Insurance Innovation Momentum, Insurance Tech Predictions

This Week in Analytics: News

Insurers Must Seek Collaboration with Insurtech Startups, Big Data Already Paying Off in Insurance Fraud Detection, Analytics dynamic evolving between insurers and agencies, How to bring decades of data into the 21st century, Most Organizations Will Have a CDO By 2019: Gartner

Insurers Must Seek Collaboration with Insurtech Startups

The insurtech space — the growing number of startup technology companies looking to bring latest-generation technology innovations to the insurance innovation — is booming. The unlikely marriage between venerable insurance institutions and Silicon Valley’s next-generation approach is paying dividends, experts said in a panel discussion at the startup accelerator Plug & Play Tech Center. Read the full article…

Big Data Already Paying Off in Insurance Fraud Detection

There’s a lot of talk right now about how big data is going to change insurance. Artificial intelligence and prescriptive analytics are definitely coming, and they will definitely change the insurance industry. To get a better idea of the specific ways in which big data applications are going to play out, it’s worth examining how data analytics are being used in the industry right now. Read the full article…

Analytics dynamic evolving between insurers and agencies

Many agencies and carriers are stepping up investments in operational capabilities, primarily business process improvement and automation to meet challenges posed by new, disruptive distribution models. Read the full article…

How to bring decades of data into the 21st century

In previous articles on the state of data in the insurance industry , I’ve explored how companies operate and where insurance companies are missing opportunities. While these efforts are important in the long run for the health of a company, it’s also important to make sure that a businesses’ current data infrastructure is fully up to date. Read the full article…

Most Organizations Will Have a CDO By 2019: Gartner

At the end of 2015, research firm Gartner Inc. estimated that 25% of large global organizations had already hired a chief data officer (CDO). By 2019, the firm expects that number to reach 90%. Read the full article…