Data and information management

Research using the websites of State Farm, Allstate, Progressive and GEICO indicates good drivers who live in moderate-income areas are being quoted higher prices for auto insurance, and rates vary widely across providers.

Professionals agree that predictive modeling has changed the way policies are priced, but what other potential does it have and where does this leave actuaries?

In conjunction with the company’s 20th anniversary, Vertafore recently announced three updates to its ImageRight software. The product enhancements include a new user interface and an added emphasis on collaboration and interoperability.

Alliance to enable deductibles and real-time tracking and monitoring for Chubb customers.

The market has been driven to a place where insurance-linked securitizations work from a pricing perspective, say experts at a recent S&P conference.

‘Policy Print as a Service’ designed as a cloud-based option that aims to eliminate paper-based transactions.

A new report from Novarica anticipates a widening analytics gap between large and mid-sized insurers.

A new report outlines the incentives behind four stages of analytics implementation.

Aite Group Senior Analyst Stephen Applebaum outlines the many social media initiatives insurers are embarking upon from this year's IASA conference in San Diego.

New software offered through the cloud to new proprietary lines implementations—available to all Policy Decisions clients later this year.

CloudProtect designed to reimburse losses due to the failures of cloud service providers.

Aragon Research forecasts extinction for most paper documents.

Corralling BI Cowboys can lead to better, more actionable business insights.

For insurers, evaluating elasticity requirements when looking into the cloud may lead them to hold back.

15 minutes with Karthik Balakrishnan and Phil Hatfield, an SVP and VP, respectively, with Verisk Analytics.

As insurers move rapidly to adopt more consumer-centric business models, their efforts are tempered by equally imperative compliance concerns surrounding these new forms of communications and business transactions.

While many companies have invested in financial reporting systems, much of the investment has been ad hoc, leading to ineffective solutions and a lack of visibility, quality and confidence in financial data, new report states.

Collaboration intended to help insurers to meet Pillar 2 ORSA requirements of forthcoming Solvency II directive.

The survey, entitled “Big Data – Extracting Value from Digital Landfills” consisted of more than 400 responses to an AIIM member survey conducted in March and April. Less than 10 percent reported that it is already an “essential capability” for business and about 15 percent expect that it will be essential. On the flip side, nearly 15 percent reported they weren’t really aware of what big data is yet and about 20 percent were merely more than curious about its potential. As far as data analysis, reporting and BI across structured data sets, only 4 percent are developing advanced analytics and big data tools, while most still opt for spreadsheets and ad hoc reports (30 percent) and reports in individual business systems (29 percent).

Study from Prudential and CFO finds majority of executives are looking to move to employee-choice models for benefits.