Data and information management

Leaders from Farmers, USAA, Progressive and more shared insights into what helps their companies establish themselves as next-generation insurance standard-bearers.

Past insurance innovation strategies will not work in today’s digital age, according to USAA’s SVP of strategy and innovation Michael Merwarth.

As the amount of collected big data grows, the insurer is innovating ways to process information quickly for all facets of its business, says data leader Pawan Divakarla.

New technology puts the onus on insurers to create platforms that can ingest new business models, says Farmers Insurance head of product innovation Mariel Devesa.

Mobile carriers never made a move on big data, machine learning and IoT tools, says Esurance executive, meaning insurers can grasp the opportunity.

Security needs to be part of all application and data activities up and down enterprises.

With the move, the P&C insurer aims to provide agents easier access to information, improving customer experience.

The European insurer is adding several crucial capabilities through partnerships, says COO.

Analytics leader talks hiring strategy.

Chosen startups will receive funding, weekly mentor sessions with industry leaders, and opportunities for pilot projects.

'Smart toothbrush' maker Beam has launched an insurance product leveraging 'brush-driven underwriting.'

The German auto insurer will use data collected from IMS' DriveSync5 to reward drivers with discounts on premiums.

Accenture survey of more than 400 insurance executives finds an industry focused on the power of digital for customer acquisition and retention.

Only one-third of organizations are actively preparing for the negative impact IoT could have on their business, study finds.

The insurer is providing quotes to compare.com customers in California, with intentions of expanding to other states by year's end.

Compromised credentials still cause almost a quarter of all data breaches, the Cloud Security Alliance finds.

The joint venture will combine data science, technology, underwriting expertise and scale from the several companies involved.

With a quarter of cyber attacks expected to germinate from IoT integrations, Gartner predicts big spending on cloud-based security services.

The specialty insurer will use a SaaS version of Guidewire Predictive Analytics.

Insurers might rethink their digital strategy based on desired outcome, because like it or not, a growing number of customers are leading the charge for digital alternatives.