Data and information management

Financial losses due to insurance fraud cost U.S. insurers at least $80 billion a year, according to the Coalition Against Insurance Fraud, an association of industry, government and consumer organizations. The human cost, in terms of suffering and loss of life, is sky high as well. In an effort to dramatize the scope and depth of the problem, the coalition has singled out what it dubs the worst instances of insurance fraud in 2014. While these seven cases may not be the biggest in terms of total dollars involved, they are remarkable for the brazenness of the crimes and the viciousness of the perpetrators.

Deloitte’s Sam Friedman suggests the industry can use its influence to impact the national agenda.

Insurers must choose between embracing innovation or just continuing with business as usual and run the risk of becoming a casualty in the new competitive battle.

In what has become a buyer’s market, underwriters must get creative to maintain their profitability.

Insurance carriers are dependent on the cloud solutions available to them and even those vendors with other priorities recognize the importance of cloud as a key initiative for the future, according to Celent.

The company in recent months has announced several big cloud computing and analytics wins while also shifting the leadership of global services.

IT spending globally is likely to increase modestly in 2015, according to industry researcher Gartner. But that spending will be uneven and less robust than originally expected. Here's a look at the key trends and what they might mean for the insurance industry.

Developing a usage-based insurance program has now gotten easier.

Numerous companies are finding innovative ways to use IoT devices.

Marketing executives continue their march into the insurance data center.

Dan Daniel will serve as Crawford’s VP of catastrophe services, focusing on strategic growth and service delivery.

A new report from Celent indicates insurance CIOs are increasing spending on analytics, core systems upgrades and process optimization to help grow and retain business.

The consulting company acquired the P&C insurance actuarial service to boost its counsel and enhance its advisory services.

Celent surveyed 41 vendors about their cloud applications, pricing models, platform investments and their expectations of where the market is going.

Investments in advanced analytics, workflow and financial modeling are necessary for reinsurers to overcome stressful market conditions and major losses, according to a new study from Novarica.

By appealing to their enlightened self-interest, CIOs can convert CFOs into fellow innovators.

The commercial insurer intends to use the applications to improve underwriting precision and gain a more complete perspective on potential risk associated with policies.

Key performance indicators tend to provide a one-dimensional view of project value. Try asking some “key performance questions” as well.

An interview with Mike Fitzgerald, senior analyst in Celent's insurance practice and an expert in property/casualty automation, operations management and insurance product development.

An interview on big data challenges with Celent senior insurance analyst Mike Fitzgerald.