Analytics

Companies will invest in building out and owning datasets, learning things about their customers that no one else does, and delivering exactly what those customers want and need.

Mark Wilson's company is working with Tesla to insure driverless vehicles.

Organizations are producing larger amounts of information than ever before and there needs to be efficient ways to categorize and interpret it all. That’s where artificical intelligence comes in.

The technology has the potential to effect the industry's data usage, risk modeling practices and core systems, according to Novarica.

As the first member of tech company Roost's Home Telematics Consortium, the insurer will distribute kits to customers, in return for data that will help enhance pricing accuracy and loss mitigation.

A increasingly digital – and ever-warmer – world is having an impact on how insurance companies identify and price risk.

Though many insurers still feel they are behind in innovation, all are taking steps to build capabilities.

Carriers are looking to expand their addressable market for risk management services, and innovative solutions are key.

Effective managers are analytical leaders who are adaptable and possess systematic and methodological ways to achieve results.

Many agents and brokers understand that a robust analytics strategy is crucial, and are responding.