Real-time data

Pet insurance needs to do more than reimburse. It must actively support pet owners in predicting problems and delivering real-time value.

By leveraging vast amounts of data from multiple sources, insurers can analyze customer behaviors and risk factors in real time.

The trends revolve around speedier personalization, smarter automation and more efficient distribution.

High-resolution, high-frequency imagery assists insurers with claims processing, underwriting and post-disaster property inspections.

The partnerships with United Automobile Insurance Company and Citizens United Reciprocal Exchange come off the heels of Cloverleaf's investment into its suite of new AI-driven advanced analytics and data security technologies.

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

Progressive and others see opportunities to increase adoption as technology base grows.

The insurer partnered with Collective Medical and Mendocity on in- and out-patient capabilities.

Nearly six in ten consumers are open to sharing location data and lifestyle information in exchange for decreased pricing in financial products and services, according to Accenture.

Free2Move will use Trov’s Vehicle Activity API to adjust insurance premiums based on data received in real-time from all of its connected cars, based on each vehicle’s current risk state.

Leaders of the finance organizations want to be leaders in developing data and digital strategy, according to Accenture survey.

The increasing need for advanced solutions for real-time decisions on dynamic business events is accelerating the deployment of streaming analytics, a new report says.

Gains are especially being made near UC Berkeley, one of the major research universities in the Bay Area.

It's crucial that insurers develop clear career-path options for these valuable staff, because there will be lots of competition for the skills.

Led by chief digital transformation officer Todd Fancher, AmFam's innovation strategy will lean on small teams and focus on customer experience.

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

Insurer's new self-service portal offers injured workers real-time connectivity to claims professionals and access to a network of healthcare providers.

With today’s digital tools and platforms, the technology can be applied to various aspects of the insurance value chain.

Individual state guidelines, dating back as far as the 1800s, cater to old paper-driven market, not a digital world where insurtechs produce data in real-time, says former NAIC president.

"Smart contracts" provide a shared view of policy data in real-time while helping fight fraud.