Data and information management

With cyberattacks on the rise and demand for coverage surging, the $3 billion industry of protecting companies against hackers is at an inflection point.

More homes that had been excluded due to wildfire risk are insurable with more granular data, company says.

The Consumer Federation of America advises insurers to take certain steps to ensure policyholders who opt for usage-based insurance are protected.

Ramnik Bajaj is the company's new SVP and chief data and analytics officer.

A trove of company data was stolen, and CNA officials were locked out of their network, according to sources.

As this happens and expense ratios are driven down, only those carriers which can fully utilize analytics and data-augmented decision making in their underwriting process will be able to price effectively in the market.

Also: New data hire at Amerilife, European expansion at Insurify.

Touchless digital insurance has become a base requirement for business as people demand touchless transactions.

The industry needs high-quality data sources that can scientifically measure the threat and complement existing data elements

If a carrier’s model suggests a consumer is unlikely to bind, they can serve comparison ads from other carriers and make back some of the money they spend bringing non-converting shoppers to their website.

Robin Gordon will join on March 29.

Many insurers have a traditional, albeit risk-averse, data mindset as evidenced by their reliance on traditional data and avoidance of emerging data sources.

Not only does the quality of the data impact a carrier’s bottom line, it also affects their customers’ experience.

Branches come off it, each with its own value: analytics, reporting and forensics.

Cybersecurity is top priority for the life insurer, says tech leader.

Laura Deaner joins the company from S&P Global.

Emerging consumer attitudes toward privacy threaten to overturn long-standing industry assumptions about customer data and personalization.

The benefit goes beyond compliance: It allows an organization to demonstrate that they are prioritizing the consumer's privacy expectations.

With the growing vulnerabilities and uncertainty of our highly globalized and connected world, actions in one place can spread rapidly to have global effects.

Ashok Krishnan is the carrier's new chief data and analytics officer, based in London.