Data and information management

Simpler, faster, better and cheaper — four words that may reshape insurance systems.

To improve customer satisfaction, accuracy and cycle time for weather-related claims, the insurer integrated Verisk’s data and analytics capabilities into its estimating application.

There are a range of application types that probably should be moved to the cloud simply because they are commoditized, routine functions that are best handled by someone else.

iWorks is designed to enable insurers to turn raw financial data into analysis for investments, risk and compliance.

IT will be required to develop the robust systems and data environment to perform and analyze risk metrics in tight time frames. There's a regulatory train coming, and IT needs to stay ahead of it.

An examination of case studies point to a handful of paths insurers can take toward innovation.

Market conduct exams, privacy and data protection rank at the top of insurers' regulatory concerns, according to a recent survey.

Recognition of IT's strategic importance is growing, but so is dissatisfaction with its effectiveness, according to our eighth annual survey on business and technology strategy.

The 2013 Atlantic hurricane season, which ran from June through November, was the first since 1994 with no major storms.

Lumeta Corp. has integrated its IPsonar and ESI products with the Allgress' Insight Risk Management Suite.

The partnership will provide insurers with insight into driving records.

The platform now is designed to be a probabilistic loss estimation tool generating exceedence probability curves, probable maximum losses and average annual losses.

Having established core capabilities last year, chief risk officers now are focused on making core processes and tools work better, according to Ernst & Young survey.

By 2020 IoT product and service suppliers will generate incremental revenue exceeding $300 billion.

Peter Skerlj brings more than 17 years of experience to the role.

ROI is often too difficult to explain in dry techie terms.

The insurer's usage-based insurance program could next leverage GPS, smartphones and OEM telematics hardware, company says.

Without adequate storage, there is no big data.

Working together, agents and carriers can realize data validation, faster turnaround, no month-end reporting and other straight-through processing benefits.

The vast majority of insurers report positive impact on bottom line, but a survey by Towers Watson finds applications and adoption rates vary substantially by line of business and insurer size.