IBM

Tamara Simpkins Franklin is new Chief Digital, Data, and Analytics Officer for the brokerage effective October 1.

Executives from the bank and the tech company have been working for months to create a cloud designed to address the challenges that often slow the adoption of cloud computing by financial institutions.

Insurers will work with IBM and other health stakeholders to improve data sharing and payment processing.

IBM agreed to acquire software maker Red Hat Inc. in a $33.4 billion bet on jump-starting its efforts to catch up in the cloud.

The American Association of Insurance Services will launch the openIDL to share data between carriers and regulators.

Larger, incumbent companies are finally learning the rules of the disruption game, and are coming back stronger than ever.

Incumbent insurers are becoming more active than ever in the insurtech sector, defining its path.

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

The organizations say the cloud-based system will help insurers expand their markets through better use of data.

The move follows new CEO Brian Duperreault’s earlier assertions the insurer would develop data science and analytics capabilities for underwriting.

Hurricane Harvey serves as a grim reminder of the need for a plan for restoring systems and data access. Here are leading products for enterprise DR, according to Gartner.

Tech giant has offered science labs and artificial intelligence researchers early access to its machines over the internet in recent months.

New capability helps customers, including insurance companies, minimize disruptions like server outages by predicting problems before they occur.

Though there's less of an onus on insurers to collect driving data for UBI programs themselves, the new ecosystem has other downstream effects, say experts.

"Smart contracts" provide a shared view of policy data in real-time while helping fight fraud.

The tech giant said it is enabling third parties to create financial services apps in the cloud.

The insurer will move to a cloud-based platform after entering a multi-year services agreement.