Data and information management

The speciality insurer has introduced a new cybersecurity tool through IronSDN and solutions for electrical and equipment risks with Schneider Electric.

Hacks of banks, credit unions and insurance companies compromised the data of millions of consumers, who filed a flurry of class actions in response.

Alongside extreme weather events, issues like affordability and risk perception contribute to the lack of insurance protection.

Applying AI technology moves slowly, but has potential to produce more sophisticated insights

The conversion process can be fraught with integration complexities.

Automaker collecting more varieties of telematics data to better inform insurers' coverage.

Improving data management technology can take routine work off insurers' plates, insurtechs and experts say.

Data issues hinder the member experience and cause premium loss for carriers.

Both have a mutual goal of keeping systems secure and their customers' information private.

The predictive model is powered by AI analysis based on data from over 1,500 wildfire losses.