Analytics & Data

• 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.

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  Financial Analytics for an Agile Insurance Organization

  By Peter Witham  |  April 25, 2013

  To run effectively, insurers need to know the state of their finances at any point in time and how they can best address business issues that arise.

• AIR Worldwide Introduces Real-Time Climate Risk Analytics Service

  By Staff Writer  |  April 22, 2013

  Catastrophe modeling firm AIR Worldwide announces the availability of Real-Time Climate Risk Analytics, a new service for corporations and emergency management agencies to help them better manage and assess their risk from natural catastrophes.

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  Sandy Shook the Earth, Helping Scientists Study Crust and Upper Mantle

  By Staff Writer  |  April 19, 2013

  Before Superstorm Sandy struck New Jersey and New York, the storm made a turn to the northwest toward land, rattling the ocean floor and setting off seismometers across the U.S., according to University of Utah researchers.

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  New Power with Predictive Analytics

  By Karen Furtado  |  April 17, 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.

• Allstate Expands Drivewise to 16 States, Adds Smartphone App

  By Robert Regis Hyle, PropertyCasualty360.com  |  April 16, 2013

  Allstate has expanded its Drivewise telematics program into six additional states and introduces a usage-based app for smartphones.

• Setting Telematics Data Standards Proves Challenging for ACORD Working Group

  By Robert Regis Hyle, PropertyCasualty360.com  |  April 12, 2013

  Insurers are feeling protective about their plans to deal with the influx of data from telematics systems that some believe will be a game changer in how personal auto policies are and will be underwritten.

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  Verisk Assisting Insurers in Identifying Hail Damage

  By Staff Writer  |  April 11, 2013

  Verisk Insurance Solutions has released Location Hail Damage Score, a new solution designed to improve an insurer's ability to underwrite properties with existing hail damage.

• ISO Offers Personal Auto Rating Solution

  By Staff Writer  |  April 10, 2013

  ISO has launched the ISO Advanced Rating Toolkit for personal auto, a bundled offering of ISO's pricing refinement tools.

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  Telematics Technology and Dog Years

  By Robert Regis Hyle, PropertyCasualty360.com  |  April 5, 2013

  In the world of technology, time is like dog years. What happened a year ago seems more like seven years ago when we look at how quickly the world is changing.

• Celent Examines Big Data Usage, Attitudes in Financial Services

  By Staff Writer  |  April 4, 2013

  A new report from Celent says the hype surrounding Big Data use far exceeds its actual prevalence.

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  Telematics: Trouble or Tipping Point for Midsized Carriers?

  By Michael P. Voelker  |  April 4, 2013

  Despite the far-reaching promise of telematics in insurance, fewer than two dozen carriers have managed to bring a telematics solution to market in North America in either personal or commercial auto.

• ISO Introduces Telematics-Based Rating Rule for Automobile Risks

  By Staff Writer  |  April 2, 2013

  ISO announces that it has filed its first vehicle telematics-based rating rule in 33 states and received approvals in 19 states. The optional GeoMetricrating rule for personal and commercial automobiles uses information collected via telematics to award discounts for vehicles operated in areas safer than where they are garaged.

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  Data First: Changing the Approach to Core System Modernization

  By Bruce F. Broussard Jr.  |  March 28, 2013

  The traditional application-centric approach to core legacy replacement in insurance has long been a mix of modern systems, data conversion, and policy migration at time of renewal. The advanced configuration capabilities offered with modern systems has certainly improved project success rates, but many of the major challenges and risks remain....

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  Turn to Analytics for a Better NCAA Tournament Bracket

  By Robert Regis Hyle, PropertyCasualty360.com  |  March 19, 2013

  There is nothing more important to do this week than to put together a solid bracket for the NCAA men’s basketball tournament. OK, that may be a bit of an overstatement, but if you consider the amount of time and energy spent at work this week on picking teams and...