14 Aug 2017

AI: The Next Big Thing in Insurance Big Data (part 2 of 2)

AI: The Next Big Thing in Insurance Big Data (part 2 of 2)

In an earlier post, we explored the potential impacts of artificial intelligence in big data for the insurance industry. We discussed that unlike analytics and business intelligence systems, AI isn't just looking back, drawing conclusions from what's already happened. It's also looking forward – predicting, optimizing…

01 Aug 2017

The Next Big Thing in Insurance Big Data (part 1 of 2)

The Next Big Thing in Insurance Big Data (part 1 of 2)

Data is everywhere. But it's not useful if you don't know what it means. For the insurance industry, AI is poised to shed some light. What is AI, exactly? "'Artificial intelligence' is a slippery term that can mean everything from personal assistants like Siri, to the natural language processing done by Google, to…

10 Jul 2017

Macroinsurance – the Next Big Thing?

Macroinsurance – the Next Big Thing?

You've heard of microinsurance – the zoomed-in model in which coverage can be purchased for any number of "individual events, activities, or things for a short period," as described by Strategy Meets Action partner Mark Breading. It's one of several long-standing efforts to disrupt the traditional market via…

26 Jun 2017

Eight Tips to Help Your Business Achieve Cyber-Readiness

Eight Tips to Help Your Business Achieve Cyber-Readiness

In the Hiscox Cyber Readiness Report, the perennial importance of cyber security shines through (of course). But so does its feasibility. While some organizations rightly invest significant funds in this area, others with less to spend may feel their hands are tied. Good news: They're not.

The report is informed by more…

21 Jun 2017

Insurance Technology: The Privacy vs. Convenience Tradeoff

Insurance Technology: The Privacy vs. Convenience Tradeoff

Cars have long represented personal freedom. By owning a vehicle, anyone can go wherever they want, whenever they want. But now cars are changing. They’re becoming safer and more convenient, and while these changes are clear improvements, they can nevertheless raise questions about the loss of privacy in a machine so…

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