Technology & Analytics
Regulatory and Market Imperatives Place Cybersecurity High on Carrier Agendas
Insurance carriers, with their large repositories of high-value personally identifiable information (PII), are increasingly threatened by cyber attacks from bad actors globally. Such attacks could ...
Investing in Innovation: AXA VC Fund Backing Climate Impact, Airfare Predictors
In late February, AXA announced the launch of €200 million ($291 million) venture capital fund backing startups bringing innovations to the insurance, asset management, financial technology and ...
Climate Change Modeling on Cusp of Paradigm Shift
In the face of growing interest in climate change impacts, several big catastrophe modelers said they've heard from more clients interested in receiving climate-related data and they believe the ...
Insurance IT Investment Will Grow in 2015, With Large Carriers Leading
Insurers plan a healthy average increase in information technology investment for 2015. But the spending hike favors larger carriers more than their smaller rivals, a new industry report from ...
Berkley Scolds Insurers For Being ‘Cheap’ As Google Nips At Their Heels
With Google apparently getting into the auto insurance business, W.R. Berkley Corp's legendary CEO is taking the insurance industry to task for being "cheap" and slow to anticipate change. "We are a ...
P/C Insurers Expanding Predictive Modeling, Usage-Based Offerings
Property /casualty insurance executives believe that over the past six years predictive modeling has become an essential or very important driver of improved performance and they are broadening their ...
Pinnacle, Driveway Team Up on UBI Smartphone App Solution
Pinnacle Actuarial Resources, Inc. and Driveway Software have joined forces to offer the auto insurance industry a coordinated usage based insurance (UBI) solution using a smartphone app that ...
Zurich Commercial Transformation: From Conventional Wisdom to Data-Driven Pricing Insights
The merchants, captains and ship owners who congregated in Lloyd's Coffee House in the late 1600s, where they discussed shipping and insurance deals, could not have predicted that their hunches ...