Of those insurers participating in the survey, most (57 percent) said UBI is predominantly a rating accuracy play, which SMA acknowledged as a logical assumption, as the auto insurance value proposition is primarily about price. However, 43 percent said UBI’s value is in reducing loss costs by improving driver behavior and increasing retention (43 percent). Attracting new customers and claims control followed distantly, with 14 percent each.

The insurer will use the Insurance Scorecard platform to consolidate its multiple data sources for meaningful and actionable analysis.

After another year of meager growth, a new report from Gartner posits that this year businesses are primed for spikes in analytic adoption rates.

What do you get when you mix trillions of dollars in assets and a quasi-ignorant understanding of finance? Enter the Generation X and Generation Y consumers.

Arch Re, CNA, Main Street America, Marsh & McLennan, MetLife, Nationwide and Willis announce fourth-quarter and 2012 financials this week.

The Committee urges the Federal Insurance Office to submit its long overdue reports, including those on the insurance industry in general and recommendations to modernize and improve the U.S. regulation.

A new report contends that insurers that commit to analyzing data from social media will be able to better establish an ROI.

Trade agreements could enhance regulatory cooperation and efficiency, promote competition, and prevent regulatory gaps and overlaps.

Calls for improved information sharing and a set of standards should alleviate insurers' concerns with cybersecurity—but it also puts some pressure on insurers to update themselves along with the standards.

NILS INsource and NILS INcompass products designed to help monitor, implement regulatory changes.

Like other paradigmatic technologies before it, cloud is just a tool that requires the right people working on it in the right environment to be effective.

The record-high interest in hiring from the middle of last year is continuing to grow, as 56.2 percent of insurers are planning to increase staff over the next 12 months, according to the latest “Insurance Labor Market Study” conducted by Jacobson Group, an insurance staffing company, and Ward Group, and insurance consultancy.

Market positioning cited as primary reason for IT budget growth; 10 percent of insurers will reduce IT budgets by 10 percent this year, SMA finds.

Legal Solutions Suite purchased in an attempt to simplify billing and expense tracking, monitor outside counsel performance.

Anticipating a more customer-centric strategy, insurers will look to new data sources and analytical techniques to sharpen risk understanding and customer profiling, according to a new report.

Purchase highlights recent reports indicating life insurers are outspending P&C insurers when it comes to online/mobile quoting systems.

California leads states in QCs; suspicious loss of jewelry increased 86 percent.

The Federal Housing Finance Agency, acting as regulatory overseer to Fannie Mae and Freddie Mac, will further review the force-placed market and its costs.

Underwriting loss increased by $26 billion, net income fell $10 billion, but the commercial P&C sector can expect 2013 to be better financially.

As a combined average, 42.3 percent of Europeans switching auto or household insurers, or buying for the first time, did so online last year, according to “Aggregation Metrics: Consumer Approaches to Insurance Comparison Sites in Europe,” a research paper from Finaccord. This up from 35.4 percent in 2008, making online aggregators and online comparison sites the fastest-growing distribution channel.