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Kin Insurance Bolsters Leadership Team
Staff Writer | June 23, 2021
Team expansion includes key hires across marketing, engineering, product, finance, and legal...
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Electronic Chat with Ty Harris, Co-Founder, Openly Insurance
Laura Mazzuca Toops | June 21, 2021
Now operating in several coastal states, Openly is using advanced technology to mitigate hurricane and other cat risks...
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Mark Cuban Joins dClimate as Investor and Strategic Advisor
Staff Writer | June 17, 2021
dClimate was created by the founding team of insurtech weather platform Arbol Inc...
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Majesco Completes Acquisition of Utilant LLC
Staff Writer | June 17, 2021
Acquisition expands Majesco’s product portfolio and adds over 87 customers in the P&C market segment...
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The Insurance Industry’s Reliance on Friction: A Good Strategy?
Bob Frady | June 16, 2021
A friction-filled process is no longer a sustainable competitive advantage...
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OWIT Global Announces BDX-Central, the Industry’s First Bordereaux Data Exchange
Staff Writer | June 14, 2021
New cloud-based environment provides a no-code, configurable interface for all subscribers in the industry that need to report and consume data in a...
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Lumen Risk Services Partners with Insurtech Betterview
Staff Writer | June 14, 2021
Partnership provides ready access to critical property underwriting data...
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What's AI-Right and AI-Wrong?
Marty Ellingsworth | June 01, 2021
The use of AI raises a plethora of ethical questions. Can you pass the AI ethics quiz...
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EigenRisk Adds Reask Models to Global Cat Management
Staff Writer | May 26, 2021
Relationship provides new options for cyclone, hurricane modeling...
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Super Raises $50 Million Series C Round Led by Wells Fargo
Staff Writer | May 20, 2021
Investment will fuel continued growth for the full-stack insurtech company...
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Zywave Acquires Workers' Comp Software Firm Modgic
Staff Writer | May 17, 2021
Acquisition marks Zywave’s fourth in six months, further consolidating insurtech marketplace...
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Electronic Chat with Nestor Hugo Solari, Founder/CEO, Sigo
Laura Mazzuca Toops | May 10, 2021
Sigo provides affordable access via its direct-to-consumer platform that is tech-enabled, bilingual, and mobile-first...
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NXCR and J.D. Power Announce Strategic Alliance
Staff Writer | May 05, 2021
Alliance gives consumers more flexible choices when making vehicle purchase decisions...
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The Giant Hole in Actuarial Models
Bob Frady | May 05, 2021
Hint: garbage in, garbage out...
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Southern Insurance Underwriters Announces Partnership with Morley Medical
Staff Writer | April 28, 2021
Co-development efforts now focused on distribution of an AI/predictive analytics tool for healthcare risk management in treatment of sepsis for...
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Yembo Secures $8.5 Million Series A Financing Round Led by Imagen Capital Partners
Staff Writer | April 22, 2021
AI visual survey company driving the digitization of the moving and relocation industry to aggressively extend technology and product capabilities...
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Purchasing and Innovation: Friends or Enemies?
Bob Frady | April 21, 2021
Insurers want to innovate, but something is holding them back: their own purchasing departments...
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Electronic Chat with Robert Clark, CEO, Cloverleaf Analytics
Laura Mazzuca Toops | April 19, 2021
Leveraging his knowledge and skills of past successes in creating business intelligence solutions, Clark founded and launched Cloverleaf Analytics in...
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Six Trends Shaping Digital Insurance Tech Strategies in 2021
Staff Writer | April 12, 2021
Ellen Carney, principal analyst at Forrester, identified six trends that will shape the insurance landscape and determine priorities in 2021...
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dClimate Raises $3.5 Million Seed Round
Staff Writer | April 12, 2021
dClimate creates open marketplace that makes climate data more accessible and reliable by directly connecting data publishers with data consumers...
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Why Data Science Fails
Bob Frady | April 07, 2021
Data science projects that “fail” all have one element in common...
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Arturo Appoints Daniela Moody Vice President of Artificial Intelligence
Staff Writer | April 05, 2021
AI scientist to lead applied ML, quality assurance, and technical product mapping...
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Medata Taps Jonathan Nutt as CTO
Staff Writer | April 05, 2021
As CTO, Nutt will design and implement product enhancements and develop new solutions...
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K2 Insurance Services Acquires Loss Run Pro
Staff Writer | March 31, 2021
K2's investment and network will help LRP expand its carrier and broker distribution...
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Atidot Appoints Valentina Isakina as Senior Advisor
Staff Writer | March 30, 2021
Valentina Isakina brings a wealth of global strategy, digital transformation, regulatory, and C-suite financial services experience...
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Pie Insurance Secures $118 Million in Series C Funding
Staff Writer | March 30, 2021
Led by Allianz X and Acrew Capital, the round will enable further innovation, new business offerings, and rapid expansion...
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GigaForce Launches Blockchain Subrogation Platform
Staff Writer | March 30, 2021
Gigaforce combines heterogenous data, AI-driven predictive models, specialized industry expertise, and customized services to connect parties within...
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Are Carriers Ready for the Coming Crash?
Bob Frady | March 25, 2021
When quotes are quickly generated and placed side by side, quote-to-bind ratios plummet...
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Electronic Chat with Christopher Moore, Director for North American Sales Engineering and Solutions, Trifacta
Staff Writer | March 23, 2021
Trifacta’s products draw on research in human-computer interaction, scalable data management, and machine learning to make refining data faster and...
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Trifacta, Google Cloud Partner to Host Data Engineering Summit
Staff Writer | March 22, 2021
Event signals emergence of data wrangling as mission-critical business priority...
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An AI Walks Into an Electronics Store...
Marty Ellingsworth | March 17, 2021
Everyone likes a helpful, empathetic, and friendly voice, but many find an avatar or smart-bot can be e-better...
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Arturo Partners with Urban Sky to Expand Collection of High-Precision Stratospheric Imagery
Staff Writer | March 16, 2021
Agreement bolsters Arturo’s access to high-frequency aerial images in remote areas of the U.S...
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Noyo Launches Carrier Connectivity with Noyo Sync™
Staff Writer | March 16, 2021
Noyo's groundbreaking API-driven Solution gives benefits technology platforms enriched data exchange experience in collaboration with leading carriers...
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Corvus Raises $100M in Series C Financing
Staff Writer | March 10, 2021
Investment from Insight Partners backs Corvus’s streamlined, digital-first approach in the largest cyber insurance financing ever...
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World’s Worst County/Western Insurtech Song
Bob Frady | March 10, 2021
“I Hate My Current Vendor, but I Can’t Work with You Because You’re Not My Current Vendor...
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Carpe Data Partners with Unqork to Help P/C Insurers Improve Automation
Staff Writer | March 03, 2021
Integration of emerging and alternative data into enterprise no-code platform brings insurers unprecedented speed-to-market and insight...
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Buckle Adds Crash Risk Data from TNEDICCA to Auto Insurance Underwriting
Staff Writer | February 25, 2021
Using non-traditional data sources from TNEDICCA to fairly underwrite comprehensive auto policies at better rates...
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An Entirely Preventable Disaster
Bob Frady | February 25, 2021
Even the best risk models can’t take into account major system failures...
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Flipping the Fraud Triangle
Jeffrey Cirino | February 23, 2021
Identifying pressure and rationalization early on helps eliminate opportunity -- the key to committing fraud...
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Electronic Chat with Ellen Moser, Senior Client Executive, Origami Risk LLC
Laura Mazzuca Toops | February 08, 2021
Origami recently rolled out new online tools enabling employers to track employee COVID-19 vaccinations and monitor outbreaks...
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Finding Grandmas
Marty Ellingsworth | December 23, 2020
Former paperboy Marty Ellingsworth asks the question: What responsibilities come with new data possibilities...
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InterGen Data and Brandeis International Business School Launch COVID-19 Comorbidity Dashboard
Staff Writer | December 16, 2020
Interactive tool uses demographic data from 8.4 million records to predict the potential for hospitalization, ICU admittance, and death...
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Sapiens Partners with TruthMD to Offer Insurers Advanced Data Analytics on Medical Providers
Staff Writer | December 16, 2020
Partnership will provide clients access with real-time visibility into provider data, enhancing risk assessment, underwriting and claims management...
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Are You Addicted to Copy-and-Paste?
Bob Frady | December 16, 2020
Too many insurers adopt a copy-and-paste mentality when it comes to state filings. It's time to kick the habit, says HazardHub CEO Bob Frady...
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Noyo, Namely Partner to Power Connections with Insurers
Staff Writer | December 09, 2020
Noyo’s API infrastructure solution for fast, secure data exchange enables enhanced insurance experiences for Namely clients...
