Data and information management

GM is the inaugural member of Verisk Analytics' Telematics Data Exchange. OnStar leader Tyson Becker talks about how the connected car and auto insurance spaces are converging.

A PwC report asserts that technology is both improving and introducing greater risk into insurers’ actuarial models.

The key to big data success is establishing good practices around strategic planning and operations, according to AXA’s Jackie Morales, managing director and head of Life Operations, and Louis DiModugno, the firm’s chief data and analytics officer. The two executives, who spoke at this week’s SMA Summit insurance technology conference, recommended the following actions be taken to ensure those methods are put in place.

All 36 independent BCBS companies will contribute to the association’s data management system, creating the healthcare industry’s largest single data resource.

Though pre-existing conditions can't be used to deny coverage, the use of prescription data is still widespread in the insurance industry, and privacy advocates are pushing back.

The property, casualty and marine insurer is trialing a predictive analytics program to provide targeted customer service for hundreds of thousands of accounts.

A data model, warehouse, and analytics are included in the implementation.

Seeking to bolster innovation and analytics-driven decision making, the auto insurer will make nearly 300 new tech hires.

Insurers must recognize that for some consumers, offering value in exchange for their data is a key attraction.

Swiss insurer Zurich, grappling with a surge in claims, abandons a $8.7 billion offer for RSA Insurance.

Insurance CIOs need to be communicators and story tellers as well as effective managers.

The insurer is establishing partnerships with auto insurance technology companies to better handle emerging risks.

Whether Excellus BlueCross BlueShield learned that it had suffered a cyber attack because the organization or a contractor was looking for signs of hacking, or learned from a law enforcement agency is not clear, as the company isn’t saying much about the incident outside of formal announcements.

The insurer said it “learned that cyber attackers had executed a sophisticated attack to gain unauthorized access to our information technology systems.” The pertinent words here are “learned” and “sophisticated;” other organizations hacked have used the same terms.

More visual tools are in the cards -- but can companies find enough analytics talent? IDC takes a look at the big data ecosystem.

Rochester, N.Y.-based Excellus Blue Cross Blue Shield was hacked at least twice going back to 2013.

American International Group Inc. and Axis Capital Holdings Ltd. are among insurers for the company that owns AshleyMadison.com, the adultery website hacked in a breach that exposed more than 37 million users, people familiar with the policies said.

Swiss insurer Basler Versicherung AG Schweiz has implemented Guidewire’s PolicyCenter and BillingCenter, as well as Guidewire’s Client Data Management and Rating Management applications, to support its property line of business, Guidewire said.

The market for health insurance in the U.S. is already so highly concentrated that pending tie-ups among four of the country’s largest insurers risk hurting both consumers and doctors, the American Medical Association said.

The company's interest in smart home tech company Roost is the latest in a string of startup investments