Data and information management

U.S. commercial lines insurance underwriting performance also improved moderately last year, according to Fitch’s review of initial industry financial results for 2012, indicating that a market turn is taking hold, citing a second year of material premium growth and signs that loss ratios reached a cyclical peak in 2011 as indicators.

Bad driving habits and trends are diminishing among teens, according to a new report on teen driver safety released by The Children’s Hospital of Philadelphia (CHOP) and State Farm. From 2008 to 2011 the number of teen passengers killed in crashes not wearing seat belts decreased 23 percent, the number of teen passengers driven by a peer who had been drinking declined 14 percent, and 30 percent fewer teen passengers were killed in crashes involving a teen driver.

Commercial rates increased 5 percent, while personal lines prices were up 4 percent last month, according to MarketScout’s monthly Market Barometer.

Big data maturity levels among insurers are perfectly split, according to the report, with 25 percent falling under each category: exploring, experimenting, deploying and expanding. This means the insurers find themselves a little ahead, as 38 percent of banks surveyed are reportedly still exploring big data while only 13 percent are expanding its use.

With questionable claims numbers and fraud costs expected to grow through 2016, Aite Group outlines emerging techniques and technologies to stem the tide.

Center of Excellence designed to bring analytics into companies' everyday decision-making processes.

New version designed to complement governance, risk appetite measurement and assessment services.

Data-driven analytics company for health care and insurers launches iPad app, Q-Metrics dashboard.

While the large number of catastrophes is prompting some specialty carriers to exit more challenging lines, cyber-liability insurance continues to see double-digit growth.

Most current data strategies weed out all data that doesn't point to a single end, but that may be selling the potential of your company's data way short.

Celina to use Talon predictive analytics suite as part of agreement.

Edinburgh office intended to enhance client services globally.

OneShield's Dragon chosen by the medical malpractice/workers' compensation insurer for policy, rating, billing and business intelligence.

Early spending budgets from this year suggests that insurers are acting on the gorwing importance of data in the industry.

Predictive analytics is no longer just for actuaries. New tools for data-driven decision-making are reducing costs, increasing profitability and pushing into claims, sales, marketing and beyond.

From tracking this year's flu epidemic via social media, to Google's Instant searches, Amazon's recommendations and predictive keyboards on smartphones, businesses everywhere are embracing predictive analytics.

An insurer thriving in a modern, digital infosphere likely is structured differently than one that evolved from the analog age.

Provider of nonstandard auto coverage looks to data and analytics to drive growth.

Coverage designed for U.S.-based multinational companies with complex exposures.

As the life insurance and annuity industries move toward model-based approaches to reserve and capital valuation, actuarial models are increasing in complexity and sophistication while the imperative to avoid modeling errors also increases, according to a recent report from Deloitte, titled “Actuarial Modeling Controls: A Survey of Actuarial Modeling Controls in the Context of a Model-Based Valuation Framework.”