companies are more likely to be further along in becoming “data innovators” than their financial services counterparts.

The superintendent of the state Department of Financial Services, said insurers must provide the information by April 27 and submit to examinations by the agency; 160 life, health and property & casualty insurers are affected.

What are the core software components in a big data solution that delivers analytics? Although requirements certainly vary from project to project, here are ten software building blocks found in many big data rollouts.

P&C carrier uses Valen Analytics’ data and predictive modeling to manage and drive underwriting profitability.