Home insurers have an opportunity to revolutionize their business like health and auto companies have with the Internet of Things.

The move has enabled the reinsurer to develop a new underwriting system, leading to faster product launches and enhanced data analytics.

Carriers know they must adapt to meet customer expectations, but a downward trend of prices is concerning, says Simon-Kucher & Partners study.

A recent study found that at most firms, two-thirds of the technology budget is spent on 'keeping the lights on' vs. business-advancing initiatives.

Military insurer will predominantly be looking to hire software engineers and applications developers, it says.

Both parties have good intentions, wanting to do what’s best for the organization, yet conflicting priorities and viewpoints make them frequently go head to head.

The P&C segment for the multiline insurer is building a more transparent experience on Guidewire's platform.

The smartphone application is a response to recent upticks in ransomware attacks, the company says.

Many of these dangers stem from the increasing reliance of financial services companies on outside technology firms.

The company's young, but aggressive strategy is changing the company's culture, says Jim Korcykoski, EVP and CISO.

Toronto-based insurer is the latest carrier to adopt voice-assistant technology as an additional communication tool for policyholders.

But IT personnel too often feel they lack the skills, technology and bandwidth to create the data-centric foundation needed.

The range of technologies that are part of the AI family give carriers a lot of options in using it.

The carrier used information from the insurtech's network of sensors to respond to a weather event in Denver.

Less than one-fifth of top life insurance carriers have a policyholder smartphone app, according to Aite Group research, leaving lots of room for improvement in leveraging the channel.

Insurer will provide emergency assistance to drivers via Waze's mobile app.

A new study finds that 69% of organizations mistakenly think information protection, privacy and compliance are the responsibility of the service provider.

Vendor will provide insurer with an automated cloud-based platform offering portfolio data, accounting entries and reporting tools.

In order to raise the profile of the industry and encourage data graduates to join their firms, several carriers are partnering with colleges to get closer to students.

Yet despite widespread awareness, the deficit of trained personnel is growing worse