Data and information management

Data analytics is a potent tool for bolstering carriers' relationships with agent networks.

With more than three weeks to go, insured losses from severe weather are an estimated $1.5 billion, according to the Insurance Information Institute, and that covers only two of the four storms so far.

Strategy, attitude and buy-in separates leaders from others, an Accenture survey finds. Mobile technology is the priority, as it enables better engagement with customers and creates new revenue streams.

The new application is intended to offer insurers a view of the market and competitive positions for annuities.

Allstate, Chubb Group of Insurance Companies, The Hartford and Travelers reported an aggregate combined ratio of 79 percent for full-year 2013, according to Fitch Ratings' latest report.

Cloud can either divide or unite companies. When united, enterprises achieve great agility and innovation.

RGA Reinsurance Co. will incorporate Synodex's data into its product offerings and use Synodex APS.Extract, an electronic data feed and customizable report produced from health care records.

The suite is designed to transform a traditional website into a responsive site for mobile and tablet optimization.

Only 19 percent of enrollees chose the coverage with the cheapest premiums, and mid-level silver plans drew 62 percent.

Nearly two-thirds of carriers expect to increase staff during the next 12 months, and technology is the area that will see the most growth, according to a recent study.

Network quality is the top criteria for machine-to-machine service provider selection.

Good underwriting is the key to a profitable book of business for an insurer. Underwriting profitability is an important financial measure, and is flanked by other typical key performance indicators used to measure underwriting effectiveness such as the number of new policies, percentage of revenue from new policies, customers and products, underwriting speed, reduced loss ratio, and the ease of doing business.

Senior business leaders everywhere, and even boards of directors, are trying to determine the best ways to deal with big data at their organizations. Here's a look at the factors to consider when planning your big data strategy.

Top three priorities for insurers include improving security/privacy, system simplification and standardizing infrastructure technologies, according to a survey by Kable.

The agency sees the framework as a living document updated as threats, technologies and business factors change.

Strategy Meets Action Founder Deb Smallwood discusses the current landscape of telematics, opportunities and challenges that come with it and action items for insurers.Throughout January and February, Smallwood detailed each of SMAs five next-generation technologies — analytics and big data, mobile technologies, collaboration technologies, cloud computing and telematics.To find out how the research and consulting firm came to these five, click here. No. 1: Analytics and Big DataNo. 2: Mobile TechnologiesNo. 3. CollaborationNo. 4. Cloud Computing

MetLife is counting on expansion in markets from Chile to South Korea to help meet CEO's 2016 goal of achieving return on equity of 12 percent to 14 percent.

By 2016, 25 percent of large global companies will have adopted big data analytics for at least one security or fraud detection use case.

At $40 billion, insured losses were well below the 10-year average of $60 billion.

Insurance today offers a lesson in economics. Traditional product development (supply) is not meeting modern consumer needs (demand). The result is a loss of potential revenue. What is needed is ‘transformational thinking’. (For a definition of transformational thinking and legacy thinking, see my first blog.see my first blog.)