Data analytics
Why it's time for the insurance industry to wave goodbye to outdated systems and processes
by Steve Vallis, business systems consultant at Mercato Solutions
In Series: Legacy Systems: profit from partnerships
Insurers must look at their use of technology if they are to reap the benefits offered by strategic partnerships
In Series: Legacy Systems: Easy access
Firms need to make it simple for customers to manage their insurance needs via the medium that suits them best. But with many insurers running on outdated legacy systems, is this easier said than done?
Can insurance really be gamified?
by Ian Bowen, director at Innovation Group
Getting smart with data
by Mark Curtis, chief client officer at Fjord, part of Accenture Interactive
Expertise In Action - Big data: Thinking big
‘Big data’ has long been hailed as the next big thing in insurance – so why have firms been so slow to harness its undoubted potential?
Application Fraud: The whole truth?
A recent study found up to a quarter of all insurance applications could be deliberately inaccurate. What can insurers do to help prevent this?
In Series: Data: Waves of understanding
Data can help insurers assess future storm and flood risks, providing benefits across the business and enhancing modelling processes.
In Series: Data: Down the data rabbit hole
Data is expected to drive change in the insurance industry, with greater volumes set to create distinct opportunities.
Blog: Why the new NHS data legislation will have little impact on the insurance industry
Earlier this year, the NHS revealed controversial plans to create a centralised database of medical records. Those behind the Care.data scheme are championing its potential to improve the detection and treatment of major diseases, but critics have…
In Series: Data: Weeding out fraud
With organised fraud costing the insurance industry an estimated £392m a year, is increased use of data the key to winning the battle?
Post-blog: Turning information into new business
Information on clients and prospects has never been more plentiful or available.
In Series: Data: A smarter approach to flood risk
How can the industry use increasingly sophisticated data to assess flood risk more accurately?
Spotlight On – Fraud: Building on the foundations
The insurance industry’s approach to fraud has progressed enormously over the past 20 years but there is still more to be done.
Insurer risk management increasingly reliant on data
Insurers’ risk management practices are becoming increasingly reliant on data and analytics, according to a new report from State Street.
Vehicle Technology: End of the driver?
At the Consumer Electronics Show in Las Vegas, nine motor manufacturers exhibited autonomous car prototypes. What does this technological leap mean for the future of motor insurance?
Axa targets home, motor and commercial vehicle for data enhancement
Axa is collaborating with Lexis Nexis to bring more data and analytics to its home, motor and commercial vehicle books.
Insurance and the 'Internet of Everything'
In October, research organisation Gartner declared the start of the ‘Digital Industrial Economy'.
Big data tipped to drive competitive differentiation
Over 90% of senior insurance executives believe big data will drive competitive differentiation in future.
Blog: The importance of data analysis
Data has always played a significant role in all key stages of the insurance customer lifecycle. But, increasingly, the onus is on insurers to take all the necessary steps to understand their customers, validate the information provided and assess the…
Comment: My Licence will benefit all parties
Project aims to reduce costs for insurers, speed up underwriting and ultimately bring down motor premiums.
Europe: Ready for the digital challenge?
It is difficult to overstate the impact of the digital revolution. To take one metric, the number of global mobile phone subscriptions is now 6.8 billion, according to UN agency The International Telecoms Union. It predicts that this figure will…
Blog: What's holding telematics take-up back?
The rise of telematics in the insurance industry is, relatively speaking, a recent phenomenon.