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For most of the year, insurance IT leaders like to keep information about their strategic efforts out of the media, but each spring they burst from their shells to discuss the direction technology is headed.

Can CFOs become champions of analytics projects for insurance carriers?

By looking at predictive models, insurers can help streamline the operations at their organizations and make better, faster decisions.

By looking at predictive models, insurers can help streamline the operations at their organizations and make better, faster decisions.

Predictive analytics can be a powerful weapon in the battle against fraud. By modeling past incidences of fraud, and pairing those results with social-network analysis, predictive analytics can help insurers understand what it is about a claim, claimant or insured party that correlates with a higher propensity for fraudulent behavior.

Risk Management Solutions (RMS) released an upgrade to its U.S. Hurricane Model, incorporating new datasets and scientific developments to advance the industry’s view of U.S. hurricane risk.

Claims Channel Editor Christina Bramlet is twittering every day about breaking news and timely topics, not to mention keeping readers up to date on the latest postings to the Claims channel on PropertyCasualty360.com.

The sophistication within every part of the risk-sharing process—from rate-making to underwriting to claims—has increased at a quickening pace, driven by greater precision and predictability and built on an ever-expanding amount of data.