advanced analytics

The Changing Role of Data and Analytics in Insurance Industry
Insuranceciooutlook >> cxoinsights

Jim Tyo, Vice President & Chief Data Officer, Nationwide

Across the insurance industry, data and analytics play an increasingly critical role in improving company performance. The data and analytics space is rapidly changing, and organizations of all sizes are trying to stay ahead of the curve....

Legacy Modernization in the Age of InsurTech
Insuranceciooutlook >> cioviewpoint

Brahm Sharma, CIO, Aon

There is a lot of excitement around InsurTech. According to CB Insights, the number of funding deals in InsurTech increased from 91 in 2014 to 173 in 2016. Investment in Q3 of 2017 was 35 percent higher than in Q3 of 2016. This high level of...

Data Analytics for Connected Cars
Insuranceciooutlook >> cxoinsights

Hillol Kargupta, President, Agnik

Modern cars have thousands of sensors Modern cars have thousands of sensors for monitoring and controlling different sub-systems. Moreover, cars have context such as location, performance history, and financial history. As cars get connected over...

500+ Claims Executives Join the Innovation Revolution in Chicago at the Connected Claims USA Summit
Insuranceciooutlook >> news

CHICACO – More than 500 attendees are scheduled to meet in Chicago for the Connected Claims USA Summit, run by Insurance Nexus onMay 21st & 22nd at the Sheraton Grand. The only conference dedicated to claims technology and innovation,...

Big data Analytics for Business Growth
Insuranceciooutlook >> news

The adoption of big data analytics that was once heralded as the ‘next big thing’ is in an unsurpassed rate showing no signs of slowing down even now. Big data analytics which is driven by specialized systems and software, points...

Compete or Partner: Banks See Rise of FinTech Solutions
Insuranceciooutlook >> cxoinsights

Christopher Kennedy, VP, Quantitative Finance Manager, BankUnited [NYSE:BKU]

FinTech—or simply financial technology—is moving at the speed of innovation. FinTech originally represented the shift of traditional brick-and-mortar banking to online and mobile platforms. Now, FinTech embodies a deluge of Silicon...

Big Data Has Big Changes in Store for Insurance Industry
Insuranceciooutlook >> cioviewpoint

Brad Bodell, SVP & CIO, CNO Financial Group, Inc.

Big data and predictive analytics have not yet altered the course of the insurance industry, but they will. Over the next decade, the use of advanced analytics will have a dramatic impact on the insurance space in three key areas. First, I...

Industry Change Demands New Actuarial-IT Partnership
Insuranceciooutlook >> cxoinsights

Michael Hughes, Principal

Is it true? Will MetLife separate from its retail business in the US? No doubt the insurance industry is undergoing tremendous change, and the pace of restructuring and change is accelerating. As companies innovate–and accounting and...

Equifax Broadens their Unemployment Cost Management Solutions
Insuranceciooutlook >> news

Insurance CIO Outlook

ST. LOUIS, MO: Equifax Workforce Solutions, a provider of human resource, data, analytics and verifications services, broadens its Unemployment Cost Management solutions for employers facilitating management of unemployment claims processes and...

Pro General Streamlines its Property and Casualty Insurance Offerings with 4Sight' Solutions
Insuranceciooutlook >> news

Insurance CIO Outlook

AUSTIN, TX: 4Sight Business Intelligence, a provider of property & casualty specific business intelligence products, announced that it has been selected by Pro General Insurance Company for Property and Casualty insurance. Pro General is...

IBM and PRO BTP's Analytics to Fight Healthcare Insurance Fraud
Insuranceciooutlook >> news

Insurance CIO Outlook

FREMONT, CA: IBM has recently announced that it has signed a seven year agreement with PRO BTP, a primary welfare institution that fights against healthcare insurance fraud. The new SOLON cloud business solution built with IBM's Smarter...

Three Trends for Insurance Technology Professionals
Insuranceciooutlook >> cxoinsights

Kevin Bingham, Principal, Deloitte Consulting

The insurance industry is at an important inflection point, and CIOs and information technology professionals are at the forefront of addressing three major trends: core systems transformation, leveraging big data technology, and the accelerating...

Verisk Analytics [NASDAQ:VRSK]: Enabling Decisions that Enhance Business Value
Insuranceciooutlook >> vendor

Scott G. Stephenson, Chairman, President & CEO

A leading data analytics company serving customers in insurance, energy and specialized markets, and financial services

Cloverleaf Analytics: Insurance Analytics and Business Intelligence Redefined
Insuranceciooutlook >> vendor

Robert C. Clark, President & CEO

Provides an end-to-end insurance BI solution that gives access to real-time analytics to discover trends and insights across the entire enterprise

Traffk: Modernizing Insurance Underwriting and Risk Management
Insuranceciooutlook >> vendor

Paul Ford, Co-Founder and Glenn Hibler, Co-Founder

Traffk is a SaaS-based insurance-based underwriting intelligence platform leveraging data science, AI, and machine learning. Traffk modernizes the insurance underwriting process. The company is branched into the sectors of Life, Annuity, Critical...

Location, Inc.: Predicting Unaccounted-for Risk of Insurance Losses by Location
Insuranceciooutlook >> vendor

Dr. Andrew Schiller, Founder & CEO

Offers location-based technologies to help insurers make informed decisions

Octo: Telematics Driven Claims Processing
Insuranceciooutlook >> vendor

Gianfranco Giannella, COO

Global provider of telematics and data analytics solutions to streamline the entire crash-to-claim process for the auto insurance industry

Marsh ClearSight: Streamlining End-to-End Claims Processes
Insuranceciooutlook >> vendor

Janet Dell, CEO

Marsh ClearSight is the global leader in risk, safety, and claims software

Fiserv [NASDAQ: FISV]: A True Enterprise View of Risk
Insuranceciooutlook >> vendor

Jeffery Yabuki, President & CEO

Fiserv supports asset liability management, market risk, credit risk, liquidity risk, interest-rate risk and funds transfer pricing capabilities to give organization a true enterprise view of risk...

TransUnion [NYSE:TRU]: Data Analytics Transforming Underwriting
Insuranceciooutlook >> vendor

Jim Peck, President & CEO

The credit-based and risk-management solutions that are rich with unique data and advanced analytics and helps carriers access accurate data

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