Top P&C insurers are keen on helping agents acquire new business using mobile channels, as well as e-signature and predictive fraud scoring initiatives, Novarica finds.

Carrier is required to pay $5.5 million, employ two breach specialists in its IT department and conduct audits of its systems yearly.

SOCs devote 50 percent more time than their counterparts on actual threat hunting, according to a new study from McAfee.

Company will work with Insurity to develop app leveraging third-party data.

The industry has a way to go in fixing the underlying information challenges needed to respond to regulatory requests and to innovate, says Michael Atkin.

To meet the needs of customers and deliver services as needed, insurers need knowledgeable, skilled people to build and manage sophisticated applications, algorithms and analytics.

Those assuming the job must combine technology expertise, business savvy and a vision of the organization's future, says Pierre Peladeau.

Firms should be looking at whether they have the right culture and people in place to understand data and how to best keep it safe.

Startup Crop Pro Insurance plans to help growers minimize risk using digital data and technology.

Insurer plans to leverage large swath of data to re-evaluate risk as autos modernize.

These very specialized organizations need robust systems to support their operations, but many are under-resourced.

Researchers have seen at least three cyber espionage operations using this technique, says Alexey Shulmin of Kapersky Lab.

Partnership follows several other collegiate partnerships aiming at developing analytics talent.

More than half of firms think those that don’t keep up with technology advances will go out of business or be absorbed by a competitor within four years.

Underwriting procedures are being handled in an entirely new way, impacting everything from data gathering to data analysis.

Algorithms and AI are very good at identifying patterns of behavior that predict certain outcomes, which can be used to sort people by the expected cost of care.

Carriers are starting to recognize scientists focused on behavior, speech and social networking will be valuable in the long term as new data sources emerge.

The Internet of Things Cybersecurity Improvement Act of 2017 calls for Internet-connected devices to be patchable, meet minimum data safety standards and have changeable password capability.

Insurers that obsess about the technology are focused on the wrong thing.

Salaries can approach $160,000 for a candidate with the right experience says Sam Brown at Empiric.