Predictive analytics

Many organizations have shortcomings in the areas of data management and governance, and don't believe they have the insights needed to drive decision-making, says David Stodder.

The technologies are top of mind for the carrier in its efforts to modernize underwriting and claims management, says Puneet Bhardwaj, SVP of digital analytics.

Organizations need to continue to build an agile data environment that can accommodate traditional BI platforms in concert with a modern information environment.

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

Blackstone’s foray will be a key test case in how to channel data from the traditionally opaque world of alternative assets.

Carriers are going digital to cut operating costs and break into the younger consumer market, according to a new report from Celent.

Business users can more easily learn to use and benefit from modern analytics and business intelligence tools, enabling them to take the lead role in this area by 2019, says Gartner.

Moves from Allstate units Answer Financial and Arity, as well as MassMutual, illustrate increasing value of analytics expertise outside core insurance products.

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

Despite being the number one investment priority of CIOs today, few say they have reached a level of maturity in their data management efforts.

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.

IT jobs will be concentrated at the insurer's Cleveland and Colorado Springs locations as it looks to fill 7,500 total positions across departments.

The adoption of machine learning and the need for access to data beyond just data science team is changing how many firms approach information warehousing.

Effective managers are analytical leaders who are adaptable and possess systematic and methodological ways to achieve results.

Tom Bolt is charged with helping the company improve pricing decisions using data and analytics.

The insurer partners with California-based insurtech Carpe Data to further investigate incoming claims.

Both parties have good intentions, wanting to do what’s best for the organization, yet conflicting priorities and viewpoints make them frequently go head to head.

Many of these dangers stem from the increasing reliance of financial services companies on outside technology firms.

With today’s digital tools and platforms, the technology can be applied to various aspects of the insurance value chain.