Big data

But IT personnel too often feel they lack the skills, technology and bandwidth to create the data-centric foundation needed.

The emerging technologies are equally dependent on each other for best results, Novarica says

There are opportunities for carriers of all sizes to get involved, as many startups looking for pilot customers will lower costs to get their foot in the door.

Insurance companies can help consumers stay informed on risks to lives and property, evolving them into life-coaches.

Insurer’s personal insurance unit is looking to develop lasting relationships with startups in big data, AI and more.

Carriers are working to change the culture around underwriting to be more data-driven, says EY study.

Insurers deploying drones, accessing mobile uploads and analyzing weather data to ensure proper settlement.

Data plays a key role in understanding what your customers will be looking to buy next year, in five years or in 10 years, and how that impacts your staffing needs.

The university's new data science center, part of its business school, will aid the firm in conducting analytics-driven research to enhance members' tech capabilities.

Most innovation plans do not account for emerging industry trends like insurtech disruption and IoT adoption, study finds.