June 26, 2018
The insurance industry is experiencing a convergence with technology that is transforming the way it develops products, underwrites, prices and sells policies, and services its customers. This change can seem disruptive, so it’s critical that insurance companies better understand how …
March 12, 2018
Blackstone Group LP has bigger plans for insurance companies than just managing their money. The world’s largest private equity firm is expanding into a lucrative business dominated by BlackRock Inc.: portfolio risk analytics. Bennett Goodman, co-founder of Blackstone’s GSO credit …
February 21, 2018
The Travelers Companies has named Bruce Gifford to the newly-created role of enterprise chief data and analytics officer to further strengthen the company’s data and analytics capabilities. Gifford previously served as senior vice president and chief actuary for the company’s …
December 15, 2017
American Family Insurance said it intends to accelerate its use of data, advanced analytics and artificial intelligence (AI) with its purchase of Chicago-based data and analytics software company Networked Insights. American Family is a Networked Insights client and has been …
August 24, 2017
Verisk Analytics Inc. has agreed to acquire LCI, a provider of bankruptcy risk prediction and management tools for banks and creditors. When the transaction is complete, LCI, based in Burlingame, California, will become part of Argus, Verisk’s data and advisory …
August 21, 2017
U.S.-based data analytics firm Verisk Analytics Inc. has agreed to acquire London-based insurance and software specialist Sequel from private equity firm HgCapital and other Sequel shareholders. Sequel specializes in software that “creates instant, intuitive understanding of the most complex data,” …
June 30, 2017
Brian Ingle will lead the Analytics team for Willis Re North America following Alice Underwood’s appointment as head of Risk Consulting and Software. Ingle will report to Jim Bradshaw, CEO, Willis Re North America. Ingle joined Willis Re in 2006 …
June 22, 2017
Cape Analytics, a start-up that relies on machine learning, computer vision and geospatial imagery to produce propriety property data for insurance carriers and others, is expanding. After a start in Florida, the California-headquartered company is now offering its data coverage …
January 26, 2017
Valen Analytics has been acquired by Insurity, a Connecticut-based company that supplies software, data processing and analytics for property/casualty insurers. Neither side disclosed financial terms. Valen is perhaps best known for its InsureRight Platform and its predictive analytic products designed …
December 15, 2016
Location Inc. announced that the California Department of Insurance has approved its predictive crime analytics for rate filing, making it the 12th state the firm has received approval for rate filings. Location Inc. analytics collect raw data reported from local …