3 Signs of Analytical Maturity
Companies have been installing and utilizing business analytic tools for decades. An organization high on the analytics maturity scale should lower their continued investment in software and services while reaping greater value on their investment.
Moore Tornado May Spur CAT Reserving Regulatory Reform
If insurers were permitted to put aside funds with favorable tax treatment, it would not take long to build up significant reserves that would be available in the event of a catastrophe, notes Howard Mills, chief advisor with Deloitte LLP's insurance industry group.
KCC Releases WindfieldBuilder Hurricane Track and Wind Spread Tool
Already used by top ten P&C carriers and reinsurers, the tool has been made generally available to enable customers to create realistic footprints for hurricanes both before and after landfall and to conduct detailed claims analyses using their own loss experience.
Aetna Names J.P. Morgan Vet New CISO
James Routh has joined Aetna as chief information security officer responsible for the overall program around the health insurer's information assets.
Big Data for Fraud Detection
Insurers have lots of data, and they are finding new ways to leverage it. High-performance analytics technology is inspiring a whole new set of fraud detection capabilities.
Would You Insure a Flying Car?
At a time when the auto insurance industry is evaluating the potential impact of autonomous vehicles, there are actually "flying cars" being produced.
6 Trends That Emerged At ACORD LOMA 2013
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.
Selective Appoints New CIO
Gordon Gaudet, most recently director and co-lead of Deloitte Consulting's Insurance Core Systems Transformation practice, will have responsibility for all IT operations at the P&C insurer.
Another Case for Native Apps
Consumers want anytime, anywhere access to products including insurance, but don't want to waste space on their devices. Can insurers make the case?