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Driving Life Insurance:Tech Alone Won’t Solve Business Problems
Barbara Peterfi | December 09, 2020
COVID has highlighted the need for a more digital approach to life insurance. How can insurers avoid the pitfalls of modernization...
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CLARA Analytics Unveils Its AI-Based Litigation Avoidance Solution for Commercial Auto
Staff Writer | December 04, 2020
CLARA Litigation for Commercial Auto reduces attorney involvement and litigation rates, improves loss ratios...
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OWIT Global Announces New Version of Bordereaux Management Solution for North American Market
Staff Writer | December 03, 2020
Advanced version continues to provide immediate ROI for processing Bordereaux data...
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MSO Partners with Athenium Analytics
Staff Writer | December 02, 2020
Insurtech provides software solutions that empower clients to manage and measure insurance risk and quality...
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EIS Introduces Usage-Based Insurance Solution that Unifies Personal, Commercial Car Use
Staff Writer | December 01, 2020
Includes ridesharing solution enabling insurer to cover drivers based on inclusive set of variables...
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Electronic Chat with Jason Liu, CEO, Zywave
Laura Mazzuca Toops | November 30, 2020
With two major acquisitions in the last month alone (Advisen and ITC), the cloud-based sales tool provider is on a solid growth trajectory...
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Innoveo and HazardHub Announce Strategic Partnership
Staff Writer | November 25, 2020
Delivering HazardHub’s property risk data powered by Innoveo Skye no-code platform...
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Bluefire Insurance Successfully Implements insured.io for Customer Engagement
Staff Writer | November 23, 2020
New platform consolidates Bluefire’s customer experience across multiple core administration systems...
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Guidewire Integration with Betterview Provides Insurers with Access to Superior Property Data and Visual Analytics
Staff Writer | November 18, 2020
Upgraded integration with Betterview, a Silver Sponsor for Guidewire Connections Reimagined will allow P&C underwriters to access and act on...
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Flyreel Announces $10 Million Series A Financing
Staff Writer | November 18, 2020
Acceleration of AI-assisted property underwriting, risk management, and claims, now serving 15 major insurance providers...
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Zywave Acquires Insurance Data and Tech Provider Advisen
Staff Writer | November 17, 2020
Advisen's data, media and technology solutions will amplify Zywave’s existing product portfolio and accelerate its global footprint...
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Carpe Data Expands ClaimsX Partnership with The Hanover
Staff Writer | November 16, 2020
ClaimsX, Carpe Data’s innovative claims monitoring solution, leverages publicly available web data for real-time assessment and decision making, from...
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Electronic Chat with Evgeny Aleksandrov, Co-founder and CEO, Pilotbird
Laura Mazzuca Toops | November 09, 2020
Evgeny Aleksandrov is co-founder and CEO of Kiwi Insurance Pilotbird, an analytics solutions provider for insurers...
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New MIT Sloan Study Finds Few Companies Gain Big Benefits from AI
Staff Writer | October 26, 2020
Findings reveal that success is linked to an organization’s ability to learn with AI...
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Founder of Kiwi Introduces Pilotbird, an Insurance Analytics Product Company
Staff Writer | October 20, 2020
New company empowers carriers to make the insurance experience more relevant...
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Majesco Releases Version 11 R2 of L&A, Group Core Suite
Staff Writer | October 15, 2020
The new version expands pre-built lines of business and innovative and new capabilities to accelerate insurers’ customer and growth strategies...
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Cloverleaf Analytics Updates BI and Analytics Platform
Staff Writer | October 15, 2020
Updates include data architecture upgrade which enhances data load capabilities and the introduction of stronger data encryption...
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Pie Insurance Sees Record Growth and Surpasses $100M in Premium
Staff Writer | October 14, 2020
Company becomes fastest insurtech to reach milestone...
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IMS Technology Powers Utah’s Road Usage Charge Program
Staff Writer | October 13, 2020
IMS is only solution provider to power all production deployments across North America...
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Gelato with Dots and Sprinkles
Marty Ellingsworth | October 13, 2020
Gelato is great. Gelato with sprinkles is even better. Celent's Marty Ellingsworth continues his look at new and improved risk analytics...
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Bold Penguin Reaches Definitive Agreement to Acquire RiskGenius
Staff Writer | October 08, 2020
Company adds qualitative policy review capabilities as it continues to be the dominant leader in small commercial connectivity...
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COVID-19 and the Insurtech “Junk Drawer”
Bob Frady | October 07, 2020
The first of a new exclusive blog for ITA Pro by HazardHub CEO Bob Frady looks at how insurers are taking time to learn about insurtechs during COVID...
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Majesco Announces the Launch of Majesco L&A Insurance Data & Analytics Platform
Staff Writer | September 29, 2020
Platform captures, analyzes and monetizes data with predictive and ML analytics, intelligent reports, and prescriptive actions...
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Sapiens Partners with GreenRoad Technologies to Improve Driver Safety & Personalize Driver Insurance Premiums
Staff Writer | September 24, 2020
Partnership enables auto insurers to excel through digital transformation, customer-centric services, and joint risk-prevention solutions...
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Plug and Play Selects 25 Insurtech Startups for Winter Batches
Laura Mazzuca Toops | September 21, 2020
The insurtech "Batch 9" lists 25 cohorts, including Cake, Friss, and Vero...
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Zywave Expands Commercial Content Offering with Additional Third-Party Resources
Staff Writer | September 16, 2020
New subscribers gain access to searchable library of more than 30,000 content pieces...
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Xceedance and Oasis LMF Offer On-Demand Exposure Analysis Services for U.S. Earthquake, Flood, and Hurricane Catastrophe Models
Staff Writer | September 15, 2020
Xceedance-Oasis LMF On-Demand Catastrophe Modelling Services deliver as-needed loss analysis to re/insurers, brokers, and MGAs...
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Policygenius Launches Life Insurance Price Index Showing Monthly Pricing Data
Staff Writer | September 15, 2020
September data show life insurance prices remain stable during pandemic...
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Electronic Chat with Greg Williams, Co-Founder, President & CEO, Acrisure
Staff Writer | September 15, 2020
The fast-growing insurance broker's unique business model focuses on providing its agency partners with autonomy and an array of high-tech tools to...
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Insurity Strengthens its Predictive Analytics Claims Solutions with ODG by MCG Partnership
Staff Writer | September 09, 2020
Combination of ODG guidelines for workers' comp and Insurity’s Valen Data Consortium provides predictive insights for claims management...
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Prudential Selects Vitech's V3locity for Cloud-Based Group Insurance Administration
Staff Writer | September 08, 2020
Choice aligns with Prudential's overall growth and transformation strategy...
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Electronic Chat with Matt Perlman, Partner, IA Capital Group
Laura Mazzuca Toops | September 08, 2020
Partner at IA Capital Group, a private investment firm specializing in insurance and financial technology, talks about the current state of insurtech...
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Underwriting in 3D: Using Data to Adapt and Improve Life Insurance Sales
Denise Garth | August 28, 2020
Denise Garth of Majesco discusses how life insurers can leverage technology to transform the buyer experience into value-added protection at the point...
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Getting Past the "Gelato Syndrome"
Marty Ellingsworth | August 26, 2020
Marty Ellingsworth of Celent weighs in on how nesting hybrid resources enables insurers to achieve sustainable data, AI, and cloud success...
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The Fedeli Group And TPA Stream Announce Partnership
Staff Writer | August 25, 2020
Partnership will provide small employers with data and insight that is often unavailable in the insurance marketplace...
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Preventing Data Breaches
Scott Stephens | August 17, 2020
Five things to check when outsourcing policyholder communications...
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U.S. Consumers Significantly Underestimate Flood Risk, New Survey Finds
Staff Writer | July 30, 2020
New survey by AI-driven insurer Neptune Flood and University of South Florida Institute for Data Analytics and Visualization uncover timely data and...
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Farmers Insurance Engages Carpe Data to Identify New Opportunities
Staff Writer | July 16, 2020
Insurance giant working with Carpe Data to enhance and accelerate its small business accounts...
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Electronic Chat with Char Hu
Laura Mazzuca Toops | July 16, 2020
Char Hu is CEO of The Helper Bees, the first and only company to use data analytics to help long-term care practitioners deliver intelligent...
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Quadient, Kitewheel Partner on Customer Journey Explorer
Staff Writer | June 26, 2020
Product enhances Quadient Inspire platform to strengthen customer experience capabilities...
