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Insights 2017 Article: Big Data Analytics: Changing the Calculus of Insurance
Across all industries, reports Accenture, 89 percent of large companies say big data is going to revolutionize business operations, with changes predicted to be on a scale comparable with how the internet changed the way people work in the 1990s.1 Insurance companies are part of this revolution, which is upending the way they underwrite, handle claims, control losses, develop new products, and service customers.
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Insights 2017 Article: Looking Ahead: Insurance Applications for the Blockchain
While blockchain technology has been around for several years, financial services firms are only now starting to look at its applicability. Many large banks are developing proof of concepts for their back-office processing and settlement functions, and several consortia are working to establish industry-wide processes and technology. Predicting the future impact of technology as new as the blockchain is always difficult, but several real-world scenarios could apply to the insurance industry.
Loss Control for High-Value Goods
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Insights 2016 Article: The Edge of Tomorrow: The Future of Personal Lines Insurance
Editor’s Note:
Information in this article is based on material shared during the 2016 Annual Meeting session of the same name, which also included speakers Brian Grieff, MS, CPCU, AIM, of USAA, and Charlie Kingdollar, of GenRe.
“It is better to race with the machines rather than race against them.”
— Erik Brynjolfsson, director of the MIT Initiative on the Digital Economy
Our world is rapidly transforming along with astonishing exponential growth in technology.
- Read full article
- Comments(0) To comment, please Sign In
Pages
Pages
Insights 2017 Article: Big Data Analytics: Changing the Calculus of Insurance
Across all industries, reports Accenture, 89 percent of large companies say big data is going to revolutionize business operations, with changes predicted to be on a scale comparable with how the internet changed the way people work in the 1990s.1 Insurance companies are part of this revolution, which is upending the way they underwrite, handle claims, control losses, develop new products, and service customers.
- Read full article
- Comments(0) To comment, please Sign In
Insights 2017 Article: Looking Ahead: Insurance Applications for the Blockchain
While blockchain technology has been around for several years, financial services firms are only now starting to look at its applicability. Many large banks are developing proof of concepts for their back-office processing and settlement functions, and several consortia are working to establish industry-wide processes and technology. Predicting the future impact of technology as new as the blockchain is always difficult, but several real-world scenarios could apply to the insurance industry.
Loss Control for High-Value Goods
- Read full article
- Comments(0) To comment, please Sign In
Insights 2016 Article: The Edge of Tomorrow: The Future of Personal Lines Insurance
Editor’s Note:
Information in this article is based on material shared during the 2016 Annual Meeting session of the same name, which also included speakers Brian Grieff, MS, CPCU, AIM, of USAA, and Charlie Kingdollar, of GenRe.
“It is better to race with the machines rather than race against them.”
— Erik Brynjolfsson, director of the MIT Initiative on the Digital Economy
Our world is rapidly transforming along with astonishing exponential growth in technology.
- Read full article
- Comments(0) To comment, please Sign In