Big data

Arizent research reveals how insurance companies stack up when it comes to making analytical decisions.

Industry experts weigh in on what to look out for as insurtech enters a new, more mature era.

The rise of the IoT has led to a true data explosion.

Big data provides an opportunity to instantly know more about a business than ever before.

Ford partners with Wejo in Europe and Insurtech NY opens applications for its third accelerator class.

The industry will increasingly harness data to meet the growing expectations and demands of switched-on consumers.

A real-world use case for AI and ML is leveraging it to analyze and extract insights from unstructured data.

Success in analytics isn't the only thing separating digitized competitors from the pack.

Becoming data-driven requires patience, but will pay off.

Cloud to Street and Raincoat are partners for the new product.

We want insurers to transform from premium collectors to lifelong protectors. And technology is at the core of helping them achieve this.

Insurers that are able to make the best use of data are already winning market share, improving key ratios and generating superior risk intelligence, according to a report from the Capgemini Research Institute.

As we look ahead, evolving technologies are presenting home and auto owners with new potential risks. Hacking and ransomware, once confined to computer networks, may become an endemic cyber vulnerability for our increasingly connected vehicles and “smart home” devices. Yet many of these same technologies could create new data sources and risk mitigation options for personal lines insurers.

The unique partnership comes amid an increase in vehicle crash-related deaths and a desire to help customers understand how their choices could potentially support their overall health.

As we emerge from the pandemic and look to the future, the case for cloud must be elevated beyond the limitations of IT savings, to how insurers can use it to address their biggest business challenges.

New methods, using artificial intelligence, ease the fraud detection burden and help insurance companies stay one step ahead.

Auto insurers can leverage critical mobility risk insights like distracted driving, hard turns, and more, turning them into effective personalized marketing campaigns.

It is no surprise that insurers are looking to health tracking technology to create new possibilities for accurate pricing and incentivizing better living.

By facilitating access to rich, unstructured data in real-time, technology is paving the way for insurers to employ greater personalization and become customer-centric. It can drive tremendous growth opportunities as well as cost and operational efficiencies by promoting wellbeing and prevention services.

Globally, 72% of respondents said they would share some personal data with their insurer but when broken down by gender, only 68% of women and 75% of men said they would share.