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Data Management Firm Fluree Announces Close of Multiple Enterprise Partnerships and Blockchain Integrations
Staff Writer | June 23, 2020
The blockchain startup also broadens investment team and wins key partnership with the U.S. Air Force...
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Data Science is Gelato
Marty Ellingsworth | June 22, 2020
Feeding a growing appetite for data, AI, and cloud...
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Farmers Edge, Palliser Insurance Partner on Crop Monitoring and Risk Management Solutions
Staff Writer | June 18, 2020
Canadian partnership establishes new levels of protection from the financial impact of hail...
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Powerlytics Announces Series B Fundraising Round Led By Brewer Lane Ventures
Staff Writer | June 10, 2020
Deal highlights strong investor interest in actionable intelligence during uncertain economic times...
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Electronic Chat with Paul VanderMarck
Laura Mazzuca Toops | June 08, 2020
Paul VanderMarck, Chief Innovation & Technology Officer, SageSure, has been involved in insurance data and analytics for more than 25 years...
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Powerlytics Announces Series B Fundraising Round Led By Brewer Lane Ventures
Staff Writer | June 05, 2020
Deal highlights strong investor interest in actionable intelligence during uncertain economic times...
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Traders Insurance Selects Cloverleaf Analytics
Staff Writer | May 28, 2020
Traders Insurance has selected the Cloverleaf business intelligence (BI) solution to enhance real-time data capabilities...
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The Insurance Data Journey Into the New Normal
Ben Moreland | May 20, 2020
Without a very strong focus on data as a strategic and vital corporate asset, insurers will struggle to keep up with the necessary changes in the “new...
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Big Data and Insurtech: A Carrier Perspective
James Merz | May 19, 2020
Insurance has always relied on large volumes of data to gauge customer behavior and more. But as big data has gotten bigger, insurtech has empowered...
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Electronic Chat with John C. Siegman
Laura Mazzuca Toops | May 13, 2020
We spoke with HazardHub Founder John Siegman on how insurance’s reliance on data has changed over the years, and the role of technology in its...
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Lockton Re Adopts Insurity’s SpatialKey Solutions to Bolster Risk Advisory Services
Staff Writer | May 08, 2020
nsurity, Inc., a leading provider of cloud-based core system solutions and data analytics for the world’s largest insurers, brokers, and MGAs...
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Milliman PinPoint Selected by N.C. Rate Bureau
Staff Writer | May 07, 2020
Milliman PinPoint offers location-level geospatial data and premium calculations customized for unique rating plans and underwriting rules in both...
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HazardHub develops the first national LUST database (Leaking Underground Storage Tanks)
Staff Writer | May 06, 2020
HazardHub, the USA’s fastest-growing supplier of geospatial risk data and a 2019 Insuretech 100 company – announced that they have developed the first...
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Origami Risk Introduces Online Solutions to Help Hospitals, Healthcare Systems Manage Issues Related to COVID19
Staff Writer | April 14, 2020
Origami Risk, the industry-leading risk, safety and insurance Software as a Service (SaaS) technology firm, introduces four online solutions to help...
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Sapiens Partners with HazardHub on Real-Time Geographic Risk Data
Staff Writer | March 19, 2020
Integrating HazardHub’s comprehensive data with Sapiens CoreSuite for Property & Casualty will facilitate more accurate underwriting and straight-...
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CLARA Analytics Adds to Leadership Team
Staff Writer | March 16, 2020
Dustin Oxborrow, Brian Sullivan and Chris Koverman Join Company in Key Roles as CLARA Transforms Insurance Industry with AI...
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Zurich Partners With Carpe Data to Combat Fraud and Increase Claims Efficiency Through New Data
Staff Writer | March 16, 2020
Insurer working with Carpe Data to automate and accelerate their claims processes...
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Electronic Chat with Tara Kelly
Laura Mazzuca Toops | February 24, 2020
Tara Kelly, President and CEO of SPLICE Software, was recently named among the 10 most trustable insurance tech providers by Technology Headlines...
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Cowbell Cyber and Advisen Announce Data Partnership
Staff Writer | February 11, 2020
Cowbell Cyber Continuous Underwriting Platform incorporates Advisen's Cyber Loss Data...
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Electronic Chat with Chuck Wilson
Laura Mazzuca Toops | February 10, 2020
Chuck Wilson is co-founder of Avolanta, a privately held insurance computer software company based in Columbia, S.C...
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Cloverleaf Analytics Partners with HazardHub
Staff Writer | February 06, 2020
Industry need for better data drives integration and delivery of deeper insights for improved risk selection and underwriting...
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IMS Brings Carrot UBI Platform to North American Insurers
Staff Writer | January 21, 2020
Approach focused on engagement and reward already proven to deliver increased customer participation, better insurance outcomes, and safer drivers...
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4 Ways Insurance Can Prepare for New Data Privacy Laws
Philip Gow | January 21, 2020
Though it only took effect on Jan. 1, the California Consumer Privacy Act, or CCPA, has already changed the way corporations view consumer data. And...
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Volvo Financial Services Invests in Insurtech for the Commercial Vehicle Sector
Staff Writer | January 03, 2020
Volvo Financial Services has invested in REIN, an insurtech start-upmpany, to deploy connected insurance services to the commercial transport industry...
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Electronic Chat with Wendy Aarons-Corman
Laura Mazzuca Toops | December 16, 2019
Wendy Aarons-Corman has more than 30 years’ experience in both IT and insurance, from her earliest days as a software developer on the underwriting...
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Zywave Acquires Data Analytics Provider miEdge
Staff Writer | December 05, 2019
Product integration will deliver advanced prospecting and data engine, supporting Zywave’s comprehensive Product Cloud Portfolios...
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OCTO Acquires Nebula Systems, Reinforcing Leadership in Intelligent Vehicle Diagnostics
Staff Writer | December 04, 2019
With the integration of Nebula’s solution into the OCTO Intelligent Mobility solution, vehicle health, status and operations can be monitored...
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Zendrive Names John Kramer New Director of Insurance Sales
Staff Writer | November 13, 2019
Auto data analytics company Zendrive has named John Kramer as Director of Insurance Sales. He brings with him nearly 20 years of insurance experience...
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Guidewire’s Data Guru Mike Byam on How Insurers are Using Internal and Third-Party Data
Laura Mazzuca Toops | November 13, 2019
Traditionally, internally stored data – the reams of information buried in policies and claims -- was the exclusive realm of the insurance actuary...
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Root Insurance Company Launches New Renters Insurance
Staff Writer | November 11, 2019
Insurtech Root Insurance has launched an affordable, streamlined renters insurance designed and personalized around real consumer need, for as low as...
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EMC Insurance Adopts Full Suite of CLARA analytics AI-Based Products
Staff Writer | November 05, 2019
EMC Insurance Companies (EMC) has selected CLARA analytics to help advance its digital initiatives. EMC will integrate the full suite of all three...
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Electronic Chat with Rock Schindler
Laura Mazzuca Toops | November 04, 2019
Rock Schindler, Founder and CEO of SD Refinery, launched the company in 2018 in response to the insurance industry’s need for AI technology that could...
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Guidewire Extends Use of Advisen Data in its Cyber Rating Model
Staff Writer | October 30, 2019
Guidewire Software, Inc. (NYSE: GWRE), provider of the industry platform Property and Casualty (P&C) insurers rely upon, and Advisen, provider of data...
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Electronic Chat with John Siegman
Laura Mazzuca Toops | October 28, 2019
John Siegman is CCA and Founder at HazardHub, the U.S.’s most comprehensive natural and man-made risk database...
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Campings.com Collaborates With Setoo to Offer Weather Insurance
Staff Writer | October 25, 2019
UK Insurance and protection-as-a-service company, Setoo, today announced that Campings.com, a Europe-wide campsite bookings company, selected its...
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CLARA analytics Appoints Paul Kim as Chief Medical Officer
Staff Writer | October 23, 2019
CLARA analytics (“CLARA”), a provider of artificial intelligence (AI) technology in the commercial insurance industry, today announced that Paul Kim...
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U.S. Insurance Carriers Embrace Artificial Intelligence, Drones and Other Technologies
Staff Writer | October 22, 2019
U.S. insurance companies are rapidly adopting new technologies such as artificial intelligence and drones to better serve their customers, and they...
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A Candid Conversation with Paul Mang
Bill Sinn | October 04, 2019
Paul Mang is the general manager, analytics and data services, with Guidewire Software, Inc., one of the leading software companies serving the...
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Digital Does Matter in Insurance-- And Insurers are Missing the Mark
Bill Sinn | October 04, 2019
According to the second annual “Gartner L2 Digital IQ index: Insurance U.S. Report,” released in July of this year, the results were, to put it mildly...
