Big data

Insurer will use capabilities to identify roof composition, shape and material, among other items.

Launched in New Jersey, the insurers’ first foray into the line of business focuses on reducing friction in the buying process.

When their car is involved in an accident or someone breaks in, CSAA customers can view and share a video clip with the insurer and law enforcement personnel.

Distributed ledger technology can improve the ease of access to various records and reports such as motor vehicle, CLUE, and credit reports; as well as court records.

Top investments to support digital transformation are focused on migrating to the cloud and IT security, as well as artificial intelligence, big data, and the Internet of Things.

Software architects, data warehouse architects and data scientists lead the pack for top salaries among the professionals working on big data projects.

It’s not enough for any insurer to know the right data exists in-house, it must be in the right format and accessible at the right time.

Better business processes can be as important as better technology for insurers when it comes to speed to market.

The insurance industry is rife with self-inflicted limitations that have created unnecessary business process steps and workarounds.

Founder believes by leveraging data new company can provide better rates than most legacy carriers on emerging vehicle type.

It’s no longer a question of if companies should use data; rather, the concern lies in how companies can effectively apply its insight.

Goal is to use more third-party data to make it easier to sell BOP to more categories of small businesses.

Novarica survey of more than 100 carriers identifies six digital techs on the rise in pilot and deployment activity.

Originally planning a limited rollout last year, the life insurer will go live with four lines this month.

The insurance industry is a leader in having a shared digital vision to meet digital business aspirations, but there is much to be done, when it comes to rethinking the business model and institutionalizing digital capabilities.

In a partnership with the Geospatial Intelligence Center, high-resolution imagery refreshed at least once a year will assist Allstate in underwriting and CAT response.

Across the industry, carriers report that basic third-party data capabilities are common and that pilot activity is high.

A growing number of organizations are increasing their investments in big data, ERP and IoT technologies, but are encountering obstacles to those efforts that do not involve technology readiness.

While percentage of premium devoted to tech remains flat year-over-year, priorities are shifting, says Novarica.

The big-data driven home insurance company is looking to be available nationwide by the end of next year.