Analytics

Top reasons cited include rapid technology development, followed by customer needs and expectations, and the need to break down internal siloes to enable better decision-making.

Telematics technology from Octo Telematics will power the MyPace program, which launches in July.

Insurers have to manage the process carefully to get the most out of transformation efforts.

Advanced analytics capabilities are the key platform for new products and services, EY’s David Bassi says.

The insurer explored how homeowners customers could get the most value from water sensors through hands-on experiments.

Insurance is a data business, and a marquee piece of legislation impacting data ownership and portability is likely to impact the sector greatly.

The $724 million in deal volume so far this year is a significant increase from the same period in 2017, say Willis Towers Watson and CB Insights.

Though these carriers may be tempted to make incremental changes to save resources, bigger moves are recommended.

For carriers looking to position themselves to succeed in the future, it can be a challenge to promote innovative thinking.

Do insurers own the required skills internally, or do they need to find them outside of their firms?