big data analytics News

EU Court Sides With Car Service Firms in Data Fight With Sweden Truck Maker Scania

Swedish truck maker Scania must share car data, such as vehicle identification numbers, with repair shops and parts distributors, Europe’s top court said on Thursday in a ruling that could provide a boost for the latter looking to tap a …

Businesses Criticize New EU Data Rules, Saying They Could Hinder Data Flow

Businesses and Big Tech on Wednesday criticized European Union data rules agreed between EU countries and lawmakers, saying they could hinder data flow and contractual freedom, while a pan-European consumer group said they did little for Europeans. The Data Act, …

Car Services Groups Warn of Unfair Competition as EU Data Plan Stalls

Car services groups on Friday warned a stalled EU proposal to ensure fair access to valuable vehicle data could pave the way for unfair competition from U.S. and Chinese tech companies. The vehicle data tussle between carmakers and a coalition …

Ford Taps Vehicle Data to Attract Customers in Commercial Van Market

Ford Motor Co.’s push to use reams of data generated by its vans and trucks – from engines to oil filters or brake pads – to attract more customers in the European and U.S. commercial vehicle market plays out on …

Insurers, Leasing Firms Push European Commission for Access to Valuable Vehicle Data

A broad coalition of insurers, leasing companies, car repair shops and others are calling on the European Commission to propose rules for fair access to valuable vehicle data soon, fearing further delays could see the initiative shelved after European Parliament …

By Modeling Players’ Insurable Values, Lloyd’s Predicts England Will Win World Cup

Lloyd’s of London predicts that England will beat Brazil and emerge victorious at the 2022 FIFA World Cup โ€“ with France, Argentina and Spain falling just behind. Lloyd’s is going for a hat-trick of predictions, after correctly identifying Germany and …

Viewpoint: Designing Insurance Pricing Variables…What’s Your Company’s Strategy?

Many of today’s insurance professionals lack the time, resources, data, and technology to create analytical tools within their organization that allow them to more effectively price property risks and compete against larger carriers. Designing new pricing variables, especially pricing variables …

Despite Slow Going, P/C Insurers Still Love Advanced Analytics. Except Maybe Telematics.

Although property/casualty insurance carrier executives and technical professionals remain bullish on the prospect that advanced analytics can enhance growth and bottom-line performance, implementation progress has been slower than expected, according to a recent survey. In addition, one particular areaโ€”analytics associated …

Did Big Data Enable Lloyd’s to Predict France’s World Cup Win? Well, Maybeโ€ฆ

Ahead of the recent World Cup in Russia, Lloyd’s of London predicted that France would be victorious. And victorious they were โ€“ with a 4-2 win against Croatia on Sunday. Interestingly, Lloyd’s also predicted Germany’s win against Argentina in 2014. …

UK Regulator Warns Insurers, Banks About Responsible Use of Customers’ Big Data

Britain’s banks and insurers must take the lead in spelling out how they will use data collected from customers or they could face new rules, Financial Conduct Authority Chair Charles Randell said on Wednesday. Financial firms have been using Big …