Digital Platforms

American International Group is a $61 billion global insurance and financial-services company. Heather Wilson, chief data officer, is in charge of AIG’s data architecture.

Companies lack mature vendor risk-management practices and don’t have the necessary resources and staff to meet best practice standards, study finds.

Insurer also plans to utilize Cover-All Test Studio for automated testing, and Cover-All Dev Studio, a visual product configuration environment.

Indiana University, George Mason University and six other higher education institutions have launched or will be starting up new data science programs in 2014.

Digitization is rewriting the rules of competition, with incumbent companies most at risk of being left behind. Here are six critical decisions CEOs must make to address the strategic challenge posed by the digital revolution.

Many consumers still don’t feel comfortable using mobile insurance applications and many consumers don’t even know if their insurers offer a mobile app.

I/B/E/S Guidance will offer more complete results for WRDS subscribers.

Winner will head the overall growth and profitability of the commercial lines book of business.

Why do so many companies fail to treat their data like a high-value and potentially difference-making asset?

Using the Insuritas E-InsuranceAISLE technology platform, Overstock.com, a discount online retailer has added insurance to its growing inventory of offerings.

Industry experts opine on emerging technologies and their impact on insurance practices, liability and implications for consumers.

Looking back on the first open enrollment, just what worked and what lessons were learned to raise the number of enrollees further for 2015?

Aetna and Humana will also join an effort organized by the Health Care Cost Institute that builds on steps the Obama administration has taken to shed light on prices charged by health care providers.

Merchants expects to have a single, managed solution to translate and deliver policy and commission data to agency partners.

Health insurer intends to use analytics platform to increase customer engagement, benefits usage and customers’ health.

The companies will develop an integrated OneShield claims component for the suite.

There’s not enough adequate data from exchanges to confidently submit 2015 ACA pricing plans by the May 31 deadline, according to a Munich Health study.

To stay relevant, insurers must upgrade systems to support multichannel sales, marketing and service requests, direct sales and make use of big data, according to Swiss Re.

Both life/health and property/casualty insurers continue to focus on policy administration system projects and many are opting for hosted solutions.

P&C suite includes policy administration, claim and billing and will be will be hosted by the Accenture Cloud Platform.

New business models will emerge as an important trend defining ways for businesses to monetize new opportunities, the firm says.

Now in its ninth year, the award program has detailed the extraordinary efforts of more than 70 professionals whose leadership has set the standard for the application of technology in the insurance business.

Cisco report says companies need to do more to secure online experiences.

While analytics offer opportunities for increased profitability and effectiveness, 90 percent of insurers live in “data chaos,” and a lack of integration presents major hurdles for insurers.

Requirements will reshape and expand more than half of all global enterprise IT security programs by 2020 due to changes in supported platform and service scale, diversity and function.

Insurer groups this week shared ACA reform ideas with Congress, including the creation of a copper plan.

Murli Buluswar says how you learn is more important than what you know, and that while data science is going to drive enormous changes in the industry, influence is about more than the numbers.

Members of Congress came out swinging Wednesday at a committee hearing with top insurers called as witnesses to determine whom of the more than 8 million Obamacare enrollees have paid their first month’s premium.

As many as 90 percent of WellPoint customers have paid their first premium by its due date; for Aetna, the payment is in the low to mid-80 percent range.

Through use of the app, the insurer expects to enable marketing representatives to view a complete picture of agency performance, and stay current through real-time updates and alerts.

What kind of impact has predictive modeling had on profitability, loss ratio and rate accuracy?

Significant hurdles have confronted insurers seeking to launch usage-based insurance programs, including a lack of standardization and the threat of patent infringement litigation. But Progressive's recent patent setbacks and ACORD's new data standards could prompt new programs.

The insurer will revamp five fraud-detection models and extend its relationship with SAS for two more years.

Claim frequency dropped for privately owned vehicles, according to an analysis from Ron Actuarial Intelligence, and can reduce insurance premiums and increases revenues.

First-quarter profit fell 27 percent as claims costs climbed at the property/casualty business.

Float from insurance units including Geico has provided CEO Warren Buffett with funds to amass the largest equity stakes in companies including Coca-Cola, Wells Fargo and American Express.

Peter Hahn, formerly of McKinsey, now is responsible for improving business decisions and risk insights.

Internet connected devices will drive the value of data to consumers; mobile devices will enable continuous data collection; and sensors will drive finer grained collection of data across common processes. Long-term, these will elevate the awareness about the value of data.

Research by McKinsey and the World Economic Forum points to a widening range of technology vulnerabilities and potentially huge losses in value tied to innovation.

How many individuals and families that selected a health plan in the federally facilitated health insurance marketplace have paid their first month’s premium? Depends on whom you ask.

The market for worldwide business intelligence and analytics software totaled $14.4 billion in 2013.

The application offers support for operational reporting, management information and business analytics.

Revenues generated from enterprise software-as-a-service will reach $53.5 billion in 2018, representing 59 percent of the enterprise public cloud computing market, according to a new report.

Homeowners and private passenger auto have most impact on the reserve cycle, Guy Carpenter says.

Syndicate 2232 will use the Claims and ECF Management System to support future growth plans.

Lucky Gallagher and Chuck Magazine have earned spots in the 2014 Risk Management Hall of Fame.

The latest version of LifeSuite automated underwriting offers configurable case assignment and additional lab vendor interfaces.

Having driven nearly 700,000 autonomous miles, Google’s self-driving car now is taking on the hazards of city driving.

Marketplace Connector will assist Oregon-based health plans with the migration to the Federally-Facilitated Marketplace.

Version 14.0 of the risk, safety and claims management software includes a relationship management application.

The two-year delay in the implementing new regulatory requirements has helped European insurers’ confidence, Ernst & Young says, but almost 76 percent do not yet meet reporting requirements.

The insurer of corporate boards and high-end homes declined after first-quarter profit fell 32 percent, missing analysts’ estimates, on claims from winter weather in the United States.