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Insurer IT Spending Up for 2020; Portals and Predictive Analytics Investments Are Common, Says Novarica Study of 100 Insurer CIOs
Laura Mazzuca Toops | October 04, 2019
Insurer IT spending is growing for 2020 as insurers seek to improve speed to market, distributor service, and analytics capabilities, according to the...
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Global IQX Releases New Software Incorporating AI
Laura Mazzuca Toops | October 02, 2019
The new release of Global IQX’s software incorporates artificial intelligence. Enhancements provide an improved user experience and help insurers...
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Georgia Farm Bureau Implements Cloverleaf Analytics
Staff Writer | September 24, 2019
Completed successfully in conjunction with a core system modernization, this implementation will enable near real-time performance monitoring by GFB’s...
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HazardHub Launches Desktop AgentRiskViewTM Product at Agency Connect InsureTech Event
Staff Writer | September 22, 2019
HazardHub, the nation’s fastest-growing supplier of geospatial risk data, is excited to announce the release of the first of its kind SaaS risk...
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ValueMomentum Joins the MuleSoft Partner Program
Bill Sinn | June 13, 2019
ValueMomentum to Leverage Anypoint Platform to Support Connecting Applications and Data in the Cloud and On-Premises...
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How Business Process Automation Reduced Human Error by 75%
Bill Sinn | June 05, 2019
MDP, a specialty carrier on the East Coast, replaced its manual processes for proposal generation and broker onboarding with a completely customized...
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Agero Earns Acclaim from Frost & Sullivan for Its Roadside Assistance Solutions
Bill Sinn | June 04, 2019
Agero’s digital tools create a transparent and seamless roadside assistance experience for all stakeholders...
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Policy Administration Systems Replacement Still Top of Mind for Property/Casualty Insurers; Novarica Profiles Over 40 Vendors in 12th Annual Report
Bill Sinn | May 21, 2019
500+ page report provides extensive details on vendor solutions...
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Messagepoint Named a Customer Communications Management Leader in the Aspire Leaderboard for Second Year in a Row
Bill Sinn | May 22, 2019
Messagepoint Inc. has been named as a leading provider of Customer Communications Management (CCM) solutions in the Aspire Leaderboard for the second...
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MVP Advisory Group Announces Partnership with DynaQuest Technology Services, Inc.
Bill Sinn | May 14, 2019
Partnership Further Strengthens MVP’s Specialization in Change Management...
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Carriers Enhancing Fraud Analytics Capabilities, Novarica Profiles Seven Solution Providers
Bill Sinn | May 07, 2019
Insurers leveraging AI and big data to pilot and deploy initiatives in machine learning, unstructured text analysis, image and voice recognition...
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Messagepoint Adds AI-powered Content Intelligence to Its Leading Customer Communications Management Platform
Bill Sinn | May 06, 2019
New Capabilities Enable Better Content and Improved Content Management...
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Guidewire Announces 2019.1 Release of P&C Insurance Industry Platform to Accelerate Insurer Growth
Bill Sinn | May 07, 2019
New Guidewire InsuranceNow™ Data Service provides near real-time reporting data...
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Electronic Chat with Dr. Dan Shoham
Bill Sinn | May 02, 2019
ITA interviews Dr. Dan Shoham, Chief Science Officer of Betterview...
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Broker-Dealers Owned by Life Insurers Can Be Held Back by Enterprise Technology Strategies, Says Novarica
Bill Sinn | May 02, 2019
Awareness of specialized data- and compliance-related considerations key to success of insurer-owned broker-dealers...
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HazardHub Introduces ReplacementHubTM Property Replacement Estimations
Bill Sinn | April 07, 2019
HazardHub, the nation’s fastest-growing supplier of geospatial risk data, is pleased to announce the introduction of Home Replacement Cost estimates...
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Life Insurers Investing in Analytics, Core Systems, and Marketing- and Service-Related Technologies, Says Novarica
Bill Sinn | April 02, 2019
Prolonged low interest rates and burdensome legacy blocks of business driving carriers toward radical experimentation...
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Introducing Slice Mind
Bill Sinn | March 28, 2019
Slice Mind products designed to predict insurance risk and make recommendations...
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Large Commercial Brokers Investing in AI, Analytics, and Workflow Technologies, Says Novarica
Bill Sinn | March 28, 2019
Brokers building awareness of, partnering with, and acquiring InsureTechs...
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Medical Malpractice Insurers Investing in Analytics and Emerging Tech in Face of Market Pressures, Says Novarica
Bill Sinn | March 21, 2019
The medical malpractice insurance sector is seeing continued consolidation among carriers, agents, and medical professionals; growth in financial...
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Insurtech AI Leader Betterview Appoints Dan Shoham, PhD, as Chief Science Officer
Bill Sinn | March 21, 2019
“Betterview’s New Chief Science Officer Dr. Dan Shoham will Lead Betterview’s Predictive Analytics and Computer Vision Teams...
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MVP Advisory Group and Insurity, Inc. Announce Partnership to Provide Digital, Data and Managed Services to P&C Insurers
Bill Sinn | March 15, 2019
Partnership helps carriers plan and execute transformation strategies, providing holistic sustainable solutions that drive insurers’ digital business...
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30% of Insurers Plan to Expand Use of Blended IT Staffing, Novarica Profiles 41 Vendor Solution Providers
Bill Sinn | March 12, 2019
IT services providers fulfill demands for modernization, innovation, and rare skill sets...
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HazardHub Introduces Mold Susceptibility Database and Updated Fire Station and Wildfire Data
Bill Sinn | March 11, 2019
HazardHub, the nation’s fastest-growing supplier of geospatial risk data, is pleased to announce the launch of two brand new data sets and updates to...
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30% of Insurers Plan to Expand Data Science Programs, Novarica Finds
Bill Sinn | March 07, 2019
Test-and-learn approach and collaboration with third-party sources lessen risk of analytics inaccuracies...
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Maryland Department of Transportation MTA, Selects PCIS ClaimsVISION Claims & Risk Management System
Bill Sinn | March 07, 2019
PCIS’ data migration services and advanced claims technology key to MTA decision...
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MVP Advisory Group Names Ajay Kelshiker Data & Analytics Partner
Bill Sinn | March 07, 2019
Consulting Firm Adds Partner in its Data & Analytics Practice...
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Armed Forces Insurance Joins Roost® Home Telematics Program
Bill Sinn | March 05, 2019
Smart Sensor Deployment to Drive Claims Mitigation and Digital Engagement...
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HazardHub’s HydrantHub Passes 10 Million Fire Hydrant Locations Nationwide
Bill Sinn | March 04, 2019
HazardHub, the nation’s fastest-growing supplier of geospatial risk data, has announced that HydrantHub – the nation’s first and only addressable...
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Group Insurers Investing in Tech to Drive Customer Acquisition and Retention, Says Novarica
Bill Sinn | February 19, 2019
Digital and Analytics Capabilities Are Competitive Necessities in Growing Market...
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RLI Selects DataCubes to Optimize Certain Underwriting Processes
Bill Sinn | February 14, 2019
Insurtech Startup to Help Specialty Insurer Improve Customer Experience and Productivity...
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Reinsurance Software WebXL Version 4.3 Released by Prima Solutions-Effisoft Group
Bill Sinn | February 14, 2019
New software release optimizes ceded property-casualty and life reinsurance management...
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Promutuel Insurance Extends Guidewire PolicyCenter to Support Personal Lines Including Data Management and Policyholder Digital Engagement
Bill Sinn | February 12, 2019
Promutuel Insurance, one of Quebec’s largest Property and Casualty (P&C) insurers, and Guidewire Software, Inc. (NYSE: GWRE), provider of the industry...
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Conifer Insurance Company Partners with InsurTech AI Startup Betterview to Deliver Data & Analytics on Commercial Buildings and Properties
Bill Sinn | January 31, 2019
Betterview, which is quickly becoming the platform essential to every transaction around buildings and properties, today announced a partnership with...
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CONTACT Software launches own AI unit
Bill Sinn | January 31, 2019
With the new Data Science Group, CONTACT Software underlines its commitment in the field of Artificial Intelligence (AI...
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More Than Half of Insurers are Expanding Their Master Data Management Initiatives in 2019, Says Novarica
Bill Sinn | January 29, 2019
Maintaining control over high-quality data critical for digitalization, growth of analytics, and regulatory compliance...
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Aite Group Gives EIS Suite Top Marks for Insurance Data Integration Capabilities
Bill Sinn | January 22, 2019
Aite recognizes EIS Suite as an “extremely data-focused platform” with no limitations on incorporating data into any core process...
