Tag Archives: big data

Digital technology, big data and the mutual sector

Mutual and cooperative insurers have justifiable pride in the high levels of service they offer to their members. But, with improved and deeper customer relationships being a key focus for the commercial sector’s application of technology, should they be taking … Continue reading →

The great data myth: Is the Cloud really less secure than onsite?

Cloud security. It’s one of the most frequently cited concerns for businesses that are considering moving their applications and data to a cloud provider. The common belief is the company’s data is more secure on company-owned servers at onsite data … Continue reading →

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. Zo is het vernuftig kastje in de auto om het rijgedrag van automobilisten … 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 →