Data and information management

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.

New version attempts to enhance the capabilities of insurers handling data conversions.

Consultancy provides a forum for chief risk officers to discuss trending practices and hot-button issues in risk management.

Ken Fraser will also lead the company's international insurance practice and global broker network.

Demand is outweighing supply for data experts who can connect the dots behind big data usage, but where will a growing supply come from?

AIR to provide catastrophe modeling services to support FM Global risk management activities.

MetaScale today announced it is incorporating the Kognitio Analytical Platform as a complement to Hadoop as part of its new SaaS-based offering.

Recent survey recognizes that security extends well beyond IT among best-practice companies.

ALIS designed to tackle high-load scenarios of a database containing more than 800,000 active policies.

Insurance Networking News and Celent released INN’s sixth annual technology solution provider ranking for the insurance industry last night at an awards event held at the ACORD LOMA Insurance Systems Forum in Orlando.

System includes pre-loaded business rules engine and builds on CSC’s claims and risk management expertise.

Collaboration will progress with a proof of concept describing areas where ACORD data standards may map to XBRL insurance solvency and other business information taxonomies.

All three implementations will be deployed via private cloud.

Cloud is on everyone's radar—but not yet in everyone's data center.