Tag Archives: big data

Threat vs Opportunity? InsurTech is largely a matter of perspective

Regarding InsurTech from a ‘them’ and ‘us’ standpoint increasingly misses the point. It’s understandable that many insurers have perceived InsurTech as a threat to the value chain. Yet the biggest threat lies not in technology itself, but in competitors of … Continue reading →

The impact of artificial intelligence in transportation

In October 2016 an experimental driverless truck made by Otto, an Uber-owned company, delivered 50,000 cans of beer after travelling 120 miles from Fort Collins, Colorado to Colorado Springs. It did so travelling at 55mph, with a human in the … Continue reading →

How can insurers find real value in their predictive models? Experiment thoughtfully with practical implementation top of mind.

There’s a lot of conversation about new modeling approaches and novel sources of data poised to revolutionize insurance. This extraordinary industry transformation actually began about a decade ago. Analytical methods such as generalized linear models (GLMs) and decision trees were … Continue reading →

Insurers: Is your IT ready for usage-based insurance?

Usage-based motor insurance (UBI) is generating a huge amount of interest at the moment. But are insurers’ IT infrastructure ready for it? In the space of around 15 years, 6 to 7 million American drivers have agreed to have their … Continue reading →

Blockchain: What risk managers need to know

There is no perhaps greater risk to our global economy in the coming years than a large-scale cyber event.  Blockchain may represent the best hope for preventing or limiting such an incident in the future.  For this, and other reasons, … Continue reading →

Big data zetten verzekeraars nog niet aan het rekenen

Verzekeraars weten zich nog geen raad met nieuwe technologie en big data. Waar die in andere sectoren met een opmars bezig zijn, blijven Nederlandse verzekeraars nog achter. … Continue reading →

How P&C insurers are using, or plan to use, big data

Companies are focused on the importance of big data in a predictive analytics framework to improve their decisions with respect to their overall business strategy. Continue reading →

How are life insurers planning to use big data and predictive analytics?

Life insurers should think ahead about how they want to use and deploy big data and predictive analytics in order to invest in areas that will be needed to succeed. Continue reading →

Big data is 3-dimensional

Metrics drive risk and claims management. But, is this enough? Risk management is ill-prepared to journey into open waters and chart new routes in metrics. Continue reading →

The frontier of innovation in insurance

Is it really happening? Let’s start with the word insurtech. It’s a mashup of insurance and technology and yes, it is happening right now. On the technology side we are seeing trends that have been coming for a while, including … Continue reading →