Data and information management

Nationwide, MassMutual, and State Farm are among the growing number of large insurance companies working closely with universities to build a pipeline of technology talent.

Both promotions focus on the data side of the organization.

The nation’s largest health insurer is using big data and advanced analytics for financial analysis, fraud and waste monitoring, cost management, pharmacy benefit management, clinical improvements and more.

Lufthansa is facing possible financial claims from the families of victims, which legal experts have estimated at around $350 million.

Innovations in security will be aimed at fortifying cloud services, big data, wireless communication and the Internet of Things (IoT), according to Frost & Sullivan.

IBM has been trying to lure customers to its analytics business with data from partners.

A State Street survey finds insurance companies are more likely to be further along in becoming “data innovators” than their financial services counterparts.

The superintendent of the state Department of Financial Services, said insurers must provide the information by April 27 and submit to examinations by the agency; 160 life, health and property & casualty insurers are affected.

The global insurer is the first insurance industry member of the U-M's Mobility Transformation Center Affiliate program

What are the core software components in a big data solution that delivers analytics? Although requirements certainly vary from project to project, here are ten software building blocks found in many big data rollouts.

P&C carrier uses Valen Analytics’ data and predictive modeling to manage and drive underwriting profitability.

Documentation on aging systems often is akin to tribal knowledge, and the potential for things to go bump in the night increases as these environments face generational transition.

When insurers assess the risks and conduct cost-benefit analyses on whether information systems should be encrypted, more often than not the decision has been made to not encrypt. That has to change now, industry observers say.

More than a month later, more than 50 million people affected by the breach haven’t been notified by the company, senators Lamar Alexander and Patty Murray said.

Insurers are caught in a complexity predicament because of frequent mergers and acquisitions, expanded product and service offerings and more stringent regulations.

Hackers succeeded in accessing claims and clinical data from Premera, but they may be wasting their time trying to monetize health data, industry observers say.

When big commercial insurers develop cyber risk coverage for their clients, IT helps illustrate the problem and identify solutions. CNA and XL Group take us inside their processes.

Premera Blue Cross, serving the Northwest and Alaska, was hacked beginning last May, and even more sensitive data was exposed than in the Anthem hack.

The Touchstone catastrophe modeling platform and suite of CAT models will be rolled out across the organization to support a range of risk management needs.

Regulators, industry representatives and others are encouraged offer perspectives, insights and recommendations to inform and shape emerging regulations.