Data and information management

The shortcomings of emerging "climate services" are concerning to some observers.

Incomplete auto and property policy information contributed to a spike of losses in 2022

GEICO scored first overall in the semi-annual Mobile Insurance Scorecard.

Insurance carriers and their service providers focus on data gathering and processing as basis for AI operations

A consortium of financial companies said premiums are rising despite a relatively low level of overall risk, causing some banks to reconsider their policies.

Learning to adapt to new challenges, building the right team and creating a direct strategy and vision are critical to success.

By analyzing data in smaller chunks, ideally at its source, the data can be effectively surveyed.

Non-traditional approaches to insurance that SMEs should consider to protect their businesses from new and evolving risks.

Future success for insurers largely lies in data and analytics strategy. 

We expect the absolute growth of this market to be a key factor encouraging more investor participation.

Companies with websites are working through privacy requirements and to be web compliant.

The "Active Cyber Risk Model," would give insurers an overview of their potential losses as a way to better target sales of their policies.

A survey found that nearly half of employees need training for emerging AI technologies in order to do their job well.

Lessons for any insurance finance function looking to modernize.

Digital Insurance spoke with Rose Hall, head of innovation for the Americas at AXA XL.

In other news: Betterview partners with Carpe Data; 101 Weston Labs opens accelerator applications; Openly teams up with Antigem.

The massive adoption of third-party SaaS applications may become a hindrance to P&C insurance carriers due to excessive costs and overlapping capabilities.

TransUnion report cites inflation, premium costs as the reason for an increased rise in shopping.