Data and information management

A new report from Forrester outlines potential mobile-enabled innovations and market transformations that could transform the insurance marketplace by 2020.

Spending is expected to nearly triple from current levels by 2016.

As insurers turn to big data for answers, Oracle offers up six tips for easy integration.

From rudimentary automation and reporting to tapping into big data, the return on insurers' data analytics investments is proving a winning proposition.

New software integration product is designed to run financial models against an on-demand, cloud-based grid.

Claims processing remained the top compliance issue for P&C insurers, followed by rating factors and the cancelation of policies. In terms of life and health insurers, problems with claims processing stole the top spot away from compliant policy forms, which was reported last year as the biggest compliance issue. Failure to pay claims properly in accordance with policy provisions was only fifth on that list for life and health insurers.

The rare yet emerging data scientist is a hybrid of data hacker, analyst, communicator and trusted adviser, making him a powerful asset to an insurance organization.

Mobility—rising from its humble beginnings—is on a roll, driven by ever-higher-performing smartphones, tablets, and other devices enabled by 3G and 4G networks, as well as an explosion of innovative applications. Indeed, we believe that enterprise IT is on the brink of a revolution that promises to boost productivity by expanding office functionality beyond the brick-and-mortar location. There are opportunities galore, but cost, governance and security challenges must also be reckoned with.

Insurer will now help Valen support carriers that are purchasing its homeowners solution, PropertyRight.

Given a $3 million-to-$5 million bump in budget, almost one-third of insurer CIOs would put the money toward analytics, despite already investing heavily in that area, according to “If I Had $5 Million… Where Insurer CIOs Would Spend Money They Don’t Have and Why,” a survey from Novarica.

Upgrade for P&C insurers designed to provide mobile business analytics.

Many major insurers use non-driving factors, such as education, occupation and lack of previous insurance in setting prices, and a majority of Americans think that’s unfair, according to results of a Consumer Federation of America (CFA) survey.

New report laments the inability of companies to encrypt, control and secure information stored on employee-owned devices.

USAA received the highest online policyholder security rating based on a new report from Corporate Insight, titled “Login Security: Keeping Policyholder Information Safe.” Amica received marks just short of USAA’s while Progressive was cited just behind Amica. Best practices offered by the research firm were for insurers to offer login access throughout the company website, provide additional security options, provide easily accessible security information and provide users with the option to set security questions.

The drive for greater IT efficiency is delivering green data centers as a byproduct.

Leap System becomes an independent affiliate of the mutual life insurer.

Amidst the security headaches, the technology that comes along with BYOD holds new possibilities for insurers.

From NAMIC, Pete Dailey of AIR Worldwide explains what scientists know about climate change and helps insurers address the uncertainty about what climate change could bring.

In a new CFO survey from Towers Watson, P&C CFOs discuss which portfolio objectives are being satisfied and why they’re expecting slightly more aggressive investment strategies.

Harnessing in-memory technology, XL Group expects to embed analytic decision management process and application systems across the organization.