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Ventus Risk partners with HazardHub for location-specific data
Bill Sinn | January 21, 2019
HazardHub, the nation’s fastest-growing supplier of geospatial risk data, is pleased to announce that Ventus Risk Management (www.ventusrisk.com) has...
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2019 Global Insurance Accelerator Cohort Reflects Evolution of InsurTech
Bill Sinn | January 09, 2019
Strategic, targeted applications of emerging technologies seek validation and traction in U.S. insurance capital, Des Moines, Iowa...
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HazardHub Celebrates 2018
Bill Sinn | January 01, 2019
Everyone wants to rush in the new year - we thought we'd take a little time to celebrate everything that's happened over that last 12 months...
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CALIFORNIA CASUALTY SELECTS GUIDEWIRE SYSTEMS FOR REAL-TIME AND PREDICTIVE ANALYTICS
Staff Writer | March 29, 2018
California-based personal auto and home insurer to leverage Guidewire analytics products to gain greater business insight and drive customer...
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Digital Age Shift Requires Data Mastery by Insurers: Majesco Report
Staff Writer | August 24, 2017
The digital age has ushered in dramatic changes in the types and volumes of data available as well as the tools and techniques to extract insight and...
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RAS Adopts Valen’s Platform to Improve Underwriting and BI
Staff Writer | August 24, 2017
Valen Analytics, an Insurity company, announces a new customer engagement with Risk Administration Services (RAS), a writer of workers’ compensation...
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Verisk Analytics to Acquire Sequel
Staff Writer | August 21, 2017
Verisk Analytics has signed a definitive agreement to acquire Sequel from HgCapital and other Sequel shareholders. Sequel is a leading insurance and...
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Insurance Technologies Expands Integration to Support Enterprise, Individual Accounts
Staff Writer | July 31, 2017
Insurance Technologies announces the integration expansion between FireLight and Redtail CRM, a client management solution by Redtail Technology...
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UCT Adds Moroz as Sales Director
Staff Writer | July 17, 2017
Universal Conversion Technologies (UCT), a subsidiary of EquiSoft that specializes in life and annuity data migration, announces the appointment of...
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SE2 and NTT DATA Expand Partnership in Life & Annuity Market
Staff Writer | July 24, 2017
SE2, a third-party administration company for life and annuity insurers, and NTT DATA Services have expanded their partnership to create a...
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Sapiens to Leverage Microsoft’s Data Centers for Cloud-Based Services in South Africa
Staff Writer | July 24, 2017
Sapiens International Corporation announces it intends to leverage Microsoft’s two new data centers for its cloud-based services in South Africa...
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SPLICE Releases Data-Driven Voice Apps for Alexa Skills
Staff Writer | June 19, 2017
SPLICE Software, which specializes in using Big Data and artificial intelligence to drive customer engagement, announces the release of new data-...
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Finys Announces Release of Business Intelligence Solution
Staff Writer | June 19, 2017
Innovative Computer Systems (ICS), developer of the Finys Suite, announces the immediate availability of Finys Business Intelligence, a new BI and...
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TomTom Telematics Flows Commercial Driving Data to Verisk
Staff Writer | June 13, 2017
TomTom Telematics Flows Commercial Driving Data to Verisk...
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Adlib Launches Data Capture Solution on Google Cloud Platform
Staff Writer | June 13, 2017
Adlib, a content standardization, conversion, and classification solutions provider, announces its collaboration with Google Cloud Platform to bring...
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AlaCOMP Adopts Valen Solution to Improve WC Risk Selection, Pricing
Staff Writer | May 24, 2017
Valen Analytics, an Insurity company, announces a client engagement with AlaCOMP, an Alabama workers’ compensation self-insurance fund...
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Central Mutual Selects Insurity’s Enterprise Data Solution
Staff Writer | May 23, 2017
Insurity announces Central Mutual Insurance Company has chosen Insurity’s Insurance Enterprise View...
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EIS to Use Microsoft Bot Framework to Deliver AI Services
Staff Writer | May 10, 2017
EIS Group announces the EIS Digital Experience Platform (DXP) has integrated with and is using Microsoft Bot Framework to deliver intelligent...
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Solartis Adds Lines of Business to Library of ISO Electronic Rating Content
Staff Writer | May 09, 2017
Solartis announces the commercial availability of ISO Businessowners Policy and Commercial Umbrella rating data and rules for quote and policy life...
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Valen Study Shows Analytics Help Insurers Outperform Market Averages
Staff Writer | May 04, 2017
Valen Analytics, an Insurity company, announces their annual five-year ROI study. From 2012-2016, Valen customers collectively saw an average of 25...
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ISO Launches Market Landscape Dashboard
Staff Writer | April 11, 2017
ISO announces the launch of ISO Market Landscape, an interactive dashboard that allows insurance professionals across disciplines to visualize and...
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Pegasystems Research Reveals Confusion about AI
Staff Writer | April 04, 2017
A new global study released by Pegasystems reveals consumers are confused about what artificial intelligence (AI) really does, resulting in misplaced...
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UK Insurance Broker Chooses Guidewire Core, Data Systems
Staff Writer | April 04, 2017
Saga Services and Guidewire Software announce that Saga has selected Guidewire PolicyCenter, Guidewire BillingCenter, Rating Management, Client Data...
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Large Majority of Insurers Believe Leveraging Smart Technology Will Attract Customers
Staff Writer | April 04, 2017
NTT Data announces the release of research findings that show 83 percent of U.S. insurers offering homeowners policies believe smart home and Internet...
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Safety National Chooses Guidewire’s Billing, Data and Analytics Software
Staff Writer | March 06, 2017
Safety National Casualty Corporation and Guidewire Software announce that Safety National has selected Guidewire BillingCenter, DataHub, and...
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Majesco Launches New Data Solutions
Staff Writer | February 28, 2017
Majesco announces the launch of two new solutions, Majesco Enterprise Data Model and Majesco Enterprise Data Warehouse...
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The Four Vs of Data: Volume, Variety, Velocity, Veracity
Bill Jenkins | February 28, 2017
Traditional policy administration systems have been architected and designed to handle large volumes of operational data, in specified formats and to...
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Georgia Farm Bureau Advances Capabilities with Cloverleaf Analytics
Staff Writer | February 24, 2017
Georgia Farm Bureau Mutual Insurance Company selects Cloverleaf Analytics’ advanced insurance business intelligence solution as their analytics...
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Verisk Analytics Acquires Healix Risk Rating
Staff Writer | February 17, 2017
Verisk Analytics announces the acquisition of Healix Risk Rating, a leader in automated medical risk assessment for the travel insurance industry...
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Promutuel Picks Guidewire’s Data Management Solution
Staff Writer | February 10, 2017
Promutuel Insurance and Guidewire Software announce that Promutuel Insurance has selected Guidewire DataHub to support its enterprise-wide data...
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Insurity Acquires Valen Analytics
Staff Writer | January 26, 2017
Insurity announced its acquisition of Valen Analytics, a provider of proprietary data, analytics, and predictive modeling for P&C insurers...
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Verisk Acquires Risk Modeling Firm Arium
Staff Writer | January 23, 2017
Verisk Analytics announces it has acquired Arium, an independent company specializing in liability risk modeling and decision support...
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Study Finds Consumers Welcome Discounts for Using Smart Devices
Staff Writer | January 17, 2017
Two out of three U.S. homeowners’ insurance customers would be willing to change insurance companies to get policy discounts for using smart home...
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Valen Analytics Calls for Mindset Shift with Release of 2017 Outlook Report
Staff Writer | January 13, 2017
Valen Analytics released its “2017 Outlook Report,” which highlights the critical path for insurance companies during a time of economic instability...
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Duck Creek Bolsters Data Management Capabilities with Acquisition of Yodil
Staff Writer | January 04, 2017
Duck Creek Technologies announces the acquisition of Yodil, a pioneer in insurance data management solutions...
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Novarica: Insurers Show More Interest in BI Solutions
Staff Writer | January 04, 2017
Insurers continue to show growing interest in business intelligence implementation to improve data and analytics capabilities...
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Pitney Bowes Partners with Hortonworks for Modern Data Solutions
Staff Writer | January 04, 2017
...
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Verisk, Duck Creek Expand Relationship Through Data Exchange
Staff Writer | December 21, 2016
Verisk Insurance Solutions announces an agreement with Duck Creek Technologies that will enable Duck Creek customers to access the Verisk Data...
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California Approves Location, Inc., Crime Analytics for Rate Filing
Staff Writer | December 20, 2016
Location, Inc., a provider of U.S. location-based analytics, announces that the California Department of Insurance (DOI) has approved its predictive...
