Data Management

News

Farm Bureau Financial Recognized as a Celent Model Insurer

By Chris McMahon

P&C carrier uses Valen Analytics’ data and predictive modeling to manage and drive underwriting profitability.

Senators Demand Anthem Hasten Notifications on Data Breach

By Alex Wayne

More than a month later, more than 50 million people affected by the breach haven’t been notified by the company, senators Lamar Alexander and Patty Murray said.

Insurance IT Execs Take Lead in Cyberinsurance Development

When big commercial insurers develop cyber risk coverage for their clients, IT helps illustrate the problem and identify solutions. CNA and XL Group take us inside their processes.

Gen Re Picks AIR

By Chris McMahon

The Touchstone catastrophe modeling platform and suite of CAT models will be rolled out across the organization to support a range of risk management needs.

NAIC Invites Cybersecurity Comments

By Chris McMahon

Regulators, industry representatives and others are encouraged offer perspectives, insights and recommendations to inform and shape emerging regulations.

Senate to Advance Anti-Hacking Bill Amid Privacy Objections

By Chris Strohm

Companies have resisted providing data to the government about hacking attacks out of concern that they could be sued if they accidentally included private information about their customers, or accused of violating antitrust laws.

Verisk Analytics to Buy Wood Mackenzie for $2.8 Billion

By Sonali Basak and Firat Kayakiran

Wood Mackenzie, based in Edinburgh, would strengthen Verisk’s analytics business, which focuses on the property and casualty-insurance industry.

EIS Group Launches Digital Experience Platform

By Chris McMahon

Omni-channel capabilities are intended to unify online, mobile and contact-center channels and connect those channels with core insurance systems in real time, EIS Group said.

FBI Is Close to Finding Hackers in Anthem Health-Care Data Theft

By Chris Strohm

Federal Bureau of Investigation officials are still deciding whether to publicly reveal information about the attackers in one of the biggest thefts of medical-related customer data in U.S. history, Robert Anderson, the bureau’s executive assistant director for cybersecurity.

Anthem Hack May Have Involved Millions Who Aren’t Customers

By Shannon Pettypiece

Victims could includes millions of people who aren’t Anthem members, but used their Blue Cross or Blue Shield insurance in states, including Texas and Florida, where Anthem operates partnerships.

Underwriting: Where Insurance Data Really Pays Off

Swiss Re and Allianz Life are giving their underwriting staff robust analytics tools that drive costs down and improve the customer experience.

Guy Carpenter Appoints Head of International Analytics

By Chris McMahon

Matthew Eagle will be responsible for providing thought and resource leadership across the EMEA and AsiaPac regions and developing catastrophe modeling and analytics propositions.

Insurers Tackle Data Quality With Robust Management

Allstate and XL Group are among the growing number of insurers with executive teams devoted to cleaning and organizing data to facilitate enterprise analytics initiatives.

4 in 10 Insurers Have Been Breached in Past 3 Years

By Nathan Golia

However, research from the New York Department of Financial Services found that actual data loss is not a common outcome of compromised systems.

13% Increase in Cyber Security Spending Predicted

By Bob Violino

Widespread use of mobile devices is driving insurers and other financial services firms to increase spending to protect data.

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