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Tag: insurance

Big Bank Data Pegged at $9 Billion

The phrase “big data” has come to mean different things to different people, morphing from the huge data volumes too big for traditional databases to handle to the infrastructure required to ingest, store and analyze Read more…

How Blockchain Is Impacting Data and Processes in Insurance

Business professionals across many industries are currently grappling with the implications of blockchain technology. One industry where having a distributed, encrypted, and immutable ledger of transactions could have a Read more…

Predictive Analytics Drives Profits for Insurers, Study Shows

A study conducted by Valen Analytics found a strong correlation between the use of data analytics and predictive modeling and superior profitability among insurance companies. Valen Analytics yesterday released the re Read more…

IoT Platforms Emerge For Insurers

The insurance industry is accelerating deployment of Internet of Things platforms as a way of connecting with insured assets ranging from vehicles, property and even individual policyholders. In an IoT case study, a t Read more…

How Do You Value Information?

If you're like most people, you recognize that information has value. The value isn't always clear, but it's clearly there. But according to some professional organizations, digital information literally has no value. As Read more…

How Big Data Analytics Is Shaking Up the Insurance Business

The insurance industry is--by definition and by practice--generally averse to risk. But thanks to the success of early adopters of data analytics, insurance companies in the $1.1-trillion U.S. market are scrambling to ra Read more…

How New York Life is Addressing Big Insurance Data

The insurance industry with its complex risk management and customer-facing business needs has been a prime target for big data vendors--and many insurance companies, including a Fortune 100 company like New York Life are listening. We spoke with the company's CIO, Sue Ericksen about.... Read more…

This Week’s Big Data Big Seven

In this Friday's roundup of some top news items during the week ending May 18 we take a brief look at how IBM Watson is being put to new use, how Caltech sought to address its storage limitations, see how insurance fraud is being targeted, and relay an interesting use case from an unexpected source.... Read more…

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