Analytics

The use of telematics by personal lines insurers may have reached a tipping point, according to a new report from Celent.

In its report, “Forecast: Master Data Management, Worldwide, 2010-2015," the research and advisory firm predicts a 21 percent increase in MDM revenue from 2011. By 2015, MDM revenue is anticipated to swell another 40 percent to $3.2 billion. Regionally, the U.S. and Europe will lead the MDM market, though the fastest rate of MDM software revenue growth will be in Asia by 2013.

For Tony Kerrison, the day has long passed when it made sense to question whether cloud computing had a place in financial services companies' IT plans. Kerrison has been one of the industry's cloud computing pioneers: In 2008 he helped create an internal cloud for data center servers at Merrill Lynch (back then it was referred to as "stateless infrastructure"). This year he took the helm of the Enterprise Cloud Leadership Council, a group of corporate technology buyers developing cloud standards for vendors.

Insurers are skeptical about the cloud, but new developments could lend hope to a secure future.

As IT budgets begin to recover, storage and file recovery are hot items.

EagleEye Analytics Inc., a provider of predictive analytics solutions to the insurance industry, has appointed Roger Burkhardt as president and CEO. EagleEye says that, after successfully establishing itself in the market, the company now is launching into the next phase of growth and bringing in a proven CEO to lead this effort.

On the heels of reports coming out of Washington on the government’s scramble to protect the country’s power grid from cybercriminals, CSC reports the launch of an Insurance Cybersecurity Advisory Council for life insurance and annuity providers and property/casualty insurers. The goal of the council is to facilitate the development of best practices and technology strategies that effectively mitigate the risk of cyber attacks on the insurance industry.

National Western Life Insurance and Celent analysts discuss the intersection of business infrastructure and technology implementation, and how the path to speed and agility begins there.INN is pleased to present, with permission, occasional videos from Celent, a research and consulting firm and a member of the Oliver Wyman Group. These videos originally appeared on Celent's website as part of the firm's educational offerings.

Humana Inc. has acquired Anvita Health, a health care analytics company. Humana uses Anvita's Insight engine currently; Anvita Health will continue to operate independently as a subsidiary of Humana.

The Centers for Medicare and Medicaid Services has issued a final rule to make available standardized extracts of Medicare claims data to facilitate measuring the performance of providers and suppliers. The rule has significant changes that enable use of clinical data along with the claims data.