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UFG Picks Valen Analytics to Bolster Commercial Auto Underwriting
Staff Writer | December 13, 2016
Valen Analytics announces a new customer engagement with United Fire Group (UFG) a property and casualty and life insurance carrier headquartered in...
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Verisk Analytics Acquires MarketStance
Staff Writer | November 30, 2016
Verisk Analytics announces the acquisition of MarketStance, a provider of market intelligence data and analytics to the property & casualty insurance...
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Crystal Chooses RiskMatch Digital Technology
Staff Writer | November 21, 2016
Crystal & Company, a leading strategic risk and insurance advisor, selects RiskMatch for data and analytics, to provide digital technology to its...
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Blockchain Offers Disruption, Opportunity for Insurers
Staff Writer | November 21, 2016
When Novarica published its 2015 report on blockchain, the concept had not yet become relevant to the insurance industry...
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Pitney Bowes Geospatial API Available on AWS Marketplace
Staff Writer | November 18, 2016
Pitney Bowes announces that the Pitney Bowes Geospatial API is now available with direct SaaS subscriptions on AWS Marketplace...
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Acuity Selects Valen Analytics to Empower Underwriters
Staff Writer | November 15, 2016
Valen Analytics announces a new customer engagement with Acuity, a nationally recognized property and casualty insurer that manages over $3.5 billion...
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Verisk Analytics Acquires GeoInformation Group
Staff Writer | November 14, 2016
Verisk Analytics announces the acquisition of The GeoInformation Group, a leader in the field of geographic data solutions based in Cambridge, United...
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Pitney Bowes, IBM Power Geospatial Analytics for Mobile Applications
Staff Writer | October 24, 2016
Pitney Bowes announces that it is working with IBM to deliver deeper location-based insights for enhanced customer experiences...
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ThetaRay Analytics Platform Detects Threats, Opportunities
Staff Writer | October 24, 2016
ThetaRay announces an advanced analytics platform, THETA, which provides data analytics methodologies and forensics to help protect financial...
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Verisk Adds Analyze Re to its AIR Worldwide Business
Staff Writer | October 24, 2016
Verisk Analytics announces it has acquired Analyze Re, a software analytics provider for the reinsurance and insurance industries...
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Nationwide Selects Guidewire’s Data, Analytics Solutions
Staff Writer | October 21, 2016
Nationwide, one of the largest insurance and financial services companies in the United States, and Guidewire Software announce that Nationwide has...
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New Mexico Mutual Bolsters Underwriting with Valen Platform
Staff Writer | September 28, 2016
Valen Analytics announces a new customer engagement with New Mexico Mutual, the state’s largest writer of workers’ compensation insurance...
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American Modern Deploys Guidewire’s Core, Data Products
Staff Writer | September 15, 2016
Guidewire Software announces that American Modern Insurance Group, a leading provider of residential and recreational specialty insurance, has...
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Medical Protection Society Expands Strategic Relationship with Sapiens
Staff Writer | August 08, 2016
Sapiens International announces that Medical Protection Society, an organization for doctors, dentists and healthcare professionals, has expanded its...
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Island Insurance Improves Underwriting with Valen Analytics
Staff Writer | July 28, 2016
Valen Analytics announces a new customer engagement with Island Insurance, Hawaii’s largest locally-owned property and casualty insurer...
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Jefferson National Partners with Laser App Software
Staff Writer | July 26, 2016
Laser App Software announces that Jefferson National has chosen to incorporate their application and other forms into Laser App Software’s Library...
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Solera Announces Plan to Purchase Enservio
Staff Writer | July 21, 2016
Solera Holdings, a provider of cognitive technologies for the automotive and home ownership ecosystems, announces it has entered into a definitive...
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Ascension Selects RiskMatch for Data, Analytics
Staff Writer | July 21, 2016
Ascension Insurance, Inc., a national insurance agency, selects RiskMatch for data and analytics to help facilitate its collaborative client service...
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Novarica Survey Shows Areas of Investment for Commercial Lines Insurers
Staff Writer | July 20, 2016
Technology investments to support data initiatives are increasingly important as commercial lines insurers look to leverage data from a wider variety...
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NFU Mutual Adds ClaimCenter to its Technology Platform
Staff Writer | July 19, 2016
NFU Mutual, the UK’s leading rural insurer, and Guidewire Software announce that NFU Mutual has selected Guidewire core operations, data and analytics...
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Valen Underwriting Survey Shows Hesitancy from Carriers
Staff Writer | July 12, 2016
Valen Analytics announces the findings from their second annual underwriting analytics survey...
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Cobbs Allen Selects RiskMatch for Data, Analytics
Staff Writer | July 01, 2016
Cobbs Allen, a national insurance and risk management firm, selects RiskMatch for data and analytics...
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HSB Expands Use of Guidewire Systems for Underwriting, Policies, Billing, Data
Staff Writer | June 30, 2016
The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, and Guidewire Software, Inc., announce that HSB has deployed...
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Insurity Creates Separate Business Unit for Data Solutions
Staff Writer | June 22, 2016
Building upon their growth strategy, Insurity announces the creation of a separate business unit for data solutions...
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SecurityGauge Provides Insurers with Crime Analytics, Maps, Data
Staff Writer | May 12, 2016
Location, Inc., a provider of location-based data, tools and services, used by over 44 million people and businesses, announces it has updated its...
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Capgemini Offers New QA Testing Platform
Staff Writer | May 10, 2016
Capgemini announces the launch of its Smart Quality Assurance testing ecosystem for financial services institutions...
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Verisk Launches Web Integration Option for Online Homeowners Quotes
Staff Writer | May 10, 2016
Verisk Insurance Solutions announces that it is launching a new web integration option for its 360Value service that enhances the customer experience...
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Guidewire, FICO Work to Solve Fraud Mitigation Challenges
Staff Writer | April 28, 2016
Guidewire Software announces a strategic relationship with FICO, a leading analytics company, hat will see the two companies work together to help...
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Verisk Analytics Acquires Risk Intelligence Ireland
Staff Writer | April 14, 2016
Verisk Analytics announces the acquisition of Risk Intelligence Ireland...
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Sapiens Launches Advanced Analytics Solution
Staff Writer | March 31, 2016
Sapiens International announces the general availability of Sapiens INTELLIGENCE, a business intelligence and advanced analytics solution specifically...
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Guidewire Acquires EagleEye Analytics
Staff Writer | March 29, 2016
Guidewire Software announces that it has agreed to acquire EagleEye Analytics, a provider of SaaS-based predictive analytics products specifically...
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Valen Releases Predictive Models for Commercial Auto Carriers
Staff Writer | March 02, 2016
Valen Analytics announces its Risk Score for commercial auto insurance within the InsureRight Platform...
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ISCS Launches BI Component to SurePower Solution
Staff Writer | February 25, 2016
ISCS announces the launch and immediate availability of SurePower Insights, a function-rich, mobile-friendly business intelligence and analytics...
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Insurers Follow Parallel Paths of Data Strategy
Jeffrey Goldberg | February 23, 2016
The exact breakdown (or naming) of these data strategy paths can vary from company to company depending on priorities and opinion...
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Sapiens Expands Suite with New Software, Services
Staff Writer | January 26, 2016
Sapiens International announces the expansion of its business decision management solution, Sapiens Decision Suite with the introduction of Decision...
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Boston Mutual Partners with Onyx Data Solutions
Staff Writer | January 13, 2016
Boston Mutual Life Insurance Company announced it has partnered with Onyx Data Solutions to develop and implement a comprehensive IT strategy...
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The Carlyle Group Acquires Innovation Group; Rebrands Software Business to 1insurer
Staff Writer | January 08, 2016
The Innovation Group (Innovation Group) and 1insurer, the newly branded software business of Innovation Group, announce the completion of the company'...
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Verisk Appoints Churney President of Its AIR Worldwide Firm
Staff Writer | January 07, 2016
Verisk Analytics announces the appointment of Bill Churney to the position of president of its AIR Worldwide business...
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Verisk Announces General Liability Underwriting Report
Staff Writer | January 05, 2016
Verisk Insurance Solutions introduces a new report that offers insurers a comprehensive, single-source point-of-sale report for underwriting general...
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Lockton Selects EigenRisk Platform for Catastrophe Modeling
Staff Writer | January 05, 2016
Lockton Companies selects EigenPrism, the EigenRisk platform for catastrophe exposure analytics and modeling, to enhance its ability to address the...
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LUBA Workers’ Comp Integrates Valen Analytics Applications
Staff Writer | December 17, 2015
Valen Analytics announces a new customer engagement with LUBA Workers’ Comp...
