Big data

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.