Data and information management

Majesco, a provider of insurance software, consulting and services, has launched Majesco Business Analytics, which the company says was built on the foundation of the Cover-All BI. Majesco previously acquired Cover-All, creator of the business intelligence application.

Texas Mutual Insurance Company, provider of workers’ comp insurance, has selected Guidewire’s DataHub and InfoCenter to support its enterprise-wide data management and business intelligence strategies, Guidewire said.

Several carriers gave insight into their technology strategies in their second quarter earnings calls. Here are the highlights.

For an IT strategy to be successful, control areas, such as strategic planning, legal, regulatory and finance, and operational areas, including underwriting, claims, actuarial, product development and marketing, need to help. If that were not challenging enough, IT leaders must be able to create a strategy that works in the context of multiple divisions, entities and possibly countries.

Security researchers demonstrated that they could hack Metromile's UBI dongle; insurance carrier issued patch in June.

Sumitomo acquires Symetra Life from Berkshire Hathaway to establish U.S. presence; XL buys amusement and entertainment specialty insurer

Over the next few years, technology will play a vital role for commercial lines insurers as prices firm and new insurers enter the marketplace.

Many insurers are looking to redesigning systems to better support analytics, but it may be better to develop them as separate sideline to be tested and merged into the organization when ready.

Organizations must build digital resilience to protect their most valuable information assets, says McKinsey.

Companies predict their IoT budgets will continue increasing year-on-year, with spending expected to grow by 20% by 2018

The NAIC’s recent and startlingly rapid moves towards a cyber regulatory doctrine are evidence of the importance and vulnerability of cyberspace.

In a draft document, regulators propose 12 rights for policyholders around cybersecurity.

Insurance companies are major consumers of IT outsourcing services, but there are hints that carrier CIOs are rethinking their outsourcing strategies.

Adversaries are becoming more sophisticated not only in their approaches to launching attacks, but also in evading detection.

Organizations are overhauling their job descriptions for CIOs and CTOs -- and drawing up new descriptions for emerging leaders like chief data officers.

Consumer groups are increasingly interesting in the kinds of data auto insurers use to price policies.

Since its introduction to the market in 2010, telematics has come to be recognized as a maturing rather than emerging technology and often gets incorporated into connected car initiatives.

Smartwatches contain a range of security flaws, raising fresh concerns about wearable devices gathering and sharing big data and personal information across the Internet of Things (IoT), according to new research.

Updates aim to boost authentication while protecting the operating system and underlying PC from malware.

Deloitte has identified insurance technology strategies that explore the role of the CIO, race Moore’s Law and more.