Data and information management

First-quarter profit fell 27 percent as claims costs climbed at the property/casualty business.

The data is in: cloud is starting to make a dent in enterprise competitiveness.

Peter Hahn, formerly of McKinsey, now is responsible for improving business decisions and risk insights.

Internet connected devices will drive the value of data to consumers; mobile devices will enable continuous data collection; and sensors will drive finer grained collection of data across common processes. Long-term, these will elevate the awareness about the value of data.

Research by McKinsey and the World Economic Forum points to a widening range of technology vulnerabilities and potentially huge losses in value tied to innovation.

There's a lot of interest in creating CDO positions, but what will be their main areas of responsibility?

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.