Data strategy

Incumbents benefit from high barriers to entry, but are themselves less efficient and innovative, Accenture claims.

New technology organization structure aims to improve customer experience, CIO says.

The life insurer’s LifeScore Labs division is ready to make its data tool available to other carriers in the space.

Several top colleges and universities are offering courses and concentrations in applying data to the sector.

Bruce Gifford is selected for the role after serving in the P&C carrier's actuarial department since 2009.

The connected world offers expanded insurance opportunities that can yield billions of dollars in additional revenue, but requires carriers to be more flexible, Accenture says.

Staffing firm TEKsystems finds that new digital initiatives don’t fall within IT’s purview.

The life insurer's unit does more than just provide capital to interesting startups; it also serves an innovation nexus in the company.

Without a clearly articulated set of business value metrics for IT, it can be a challenge for leaders to create compelling business cases for new investment opportunities.

Insurers must consider how to incorporate digital transformation, insurtech and emerging technologies into their business and technology strategies.

Commercial insurer will make technology available to clients that reinforces proper lifting form, with the goal of reducing workers' comp claims.

Carriers have to innovate more aggressively to match up with challenges to their business from companies like Amazon.

The insurance industry needs to “dare to think big” and make more sweeping transformations, says author and futurist Chunka Mui.

The life insurer has built a foundation of data to power next-generation partnerships, says chief digital officer Greg Baxter.

Carriers can take their digital cues for the year from the dominant topics at the gathering of technologists.

The insurance industry faces a couple of big hurdles: risk aversion and a culture that is also very averse to change.

The eyes of the industry will be drawn to these leading companies' transformation and expansion efforts.

In two outlook papers, Deloitte advises carriers how best to navigate an industry undergoing rapid digitally driven change.

Most existing insurers will not survive in their current form, say 44% of respondents to a PwC survey.

Getting the right people in place is as crucial to ensuring success during, and beyond, implementation of new technology, says Novarica brief.