Data and information management

As we enter 2014, we’re ready to design solutions that change insurance from a backward-facing, financial indemnity product to a continuous, predictive, risk management service.

With big data and machine learning tools and algorithms, the possibilities are endless.

Consumers will be exposed to new forms of access technologies and integrated service offerings, while enterprises will increasingly virtualize communications and computing operations, the firm says.

U.S. organizations think one-quarter of their data is inaccurate, which negatively impacts business intelligence, marketing and customer engagement efforts.

Geographic information services increasingly are being incorporated into claims processing to predict and prevent losses, speed customer care and better allocate resources.

‘Millennial Meterologists’ to highlight how Big Data is transformed into actionable solutions.

Insurer and tech giant have made separate announcements that should be of interest to the insurance industry, especially those pursuing insurance telematics programs.

Committee on Oversight & Government Reform Chairman Rep. says we “must assume that website is still vulnerable and Americans may have [personally identifiable information] hacked and taken.”

Novel and more accessible forms of information from government and private sources represent a new and rapidly growing piece of the big-data puzzle.

A safe new-year prediction is that we shall see more insurers getting into trouble, paying the price for over-expansion.

Competitive advantage comes from being able to answer any question at any time.

Strategy Meets Action Founder Deb Smallwood discusses the current landscape of analytics and big data, opportunities and challenges that come with it and action items for insurers.Throughout January, Smallwood details 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. Check back next week for next-gen technology No. 2: mobile technologies. 

Nearly all insurers also expect Congress will reauthorize the Terrorism Risk Insurance Act, according to I.I.I. survey, which revealed deeply divided economic outlooks.

Insurer selects DataHub and InfoCenter to help increase responsiveness to customers, business partners.

The acquisition includes an image library that encompasses about 90 percent of U.S. structures.

One out of four cloud vendors may not be around a year from now. Will your data be there?

Through its acquisition of Nest, Google soon will have access to even more personal data, positioning it to potentially enter the homeowners’ insurance market.

Business interruption and natural catastrophes pose the biggest threats, according to the Allianz Risk Barometer; for the first time, cybercrime and reputational loss enter the top 10 risks in United States.

SNL Insurance will offer clients the option of adding the iPartners reporting solution to their current subscription at a preferred rate.

Infogix to extend operational data controls capabilities, provide value to customers.