Insurance today offers a lesson in economics. Traditional product development (supply) is not meeting modern consumer needs (demand). The result is a loss of potential revenue. What is needed is ‘transformational thinking’. (For a definition of transformational thinking and legacy thinking, see my first blog.see my first blog.)

The general manager of usage-based insurance says predictive models are the "secret sauce" that gives the company a competitive advantage in the space.

Thirteen percent of insurers say enterprisewide data management is a significant strength, and 19 percent are confident in their company's multi-asset risk tools, according to a report from State Street.

Insurers are ready to design digital solutions that change the industry into a continuous, predictive, risk management service.

Disruptive technologies - from wearable devices to cognitive analytics to crowdsourcing - present unprecedented opportunities, but they also challenges on how to balance experimentation for tomorrow with the realities of today, according to Deloitte report.

Oklahoma and Texas led in insured CAT loss payouts; overall, insured CAT losses declined compared to 2012.

Insurer will take advantage of C Spires’ 23,800-square-foot $20 million data center, which is expected to open in November 2014.

Big data and models help overcome biases that cloud judgment, but many executive decisions also require bold action inspired by self-confidence. Here’s how to take charge in a clear-headed way.

Cloud is cheap up front, but full of hidden costs. Here are eight potential "gotchas"

App from Jarus Customer Center includes policy inquiry, online payment, accident help, submit claim and policy documents.

Employers with fewer than 100 workers won’t have to provide health insurance until 2016 under Obamacare, as the administration said it would again delay a key requirement of the health law.

The Bright Choices Exchange is designed to offer ancillary benefits and access to mid-sized and large employers nationwide.

Pet insurance has been the fastest growing category in insurance sales despite the squeeze on household incomes.

The sales of life/annuity policy administration systems in North America will continue at a slow pace for the next few years, the research and advisory firm predicts.

A survey of financial services executives finds companies investing in technology, people and processes, yet readiness levels are low and stress levels are high.

Insurance CEOs are overwhelmingly optimistic about growth and hiring, but more than half are concerned about their ability to manage technological change and new market entrants, according to survey.

Strategy Meets Action Founder Deb Smallwood discusses the current landscape of cloud computing, opportunities and challenges that come with it and action items for insurers.Throughout January and February, Smallwood details each of SMAs five next-generation technologies — analytics and big data, mobile technologies, collaboration technologies, cloud computing and telematics.To find out how the research and consulting firm came to these five, click here. No. 1: Analytics and Big DataNo. 2: Mobile TechnologiesNo. 3. CollaborationCheck back next week for next-gen technology No. 5: Telematics.

Mark Bertolini tells investors health plans allowed to continue in 2014 though they don’t comply with new Obamacare rules may be extended for as long as three years.

Accenture survey finds that $400 billion in insurance premiums could change hands within the industry over the next 12 months.

Moderation trend continues, MarketScout says.