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The rise of data science has posed a challenge to actuaries as modelers-in-chief and as the guardians of data in the insurance industry.
Business intelligence (BI) continues to grow in importance to carriers, with capabilities becoming more powerful and directed every month.
A sustained period of strong economic growth, reduced poverty coupled with the expansion of the consumer classes, and regulation reforms contribute to the continued growth of the insurance market in Latin America.
With the rapid changes in technology-enabled capabilities, just keeping tabs on what has become “table stakes” or the “new normal” for Life/Annuity/Benefits insurers has become a full-time job.
At Novarica’s recent Special Interest Group for regional P&C insurers, held in Boston on June 25th, the CIOs and other technology executives in attendance discussed many pressing trends in the insurance industry: cyber security, agent facing technology, core systems transformations, the use of analytics and predictive models.
With the recent publication of Novarica’s Analytics and Big Data at Insurers report, it’s time to take an honest look at the state of big data in the industry.
This report looks at the current state and plans for analytics and big data capabilities at US insurers, as well as the benefits that have been realized by these efforts to date.
With the release of Novarica’s new Business & Technology Trends: Individual Annuity report, I wanted to highlight a few trends which our research uncovered in this blog.
Mobile, E-Business, Agile Development, Core Transformation and other Initiatives Nominated by Insurer CIOs for Novarica AwardsMay 11, 2015
This report is designed to provide insurer business and IT executives with detailed examples across as broad a range as possible of diverse industry initiatives.
This report includes 37 case studies of IT practices and initiatives at insurers.