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Tag: insurance

Big Bank Data Pegged at $9 Billion

Jul 3, 2018 |

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 varieties of structured and, increasingly, unstructured data. Read more…

How Blockchain Is Impacting Data and Processes in Insurance

Jun 28, 2018 |

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 major impact is insurance. Read more…

Predictive Analytics Drives Profits for Insurers, Study Shows

Jun 1, 2018 |

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 results of its third annual return on investment (ROI) study of its own customers. Read more…

IoT Platforms Emerge For Insurers

Jan 24, 2018 |

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 telematics vendor worked with Cloudera and other data platform vendors over the last two years to develop a secure next-generation platform that captures data generated by IoT sensors. Read more…

How Do You Value Information?

Sep 15, 2016 |

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. Read more…

How Big Data Analytics Is Shaking Up the Insurance Business

Jan 5, 2016 |

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 ramp up their own data analytics practices before it’s too late. Read more…

How New York Life is Addressing Big Insurance Data

May 24, 2012 |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

May 18, 2012 |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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