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Livegenic, Insurity Win ACORD’s First Insurance Innovation Challenge
Staff Writer | November 05, 2015
ACORD announces that Livegenic and Insurity were selected as winners of the 2015 ACORD Insurance Innovation Challenge during the ACORD 2015 Conference...
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Pentland Joins Social Intelligence as Advisor
Staff Writer | October 30, 2015
Social Intelligence, a provider of social media risk assessment tools and data for the insurance industry, announces that MIT professor, Alex "Sandy...
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Innovation Group Releases New Version of Insurer Analytics
Staff Writer | October 28, 2015
The Innovation Group announce the immediate availability of version 7.5 of Insurer Analytics, the integrated analytics component of the Innovation...
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Prepared Insurance Integrates Verisk Analytics Tool to Support Expansion
Staff Writer | October 07, 2015
Verisk Insurance Solutions announces that Prepared Insurance Company has integrated Verisk's underwriting analytics into its policy management system...
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American Family Insurance Selects Analytics from Innovation Group
Staff Writer | October 05, 2015
The Innovation Group announces American Family Insurance has selected Insurer Analytics, a modern analytics solution that is a component in the...
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What Lies Ahead in 2020 for Insurance IT
Robert Regis Hyle | September 25, 2015
Looking ahead is not easy, particularly when technology for the entire world—even the insurance industry—is changing so quickly. What we do know is...
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Valen Survey Shows Actuaries, Underwriters at Odds Over Pricing
Staff Writer | September 16, 2015
Valen Analytics announces findings from a survey confirming a long-standing internal conflict remains over pricing, spotlighting a fundamental issue...
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Fidelity National Title Group Goes Live with Upgrade to Insurer Analytics
Staff Writer | September 16, 2015
The Innovation Group announces that Fidelity National Title Group (FNTG) has successfully upgraded to the latest version of Insurer Analytics, a...
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Amica Combats Fraud with SAS Analytics Tool
Staff Writer | September 14, 2015
With the implementation of the SAS Fraud Framework for Insurance, Amica Insurance has shown its commitment to putting policyholders first and...
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Will Emerging Technologies, Innovation Transform the Insurance Customer Experience?
Mark Breading | September 08, 2015
The world is abuzz with the potential of a new wave of emerging technologies aimed at transforming business, society, and our daily lives...
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Majesco Launches Business Analytics as Part of Data Offering
Staff Writer | August 13, 2015
Majesco announced the launch of Majesco Business Analytics on the foundation of a robust and proven BI / analytics solution, Cover-All BI exclusively...
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Texas Mutual Selects Guidewire for Data Management, BI
Staff Writer | August 13, 2015
Texas Mutual Insurance Company announces it has selected Guidewire DataHub and InfoCenter to support its enterprise-wide data management and business...
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Risks Are Out of Focus Without Predictive Analytics
Andre Nieuwendam | July 27, 2015
We are, by definition, creatures of habit. That being said, if you haven’t given predictive analytics a first look as it applies to your corporate...
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Novarica Study Highlights Analytics and Big Data Capabilities at U.S. Insurers
Staff Writer | June 24, 2015
All across the insurance industry, business intelligence and analytics are top priorities, and the importance has only increased over the last few...
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Insurity Adds Capabilities, Simplifies Integration for its IEV Data Solution
Staff Writer | June 08, 2015
Insurity, a provider of core insurance processing and data integration and analysis solutions, announces enhancements to its Insurance Enterprise View...
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Frank Winston Crum Insurance Selects Valen for Underwriting Process
Staff Writer | May 29, 2015
Valen Analytics announces a new customer relationship with Frank Winston Crum Insurance Company (FWCI), a commercial insurance carrier that...
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Instec Delivers Support for Big Data in Quicksolver System
Staff Writer | May 15, 2015
Quicksolver now supports Microsoft’s Excel Power Pivot for reporting and analytics and Azure Machine Learning for predictive modeling, providing...
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Agencyport, Valen Partner to Help Commercial Lines Carrier Reduce Costs, Improve Risk Selection
Staff Writer | May 13, 2015
Agencyport Software and Valen Analytics announce that mutual customer, Baldwin & Lyons, will integrate solutions from each vendor to help control...
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Data Governance Breaks It All Down for Insurers
Robert Regis Hyle | April 20, 2015
It all sounds so simple. Insurers collect data, analyze it, and make intelligent business decisions with it. Getting from Step A to Step C is the...
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Underwriter Adoption Cited as Biggest Concern in Survey by Valen
Staff Writer | April 17, 2015
Valen Analytics announces their findings from a survey conducted at the second annual Valen Analytics Summit in March...
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Western National Chooses Valen to Bolster Underwriting Insights
Staff Writer | April 07, 2015
Valen Analytics announces a new customer engagement with Western National Insurance Group, a private mutual insurer with over 100 years of experience...
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Predictive Models: Right Place + Right Time = Better Decisions
JJ Jagannathan | April 06, 2015
Predictive modeling is a powerful tool that can help make better business decisions in every segment of the P&C insurance value chain...
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Novarica Expects IoT Will Begin to Impact Specialty Lines Carriers
Staff Writer | April 02, 2015
The specialty lines insurance marketplace continues to be extremely competitive and requires a significant amount of operational flexibility to meet...
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Sapiens to Acquire IBEXI Solutions
Staff Writer | March 31, 2015
Sapiens International Corp., announces it has signed a definitive agreement, subject to closing conditions, to acquire IBEXI Solutions Private Limited...
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Call It What You Want, Just Be Sure Governance Is in Place
Robert Regis Hyle | March 24, 2015
Data governance is as important and complicated a process for insurance carriers as anything they deal with...
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ISO ClaimSearch Draws on Big Data, Predictive Analytics to Fight Insurance Fraud
Staff Writer | March 19, 2015
Verisk Insurance Solutions announces a new solution to the growing claims fraud problem: ISO ClaimSearch DNA...
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Data is the Currency for Insurance Carriers
Robert Regis Hyle | March 10, 2015
Companies are generally valued by the amount of sales they make, or in the case of insurance carriers, the amount of premium dollars generated...
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ISO Assists Companies in Creating Their Own Predictive Analytics
Staff Writer | February 18, 2015
ISO expands its suite of predictive modeling tools with the launch of ISO RiskElements, a new service that provides companies with the high-quality...
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Commercial Auto Prefill from Verisk Streamlines Pricing, Underwriting
Staff Writer | February 03, 2015
Verisk Insurance Solutions releases Verisk Commercial Auto Prefill to streamline the commercial auto pricing and underwriting process...
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ISO Risk Analyzer Enhances Rating Toolkit
Staff Writer | January 28, 2015
ISO announces today the availability of its latest predictive analytic offering to help insurers increase accuracy in risk selection and pricing for...
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SunGard Insurance BI Tool Adds Investment Performance Capabilities
Staff Writer | December 12, 2014
SunGard has released the performance component of its iWorks Investments business intelligence dashboard solution, a cloud-based and mobile-enabled BI...
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Feeding the Beast: Three Data Value Considerations
David Lukens | November 24, 2014
Insurance carriers have traditionally used predictive models for pricing, using credit-based insurance scores, and general linear model or GLM-based...
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Valen Report Quantifies Effects of Adverse Selection in Commercial Lines
Staff Writer | November 07, 2014
Valen Analytics released its 2015 Outlook: Commercial Lines report, addressing the top challenges and opportunities in the industry...
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SunGard Poll Discovers Changes in Actuarial Risk Modeling Practices
Staff Writer | October 23, 2014
SunGard released the results of a survey on actuarial risk modeling in North America, which highlights increased demand among insurance carriers for...
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Analytics for Homeowners Ratemaking on the Rise: Verisk/Earnix Study
Staff Writer | October 23, 2014
Verisk Insurance Solutions and Earnix released the results of a joint industry study that reveals the use of analytics for homeowners ratemaking is...
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Is Price Optimization a Dirty Word?
Monique Hesseling | October 07, 2014
There seems to be a misperception about what price optimization really is, largely driven by publicized assumptions that it will only serve the best...
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Insurers Demand Analytics on the Go
Cynthia Walker | September 29, 2014
Secure, mobile insurance industry data offers high value insights on any device, anytime, anywhere...
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Instec, SNL iPartners Forge Alliance in the Commercial P&C Market
Staff Writer | September 10, 2014
Instec announces its partnership with SNL iPartners. This strategic alliance means policy data from Quicksolver, Instec’s policy administration system...
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StoneRiver, 4Sight Business Intelligence Form Strategic Partnership
Staff Writer | August 28, 2014
4Sight Business Intelligence, Inc., and StoneRiver, Inc., announce a strategic business alliance...
