Digital Platforms

For insurers, thinking of the network of capabilities available in specific geographical areas can provide tangible advantages when it comes to delivering on the promise of major technological advances.

Nearly one-third of all data breaches in 2017 were due to internal sources, according to insider threat management company ObserveIT.

Business-wide transformation begins with a thorough diagnostic of competitive strengths and challenges that enables leaders to prioritize where they want to start.

As many as 84 percent of cybersecurity professionals are either actively seeking new employment or would consider the right offer, says Wesley Simpson.

The growth in digital transformation efforts is driving the need for more CDOs. Forrester Research looks at how strategy, governance and execution separate the best from the rest.

Incumbents need to think like challengers: They have everything to lose, and not a lot to gain.

Iván de la Sota begins his new role on April 1 following two-plus years leading the insurer's Iberian and Latin American division.

Life insurer announces 'collab 3.0 EMEA,' in search of new products tailored for improved customer engagement, sales and operations.

John Geyer, head of the life insurer's innovation office, sheds light on MetLife's work with insurtech startups, established tech companies and ways to create a creative culture within to reach the millennial market.

Despite greater awareness of cyber threats to their systems and customer data, most firms aren't confident they have the resources needed to put up a proper defense.

Cloud for ancillary services has risen in insurance, and within the past few years the trend has expanded to include core as well with Tier-1 carriers migrating to the model.

Carrier joins Citi, Kabbage, DTCC and HP in consortium to help fintech startups get better at data protection.

Insurers including AIG, Travelers, Liberty Mutual and CNA have announced new staff in roles that will drive tech innovation throughout the year.

Shelia Anderson is tasked with modernizing core and developing new applications for customers.

The carrier piloted Snapsheet’s technology before launch, and found claims were settled up to 40% faster using the insurtech's software.

Top risks are often associated with the IoT, artificial intelligence, cloud computing and robotic process automation.

The firm is releasing new cloud technologies to fight disease and help health providers abide by privacy laws as the medical sector moves to internet-based computing.

The life insurer’s LifeScore Labs division is ready to make its data tool available to other carriers in the space.

Otonomo has developed technology to make it easier to distribute connected-car data by securing, anonymizing and aggregating information while adhering to regulations.

AI promises to disrupt insurance and to provide major competitive advantage. The result is a flood of investments for leading players.

Carriers who develop internal innovation capabilities can outrun disruptors thanks to industry knowledge and information resources.

Several top colleges and universities are offering courses and concentrations in applying data to the sector.

Innovation teams understand that the connected world is evolving rapidly, and that competition is coming from industry newcomers as well as incumbents.

Four out of five employees surveyed see significant opportunity for AI to create a more engaging and empowering workplace.

Bruce Gifford is selected for the role after serving in the P&C carrier's actuarial department since 2009.

The application, developed with Cambridge Mobile Telematics, is the latest example of carriers turning to telematics to thwart distracted driving.

Organizations combining innovative talent, diverse data, and applied intelligence can use data-driven insights to improve customer experience, says Accenture's Debbie Polishook.

Carriers will need someone who owns data at an enterprise level to ensure effective governance.

Staffing firm TEKsystems finds that new digital initiatives don’t fall within IT’s purview.

The israeli vendor will merge Adaptik's core offerings with its cloud-based analytics platform.

Without a clearly articulated set of business value metrics for IT, it can be a challenge for leaders to create compelling business cases for new investment opportunities.

A new study shows that the most common concerns are the risk of unauthorized access, the threat of malware infiltrations and the inability to monitor the activity of employees.

As carriers upgrade systems with an eye toward a more digital world, PwC says opportunities abound for process improvements.

Mark Wilson's company is working with Tesla to insure driverless vehicles.

About a quarter of insurance executives said they are allocating budget to 'aggressive' projects, according to Celent research.

Despite the massive increase in the volume of cyberthreats over the last two years, defense strategies are working better, according to a report from ThreatMetrix.

Industry partnerships lower the cost of going digital for incumbents, while also providing an extra revenue source for startups.

As the number of connected devices increases, so will the vulnerabilities that they are laced with, not to mention the potential impact these could have if exploited.

The technology has the potential to effect the industry's data usage, risk modeling practices and core systems, according to Novarica.

Though many insurers still feel they are behind in innovation, all are taking steps to build capabilities.

Agreements give carriers access to aerial imaging and distracted driving prevention technology.

Kerry Goff previously served as senior director of infrastructure architecture and engineering for the life insurer.

The rise of serverless computing, a bigger balance between cloud and local systems, and renewable energy adoption are among the priorities for a growing number of organizations.

Three-fifths of carrier respondents to a survey say that they are increasing use of cloud as part of larger platform modernization.

Driving this transition will be the growing number of Internet of Things devices and the rapid maturation of artificial intelligence and machine learning technologies.

This year will unleash a major disruption for the analytics and information management space. It will upend decades worth of accepted practices and introduce new winners and losers.

If you are an owner of insurance technology ecosystems, and are wondering what to do, the answer is patch.

Carriers enter the new year with a sense of urgency to deploy faster, higher-impact capabilities aimed at enhancing underwriting, claims and customer interaction, says Aite Group.

Core system vendors like Guidewire, and Majesco have announced new digital capabilities that could significantly change how insurance technology firms compete.

Former chief claims officer Glenn Shapiro takes on a new role with telematics as a priority.

Vendor will integrate new claims, billing and distribution management tools into its existing cloud-based platform.

Enterprises realize that if they can refocus their resources on their core competency, they would be much more competitive in their respective markets,