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A good relationship between underwriters and actuaries helps insurers price risk more effectively.
New technologies drawing on behavioral science know when you’re about to make a mistake.
Catastrophic errors occur when businesses misapply data and statistical analysis.
Nearly every insurer labors furiously to transform their business around data. Unfortunately, much of this labor is in vain.
An increasingly productive economy means more trade and demands more exacting logistics risk management.
High Net Worth individuals and households are increasingly buying cyber monitoring services.
Claims handling is a constant source of friction between insurers and their insureds. Will new communication tools and big data be able to sort this old problem out?
Making insurers more efficient is just one upside of more digitization.
Commercial insurance carriers frequently take on risks that are proven to be loss-ridden because they don’t have the analytics to underwrite and insure better risks.
This year’s Excellence in Risk Management report reveals a gap between awareness of new technologies and the ability to employ them strategically.
A recent supplier snafu saw KFC’s UK outlets run out of chicken. The growing use of analytics address supply chain and distribution vulnerabilities.
The small commercial insurance sector has been slow to adopt predictive modeling, but a few best practices can make all the difference.
XL Catlin’s data chief seeks not to replace underwriters, but to empower them to do their jobs better than ever before.
A presentation held in London drives home the point that flood modeling has a long way to go.
An accurate picture of total cost of risk emboldens different management layers to work together to seek solutions.
There is a move toward captives’ strategic use of surplus to fund risk management-based projects, analytics, consulting and more.
Determining total cost of risk has value; getting your hands on the right data set is the challenge.
Hear from risk and safety executives who reduced their claim frequency with the help of improved analytics.
The modern insurance industry is seeing volatility like it has never seen before.
Managing company culture will be very important in getting workers to use wearables.