Insurance is joining the digital revolution in a big way. But the costs of insurance back-office operations need to come down to open up the gates of innovation.

The move follows FBM Idaho’s deployment of Guidewire ClaimCenter in 2010.

As part of ongoing modernization efforts, the insurer will convert all its existing policies to digital.

The tech delivers personalized online videos to workers, summarizing key claims information.

Insurers have taken to drone technology quickly, but need regulators to catch up so deployment can accelerate.

The insurer is now in the early phases of implementing a service-oriented architecture for underwriting.

Report also reveals that organizations are altering security practices and policies due to greater reliance on cloud computing and mobile technology.

Majesco will support the Puerto Rican startup insurer's commercial auto and commercial package lines of business.

Leaders from Farmers, USAA, Progressive and more shared insights into what helps their companies establish themselves as next-generation insurance standard-bearers.

Past insurance innovation strategies will not work in today’s digital age, according to USAA’s SVP of strategy and innovation Michael Merwarth.

As the amount of collected big data grows, the insurer is innovating ways to process information quickly for all facets of its business, says data leader Pawan Divakarla.

New technology puts the onus on insurers to create platforms that can ingest new business models, says Farmers Insurance head of product innovation Mariel Devesa.

Mobile carriers never made a move on big data, machine learning and IoT tools, says Esurance executive, meaning insurers can grasp the opportunity.

The acquisition of Vertafore comes soon after it itself purchased Canada-based Keal Technology.

Security needs to be part of all application and data activities up and down enterprises.

With the move, the P&C insurer aims to provide agents easier access to information, improving customer experience.

The European insurer is adding several crucial capabilities through partnerships, says COO.

Analytics leader talks hiring strategy.

Chosen startups will receive funding, weekly mentor sessions with industry leaders, and opportunities for pilot projects.

'Smart toothbrush' maker Beam has launched an insurance product leveraging 'brush-driven underwriting.'