Tech trends & IoT Changing Relationship with Insurance

This Week in Analytics: News

Fully leveraging data analytics in insurance, 10 Burning Insurance Tech Questions of 2017, Data analytics key to solving the puzzle of commercial auto insurance, Does Analytics Mark the End of the Underwriter?, Commentary: Challenges Await Insurers in Meeting 2017’s Digital Demands

Fully leveraging data analytics in insurance

Insurance companies have significantly more data than some think. But the industry has been unwilling or unable to use the data to its fullest extent. But the industry has been unwilling or unable to use the data to its fullest extent. However, by ignoring this data, companies are missing opportunities to better service customers and to improve business. Read the full article…

10 Burning Insurance Tech Questions of 2017

As exciting a year as 2016 was for insurers that watched their industry take the first step into a new digital era, the impact on established processes is still uncertain and fungible. We asked several experts to ponder some questions that the industry will look to answer in 2017. Read the full article…

Data analytics key to solving the puzzle of commercial auto insurance

Commercial Auto is a highly troubled line of business for property & casualty insurers, suffering from historically poor performance, especially in trucking. This deters many insurers from writing certain business in the line entirely, eliminating a potential revenue stream, and plaguing those who are trying to create a profitable commercial auto portfolio. Read the full article…

Does Analytics Mark the End of the Underwriter?

Underwriting is the secret sauce of the insurance industry. The process of selecting and pricing risk is essential to the profitability of a carrier, and the deep expertise necessary for this skill set is among the most valuable assets an organization has. Insurers traditionally have competed largely based on the individual judgment of highly experienced underwriters. Insights captured in manuals of procedures and underwriting guidelines are carefully taught to succeeding generations. Read the full article…

Commentary: Challenges Await Insurers in Meeting 2017’s Digital Demands

Here are IT executives’ instructions for 2017: Rewire the entire business so it runs on digital, without new budget. And, by the way, good luck with staffing.
That’s the gist of a recent report on the state of IT in 2017, assembled by the crew at SpiceWorks, an online IT professional network. Read the full article…