Data sharing

Forty-six percent of consumers are open to pay-per-mile and 45% are interested in a program that rewards safe driving with discounts, according to a Nationwide survey. Yet only 45% of agents offer telematics to a quarter or fewer of customers.

By facilitating access to rich, unstructured data in real-time, technology is paving the way for insurers to employ greater personalization and become customer-centric. It can drive tremendous growth opportunities as well as cost and operational efficiencies by promoting wellbeing and prevention services.

Digital Insurance spoke with Maroun Mourad, president of global underwriting and leader of the life unit at Verisk about life insurance technology and what’s ahead for the industry.

Globally, 72% of respondents said they would share some personal data with their insurer but when broken down by gender, only 68% of women and 75% of men said they would share.

“Spot,” created by Boston Dynamics, known for its viral robot videos, and customized for Farmers, a P&C insurer, is the first collaboration of its kind.

Ppooling the same type of transactional data from multiple insurers can help paint a much clearer picture.

Human API will provide the life insurer with easy access to electronic health records to make it easier for prospects to complete the life insurance process.

With prior authorization posing a significant pain point for providers, several health insurers and the organization representing them are starting an initiative to improve the process.

HL7’s Fast Healthcare Interoperability Resources standard is the linchpin of health insurer Humana’s efforts to support data sharing with provider organizations to improve care for its members.

CDI involves not only collecting the data from numerous sources, but organizing and analyzing it in such a way that enterprises can easily share it among business users in areas such as sales, marketing and customer support.

The nation needs to develop a digital infrastructure that is interoperable between healthcare and social care organizations.

Humana is collaborating with electronic health records vendor Epic as both entities seek to bring together patients, providers and insurers to advance value-based care.

Health plans now gather and report data for quality reporting, claims reporting and to conduct risk adjustment analysis, but typically these various data collections occur separately, are sometimes duplicative and are uncoordinated, say Deloitte experts. But that will soon all change.

A majority of workers need access to company data and documents on mobile devices today, but many can't retrieve the documents and information they need remotely.

California and others have passed consumer privacy laws, and lawmakers in Congress are beginning to address the issue. Here's an overview of the players and the proposals.

Three healthcare plans in Tennessee have joined an effort to improve the accuracy of provider data submitted to insurers.

The National Institutes of Health and Fitbit are encouraging users of the activity technology to supply data to find linkages between health and personal activity data

A majority of organizations cite problems dealing with the complex personnel, process and technology changes needed to modernize IT operations and enhance their ability to support business needs.

BlueCross BlueShield of Western New York is sharing claims data via HEALTHeLINK, the region’s health information exchange, to help providers improve care.

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