Chris McMahon

Data-driven platform helps sell small-business insurance more efficiently.

VP of personal lines delivery was tapped to create a five-year technology roadmap for the company.

Insurers must routinely invest in and improve their analytical toolsets to ensure that they are picking the best business, minimizing credit risk and making certain their claims operations are efficient.

As telematics-powered usage-based insurance gains steam, underwriters are learning a lot about their customer base with new data that wasn’t previously available.

The insurer frequently will try to "triangulate" information to determine whether it is considering perils and points of failure appropriately.

As a reinsurer, Swiss Re typically doesn’t have direct access to typical customer data but analytics technology is critical to the company’s underwriting of complex treaties.

An overwhelming majority of insurance executives say their organization's success is closely tied to their ability to innovate, but nearly as many say they are already running to keep up with their day-to-day requirements and lack the skills necessary to drive innovation, according to a report and survey from KPMG International.

Insurers have strived to keep pace with consumer technologies and ever more-sophisticated expectations around the customer experience, and now carriers like USAA are banding together with Google Compare and other insurance aggregation sites to offer consumers a new way to shop for and purchase auto insurance.

Westfield Insurance has selected Majesco’s Distribution Management application to consolidate and replace multiple legacy distribution-management systems, Majesco said.

Professional services company Towers Watson has agreed to acquire Brovada, a Canadian insurance technology business best known for the BrovadaOne platform, an application for integrating and automating interactions between insurers, and their agents and brokers.

Insurance software and consulting firm Majesco and Deloitte Consulting LLP are extending their partnership, which is intended to help insurers implement Majesco’s core solutions and realize system consolidations, improved flexibility, quicker response to market and regulatory changes, and increased speed-to-market for new products.

Insurance core systems technology company Insurity Inc. now offers integration with Social Media Risk Scoring, predictive analytics technology from tech firm Social intelligence.

Swiss insurer Basler Versicherung AG Schweiz has implemented Guidewire’s PolicyCenter and BillingCenter, as well as Guidewire’s Client Data Management and Rating Management applications, to support its property line of business, Guidewire said.

Life insurer Security Mutual Life Insurance Co. of New York has selected BizEquity to provide a private labeled version of BizEquity's Advisor Office business valuation service.

The Snapshot mobile app will monitor and measure driving data, including time of day, mileage and hard braking automatically, and give drivers personalized information, including a one-to-five-star rating at the end of each trip, a data summary, map of their drive and tailored driving tips.

As insurance telematics gains momentum with consumers, the technology has become ever more sophisticated and reliant on customer outlays for smartphone capabilities and OEM automotive technology. But is that fair to lower income consumers?

The Swiss telematics technology firm announced that its Telematics Analyzer now can integrate with any back-end system

The application includes a flow of claims data and information with the insurer’s claims administrator, CatManDo Inc.

The three new features are intended to enable deeper insights around driver behavior and profiles, the company said.

The app monitors and scores driver or rider behavior and the option of personalized insurance quotes based on their scores.