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Data Wears the Crown for Insurance Actuaries
Robert Regis Hyle | August 19, 2014
Data is king at Glatfelter Insurance Group because, from an actuarial perspective, unless there is good, clean data and easy access to that data, the...
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Defining Terms in the Digital Revolution
Denise Garth | August 11, 2014
Just like the opening lines of Hamlet's famous soliloquy, "To be or not to be, that is the question," another question is being asked in that familiar...
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Sapiens Acquires Decision Management Consultancy
Staff Writer | August 05, 2014
Sapiens International Corp., announces the acquisition of Knowledge Partners International (KPI), a decision management consultancy, services, and...
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SMA Introduces Data Mastery Model
Staff Writer | July 17, 2014
Strategy Meets Action has released a new research report, Data Mastery in Insurance: A Path to Insight, Intelligence, and Innovation. The report...
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The Real Problem With Data Governance
Robert Regis Hyle | July 14, 2014
I believe the problem insurance carriers have with data governance is simple: It’s the title. Governance brings with it a set of baggage that scares...
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Valen Releases New Risk Score Solution for Workers’ Comp Insurers
Staff Writer | July 09, 2014
Valen Analytics announces its new Risk Score for workers’ compensation within the InsureRight Platform. Last updated in 2010, the new Risk Score is...
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ISO Releases Next Generation of ISO MarketWatch
Staff Writer | July 07, 2014
ISO releases the next generation of ISO MarketWatch premium-change reports. The new reports highlight pricing trend and market cycle analyses by...
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BI + Analytics + Metrics do not (Necessarily) = Love
Donald Light | July 07, 2014
I have been a customer of my primary insurer for over 20 years. I’ve had auto, homeowners and personal umbrella with them—with a substantial combined...
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SMA Research: P&C Insurers Expand Analytics into New Business Areas
Staff Writer | June 20, 2014
Strategy Meets Action (SMA) announces a new research report, “Data and Analytics in Insurance: P&C Insurer Strategic Priorities and Operational Plans...
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Data Is Never Beyond Reproach
Robert Regis Hyle | June 03, 2014
One impulse with technology is to assume it somehow makes everything we do work better, but as you can see with Bryant Tow’s blog published this week...
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Bringing Science to Data and Analytics
Robert Regis Hyle | May 12, 2014
There seems little doubt that Murli Buluswar has the most interesting title in the insurance field today. The Chief Science Officer for AIG spoke at...
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Western National Selects SiSi Group for Billing Data Conversion Project
Staff Writer | May 09, 2014
Strategic Insurance Systems Initiatives Group (SiSi Group), an insurance technical staffing and support firm, announces that Minnesota based Western...
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LexisNexis Solution Predicts Commercial Auto Scores
Staff Writer | May 06, 2014
LexisNexis Risk Solutions announces the availability of LexisNexis Attract for commercial auto underwriting, a proprietary predictive analytics model...
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Memories of Manual Rating
Karlyn Carnahan | May 05, 2014
Once upon a time, long ago when I was an underwriter, we manually rated risks—yes, on a napkin—and quoted them over the phone. Risk assessment was...
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Study Shows Collision Avoidance Systems Can Decrease Accidents by 40 percent
Staff Writer | May 02, 2014
Nearly 3,400 people die on the world's roads every day. Can technology help prevent this top-10 leading cause of death...
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Centralize Data to Accelerate Core System Replacement
Jack Plunkett | April 28, 2014
So, you've invested in a modern core system. Congratulations. As you are no doubt aware, this is the critical first step in your business...
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Western National Chooses Insurance Scorecard
Staff Writer | April 24, 2014
SNL iPartners announces that Western National Insurance Group has chosen SNL iPartners’ business intelligence and data warehousing solution Insurance...
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Data Catching Up With Core Systems Conversation
Robert Regis Hyle | April 21, 2014
For years, the main discussion point surrounding insurance technology involved core systems. It still remains at the top of the list, but inching its...
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2014 Priorities Checklist: What’s on Your Radar?
Karen Furtado | April 21, 2014
As one would expect, there is a strong linkage between the most pressing P&C business solution projects and the investments currently being made in...
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The Right Concoction of Science and Data
Robert Regis Hyle | March 31, 2014
It hasn’t been too long ago that a number of people were discussing the issue of CIOs having a seat at the table. With the size of today’s IT staffs...
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Outsiders Provide Next Challenge for Insurers
Robert Regis Hyle | March 24, 2014
One of our goals when we launched the ITA Pro magazine and website was to look beyond what was happening today and spend some time examining the goals...
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Analytics, Basketball, and the Perfect NCAA Bracket
Robert Regis Hyle | March 17, 2014
Analytics assists people on a daily basis to learn more about their business, customers, and pretty much anything that is going on in the world...
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Celent Reports Examines Effect of Big Data on Customers
Staff Writer | March 13, 2014
Are insurance policyholders interested in taking advantage of the mountains of data that carriers have compiled on their policyholders and the flow of...
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Pitney Bowes Enhances Data Management Capabilities for Spectrum Platform
Staff Writer | March 12, 2014
Pitney Bowes Inc. announces a new release of its Spectrum Technology Platform, providing integrated data quality, data integration, master data...
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DTCC, IAP Collaborate on Market Intelligence Solution
Staff Writer | March 11, 2014
The Depository Trust & Clearing Corporation (DTCC) and Information Asset Partners (IAP) announce the launch of a new IAP solution that will provide...
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Enterprise Data Platforms: The Perfect Complement to Data Strategies
Bruce F. Broussard, Jr. | February 10, 2014
The essence of the insurance industry is analyzing information to understand and evaluate risks. To do that most effectively, insurance organizations...
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Insurers Look Into The Eyes of Their Policyholders
Robert Regis Hyle | February 10, 2014
The use of analytics to look into the hearts and minds of policyholders has provided insurers a tool that can change the way they look at their...
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American Modern Picks Guidewire for Data Management, BI Solutions
Staff Writer | February 10, 2014
American Modern Insurance Group, a U.S. specialty insurer, and Guidewire Software announced that American Modern has selected Guidewire DataHub and...
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INSURANCE IT NEWS
- Digital Insurance Platform Honeycomb Launches with $3.3 Mil Raise
- Kin Insurance Bolsters Leadership Team
- Accenture Makes Strategic Investment in Digital Payments Company Imburse
- Integrity Adds Montalto United Insurance Agency to its Partners
- Analytics Provider Arturo Taps Strategic New Hires
- Claims Management Platform handdii Raises $3M
- Mark Cuban Joins dClimate as Investor and Strategic Advisor
- SafeAuto Improves Customer with Successful insured.io Implementation
ELECTRONIC CHAT
The Email Chat is a regular feature of the ITA Pro magazine and website. We send a series of questions to an insurance IT leader in search of thought-provoking responses on important issues facing the insurance industry.
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Electronic Chat with Candice Smith, Founder and CEO, Caregiven
Laura Mazzuca Toops
Caregiven provides accessible digital health solutions to family caregivers to help them feel less overwhelmed and have more meaningful time with... READ MORE
ITA LIVE 2020
ITA LIVE 2020 –SAVE THE DATE!
April 5th – 7th, 2020
The Diplomat Resort
Hollywood, FL
Become a member today to receive updates – www.itapro.org/MR
BLOGS AND COLUMNS
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A friction-filled process is no longer a sustainable competitive advantage... READ MORE
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What's AI-Right and AI-Wrong?
Marty Ellingsworth
The use of AI raises a plethora of ethical questions. Can you pass the AI ethics quiz... READ MORE
only online
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Down Market Opportunities Beckon Benefits Insurers
You have surely heard it said that small businesses are the growth engine for America. Today, the phrase has a special ring to it for benefits... READ MORE
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Technology at the Heart of Change in Insurance
With stagnant growth and lingering low interest rates, the life insurance industry faces a challenging future... READ MORE
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Got Policies? IVANS Service Helps Feed Commercial Lines Producers
Finding insurance carriers willing to write commercial lines risks has always been a challenge for producers... READ MORE
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Technology Changes Coming Faster than Ever for Insurers
As Guidewire Software prepares for the start of Connections, its 11th annual user conference that begins on Nov. 2, Brian Desmond, chief marketing... READ MORE
Vendor Views
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The Giant Hole in Actuarial Models
Hint: garbage in, garbage out... READ MORE
- Vendor Views
Partner News
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Big Data and Insurtech: A Carrier Perspective
Insurance has always relied on large volumes of data to gauge customer behavior and more. But as big data has gotten bigger, insurtech has empowered... READ MORE
- Partner News