Novarica has released a report on insurance IT budgets including the top areas of spending expected this year.

The company will use Accenture Duck Creek software in a software-as-a-service model for all lines.

By 2017, more than 50% of analytics implementations will make use of event data streams generated from instrumented machines, applications and/or individuals, the analyst firm says.

Micro and macro technologies, like telematics and big data, are helping insurance companies support new business models.

The P&C insurer revamped systems end-to-end for eight lines of business.

The newly combined company's data resources are impressive, but analytics leader Jay Rajendra says the talent base is even more so.

Should CIOs focus on core system capabilities, or vendor experience in their line of business? Both, say Novarica -- and the list doesn't end there.

An increasingly connected world of increasingly intelligent machines provides opportunities and challenges for insurance companies, industry experts say.

The updated system supports pricing accuracy and enables regulatory compliance through the pre-configured bureau-based content.

Telematics, data, insurance

Cloud-based, data-driven solutions are giving P&C insurers better tools for quoting catastrophic coverage.

GM is the inaugural member of Verisk Analytics' Telematics Data Exchange. OnStar leader Tyson Becker talks about how the connected car and auto insurance spaces are converging.

James Niehaus is moved over from the annuity group to lead P&C.

A PwC report asserts that technology is both improving and introducing greater risk into insurers’ actuarial models.

The key to big data success is establishing good practices around strategic planning and operations, according to AXA’s Jackie Morales, managing director and head of Life Operations, and Louis DiModugno, the firm’s chief data and analytics officer. The two executives, who spoke at this week’s SMA Summit insurance technology conference, recommended the following actions be taken to ensure those methods are put in place.

All 36 independent BCBS companies will contribute to the association’s data management system, creating the healthcare industry’s largest single data resource.

Though pre-existing conditions can't be used to deny coverage, the use of prescription data is still widespread in the insurance industry, and privacy advocates are pushing back.

The property, casualty and marine insurer is trialing a predictive analytics program to provide targeted customer service for hundreds of thousands of accounts.

A data model, warehouse, and analytics are included in the implementation.

Seeking to bolster innovation and analytics-driven decision making, the auto insurer will make nearly 300 new tech hires.