Data and information management

The market for worldwide business intelligence and analytics software totaled $14.4 billion in 2013.

The application offers support for operational reporting, management information and business analytics.

Revenues generated from enterprise software-as-a-service will reach $53.5 billion in 2018, representing 59 percent of the enterprise public cloud computing market, according to a new report.

Lucky Gallagher and Chuck Magazine have earned spots in the 2014 Risk Management Hall of Fame.

Having driven nearly 700,000 autonomous miles, Google’s self-driving car now is taking on the hazards of city driving.

Event data recorders are now in 91 percent of all vehicles, but unlike telematics devices, they record data without owners' consent.

Version 14.0 of the risk, safety and claims management software includes a relationship management application.

The two-year delay in the implementing new regulatory requirements has helped European insurers’ confidence, Ernst & Young says, but almost 76 percent do not yet meet reporting requirements.

Analytics solutions are intended not only to support a set of predefined reports, extracts and queries, but also should present a coherent view of information for analysis.

Even if the technology doesn’t immediately attract consumers, insurers offering such programs are establishing robust data sets, underwriting methods and laying the foundation for more positive customer interactions, Deloitte says.

Optimizing application development and maintenance can reduce costs by more than 50 percent for organizations.

Networked sensors increasingly are being embedded in machines, buildings, cars and other objects, offering tech-savvy insurers new opportunities to understand and price risk, according Celent.

The Insurance Scorecard business intelligence and data warehousing application is designed for the P&C industry.

P&C insurer is implementing a billing system that encompasses the conversion of both personal and commercial lines data from its two legacy platforms.

For a successful analytics program, analytics professionals need to master a range of approaches and bring a variety of experiences to projects, as outlined by Gartner Analyst Carol Rozwell at the Gartner Business Intelligence & Analytics Summit 2014 earlier this month.

Travelers, the only property/casualty insurer in the Dow Jones Industrial Average, said profit climbed to a record in the first quarter on investments and expanding margins.

Infrastructure functions can reduce costs and improve service delivery through better demand management.

Gartner CEO and senior executive survey shows that growth is the top priority, with executives displaying a “bullish” attitude toward technology-related business growth in 2014 and 2015.

The industry has a long way to go, with many obstacles to digitization. But the potential payoffs make it worth the work.

How information is presented to business users directly impacts how easily and efficiently they can answer their analytical questions.