Analytics & Data

• Guidewire Acquires Data and BI Solution Provider Millbrook

  By Staff Writer  |  May 14, 2013

  Guidewire Software, Inc., a provider of software products for property & casualty insurers, announce the acquisition of Millbrook, Inc., a provider of data management and business intelligence (BI) solutions for p&c insurers.

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  With Telematics, No More Rearview Mirror

  By Karlyn Carnahan, Thuy Osman  |  May 14, 2013

  Opportunities across the value chain exist for insurers who adopt the technology early, especially now as the main barriers to entry are falling.

• Sapiens Introduces Business Decision Management Solution for Insurance

  By Staff Writer  |  May 13, 2013

  Sapiens International Corp., announces the introduction and general availability of Sapiens Decision for Insurance, a business decision management solution designed to enable carriers to build, maintain and leverage a centralized repository of reusable business rules and logic

• Xuber Launches Analytics Tool for Commercial Lines Market

  By Staff Writer  |  May 10, 2013

  Xuber announces the launch of Xuber Analytics, a data analysis tool designed to provide commercial insurers with deeper insight into their business

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  RMS CEO: New Risk Management Platform to 'Crush Latency'

  By Chad Hemenway, PropertyCasualty360.com  |  May 9, 2013

  Risk Management Solutions has unveiled a new, open platform it says will enable insurers to manage models and exposures in minutes rather than months.

• An Underrated Supply-Chain Concern: Cyber Events

  By Anya Khalamayzer, PropertyCasualty360  |  May 8, 2013

  Two-thirds of cyber events are the fault of third-party businesses that outsource services for the victim, showing that business interruption no longer solely concerns physical assets susceptible to natural catastrophes and other disasters.

• RMS Announces New Real-Time Platform to Manage Risk

  By Staff Writer  |  May 8, 2013

  RMS announced its new RMS(one) single, open platform, which provides customized real-time risk intelligence and analytics on a range of mobile devices.

• ACORD LOMA Session Highlights Disruptive Power of Telematics

  By Michael P. Voelker  |  May 8, 2013

  For years, auto insurers' efforts to achieve greater pricing precision has involved looking backwards—analyzing historical claim data and risk characteristics to determine the right price for a current exposure.

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  ACORD LOMA 2013: Telematics from Two Angles

  By Robert Regis Hyle, PropertyCasualty360.com  |  May 8, 2013

  You can’t wander very far at an insurance technology conference without someone mentioning telematics.

• Plumbers Don't Write Insurance

  By David LaMartina  |  May 7, 2013

  You can't manage what you can't measure, and business intelligence is only going to become more important in today's increasingly online, mobile and cloud-based economy.

• RMS Models $1.2B of New Issuance

  By Staff Writer  |  May 2, 2013

  Risk Management Solutions has conducted risk analysis for two new catastrophe bonds: Bosphorus Re 1 Ltd. cat bond and the Tar Heel Re Ltd. cat bond, launched in April 2013.

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  Telematics: Trouble or Tipping Point for Midsized Carriers?

  By Michael P. Voelker  |  May 1, 2013

  With insurers and vendors working to solve high entry costs, data challenges, and intellectual property concerns, user-based insurance may finally be nearing its much-anticipated breakthrough to the mainstream.

• New Power with Predictive Analytics

  By Karen Furtado  |  May 1, 2013

  The use of predictive analytics in insurance is becoming increasingly widespread as companies realize how the power of insight can impact business growth, risk management, and loss control. The number of insurers using these sophisticated models is growing daily and, there are more business capability areas that are reaping the...

• Top Secret

  By Robert Regis Hyle  |  May 1, 2013

  Insurance companies are naturally protective of proprietary information, but the industry as a whole suffers when carriers are unwilling to share information that organizations such as ACORD can use to establish industry-wide standards. That scenario is playing out once again in the telematics space.

• Valen Introduces InsureRight Platform for Underwriting Profitability

  By Staff Writer  |  April 30, 2013

  Valen Analytics, a provider of proprietary data, analytics and predictive modeling to help insurance carriers manage and drive underwriting profitability, has re-branded and unveiled the first of its new products, the InsureRight Platform.

• AIR Throws Climate Change Into Mix of Catastrophe-Event Modeling

  By Anya Khalamayzer, PropertyCasualty360.com  |  April 26, 2013

  AIR Worldwide has incorporated a climate-change analysis tool into its Catastrophe Risk Engineering (CRE) program, adding the reality of increasingly volatile weather into risk scenarios that may impact companies and emergency services.