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Business/Intelligence
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Driverless cars are closer to reality than you think. Here are some impacts they might have on the insurance industry.Be the first to comment
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While insurance marketers have long used data to segment and target customers, analyzing and acting on this data offers even more.
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Using advanced regression techniques, CUNA Mutual has developed improved models to target customers in direct business, resulting in better customer satisfaction, increased revenue and reduced cost.
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MetLife uses 10Gen's MongoDB database to quickly integrate disparate data and deliver a consolidated view of the customer.
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There is a great opportunity to more effectively utilize actuaries’ advanced analytics and modelling expertise, and thereby change actuaries’ role from scorekeeping to one in which they create a significant, information-driven competitive advantage for the organization.
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The insurance technology industry's spring conference season kicked off with this past week's 2013 ACORD LOMA Insurance Systems Forum in Las Vegas. Based on the Insurance & Technology team’s conversations with exhibitors, speakers, analysts and other attendees, here are some of the themes we can expect to see emerge this year.
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Consumers want anytime, anywhere access to products including insurance, but don't want to waste space on their devices. Can insurers make the case?
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Investors eye the growing wearable health device market as sensors become more sophisticated and deliver more health information to consumers.
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Simply adding more variables can amplify meaningless feedback and add complexity. Profitable use of big data for improved pricing accuracy and enhanced customer experience will require isolating predictive factors.
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The newly rebranded vendor's InsureRight offering, now covering all lines of business, is designed to give carriers statistically valid portfolio insights that they can distribute to individual underwriters in a simple, easy-to-understand language.
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Rao Tadepalli, CIO of Republic Indemnity, has found ways to innovate in a resource-constrained environment, finding efficiencies through digitizing documentation and improving efficiencies through core system transformation and process reengineering.
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Electronic health record vendor Greenway and insurer Florida Blue strike deal to use Availity as conduit for care summaries that providers need and EHR data that insurers want.
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The Drivewise app provides feedback based on data collected by the program's plug-in device.
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The increasing number of channels is hurting data quality within insurance organizations, 94% suspect their customer and prospect data might be inaccurate in some way.
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The bundled offering incorporates predictive modeling tools.
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Insurers grappling with high attrition rates should invest in developing shopper/switcher insights for their customer base via data analytics.
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Analytics trendsetter Think Big uses Pentaho open-source tools to create predictive models using Hadoop and NoSQL databases.
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Consumers demand for options, flexibility and ease-of-use in their billing and payment has a comprehensive and seamless mobile bill payment experience a mission-critical business requirement.
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The GeoMetric rule allows insurers to adjust premium based on where a vehicle is driven most often, not just where it is garaged.
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Changes at CNO will support the company's focus on the customer by creating a strategic marketing organization that leverages customer analytics, leads, and products across the enterprise.
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Financial services company's strategic conception of data underlies its multichannel, multiproduct and customer-centric growth aspirations.
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Pivotal unit, set to launch April 1, will integrate an unusual and powerful set of software components into a single big data platform.
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In a world where some consumers are as curious about their own data as insurers are, carriers can use their analytical experience to tailor products to that need.
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Basil Enan, CEO of online independent agency CoverHound, expressed interest in being the point person for telematics devices.
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Big data has the power to revolutionize society, but also to become Big Brother, warns new book.
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