Analytics

The agency sees the framework as a living document updated as threats, technologies and business factors change.

Strategy Meets Action Founder Deb Smallwood discusses the current landscape of telematics, opportunities and challenges that come with it and action items for insurers.Throughout January and February, Smallwood detailed each of SMAs five next-generation technologies — analytics and big data, mobile technologies, collaboration technologies, cloud computing and telematics.To find out how the research and consulting firm came to these five, click here. No. 1: Analytics and Big DataNo. 2: Mobile TechnologiesNo. 3. CollaborationNo. 4. Cloud Computing

By 2016, 25 percent of large global companies will have adopted big data analytics for at least one security or fraud detection use case.

Insurance today offers a lesson in economics. Traditional product development (supply) is not meeting modern consumer needs (demand). The result is a loss of potential revenue. What is needed is ‘transformational thinking’. (For a definition of transformational thinking and legacy thinking, see my first blog.see my first blog.)

The general manager of usage-based insurance says predictive models are the "secret sauce" that gives the company a competitive advantage in the space.

Thirteen percent of insurers say enterprisewide data management is a significant strength, and 19 percent are confident in their company's multi-asset risk tools, according to a report from State Street.

Insurers are ready to design digital solutions that change the industry into a continuous, predictive, risk management service.

Disruptive technologies - from wearable devices to cognitive analytics to crowdsourcing - present unprecedented opportunities, but they also challenges on how to balance experimentation for tomorrow with the realities of today, according to Deloitte report.

Big data and models help overcome biases that cloud judgment, but many executive decisions also require bold action inspired by self-confidence. Here’s how to take charge in a clear-headed way.

Cloud is cheap up front, but full of hidden costs. Here are eight potential "gotchas"