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The analyst firm says that usage-based insurance is an elegant solution to ensure accurate cover in the ride-sharing economy.

It’s not just a question of connecting up a lot of devices. They have to be implemented to improve operations currently in use.

While few efforts at an insurer are more complex or time consuming as a core system replacement, a major BI initiative will eventually touch all aspects of an organization.

The life insurance company launched its LOFT -- Lab of Forward Thinking -- this month. Ace Moghimi, director of strategy and delivery, takes INN inside.

Poland's PZU has implemented InsuranceSuite while Sompo Japan has selected the core systems software.

The company wants a better understanding of how smart technology impacts risk assessment and claim response.

The wholesaler's distributors will use the software to meet growth targets.

Many universities and technology vendor companies are doing something about making the field of data analytics more appealing, and offering more real-world exposure to the power of data and business intelligence.

Big data's hype is driving big business intelligence investment across the insurance industry. Novarica reports the top outlets for that spending.

In 2016, 5.5 million new things will get connected every day, and total connected things will reach 20.8 billion by 2020, the report says.

Switzerland’s biggest insurer has hired the London firm MWM Consulting to conduct the search, he Swiss business magazine Bilanz reported Thursday.

Accenture and Forrester research found insurers ramping up a spectrum of digital transformation initiatives.

With IBM's acquisition of The Weather Company and its large insurance customer base, Watson analytics may be able to help assess weather risks days before things happen.

The insurer is supporting Augury, which uses sensors to predict HVAC equipment breakdown.

All three major big data submarkets—infrastructure, software and services—are expected to grow over the next five years, report says.

The company has consolidated 13 lines onto the new claims system.

The commercial insurer will use the software in its specialty lines unit.

The companies will form a group of strategic partners to work together on areas conducive to promoting connected electric cars.

Separately, Zurich last week announced 200 job cuts at the general-insurance business.

What most boards don’t have is a committee that focuses on what many now believe to be the most impactful company function of all – technology.