Data architecture

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.

In insurance, the need to preserve existing technology investments must be balanced with shifting consumer expectations.

Carriers are looking to deploy AI and RPA tools to help defend against the onslaught.

Founder Stan Smith says the company's data resources position it to help a new range of clients.