Data architecture

Digital Insurance spoke with Anshuman Prasad, global head of risk analytics at CRISIL, a risk advisory firm.

One example of a typical deep learning application is pattern recognition applied to digital images.

Big data provides an opportunity to instantly know more about a business than ever before.

Current actuarial techniques are good at quantifying in the aggregate – but less so in the detail.

Research shows rapid adoption of predictive algorithms and digital identity technology will stem the pandemic-driven fraud deluge. Insurance fraud causes more than $80 billion in losses annually in the U.S. alone, according to the report.

To understand how the idea of dynamic risk assessment works, we first need to unlearn certain assumptions.

The fastest growing job roles will be data scientist, machine learning design/development/engineer and data engineer.

Travelers has partnered with Hover to incorporate 3-D modeling technology into its claims assessment.

Brakes on hurricane development from dry Sahara air and El Nino winds are gone, weather experts say.

In measuring the volume of data, we have blown past exabytes and are now calculating volumes in zettabytes -- an explosion that's upending traditional processes.

A new study finds that within the next two years, all large and midsize carriers will use predictive analytics in their group life operations, while nearly half of small insurers will deploy similar capabilities.

Launched in New Jersey, the insurers’ first foray into the line of business focuses on reducing friction in the buying process.

Thanks to explosions in data and analytics capability, carriers have more options than ever to avoid leaning on controversial tactics like credit scores.

The Federal Emergency Management Agency plans to use private-sector data to calculate the real flood threat for each home.

Division working on predictive models and automated underwriting in life insurance launches tool for consumers.

It is a powerful positioning for insurance carriers to view themselves as data companies first, incorporating that information across all facets of the organization.

Across the industry, carriers report that basic third-party data capabilities are common and that pilot activity is high.

The company combines its previous court-records database with state motor vehicle records with the goal of removing steps for insurers.

Claims applications for the technology are opening new opportunities beyond just usage-based insurance programs.

New company provides short-duration life coverage for risky hobbies like kayaking or road biking via digital distribution.