Business intelligence (BI) has become a popular tool among insurers in the last ten years, and interest is only growing. Novarica’s IT Budgets and Projects report shows that both P/C and L/H/A carriers are prioritizing investments in BI and analytics. There’s untapped potential for insurers’ BI initiatives: Most carriers are still working with only basic analytics capabilities.
October 22, 2018
Insurers are embracing the benefits of cloud – elasticity, increased stability, and rapid deployment, to name a few – and over 70% of carriers use some cloud today.
October 1, 2018
Many insurers and reinsurers today are using some combination of Excel and legacy systems to manage their reinsurance business. For carriers wishing to invest in more automated, efficient processes, some modernized options continue to develop as reinsurance begins to catch up to other branches of the insurance industry. These solutions ca
September 18, 2018
The InsureTech investment wave has propagated for another year as more investment firms focus on the space and more insurance companies find ways to participate. Announcements of new startups have not slowed; there are far more out there than there were a year ago, and many have been acquired.