Data

Rethinking the Business Case for Usage Based Insurance in Private Passenger Auto

Deke Phillips / Data, Perspectives, Telematics /

Strategize to Get the Most out of UBI Programs Several well-meaning experts in this space have written about the unsustainability of usage-based insurance (UBI) programs due to high costs and low returns. They argue that when you add up all of the acquisition, technology, and administrative expenses, as well as premium discounts or other incentives, […]

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Next Gen Hyperscale Expectations

Reza Roohalmini / Data, Perspectives, Telematics /

Data, Information, and Knowledge – The Trinity of Enterprise Value Based on the fundamental premise that data, information, and knowledge, are three intricate, indispensable, and interdependent elements, hyperscale systems – distributed computing environments that efficiently scale from a few servers to thousands of servers – are being built to unearth its untapped business values with unprecedented […]

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Building for the Future

Naved Siddique / Data, Telematics /

Change Brings Innovation We know that the collection, storage, and use of huge amounts of data will have a profound effect on the automotive insurance industry, as well as OEMs and collision repairers. Collectively, we do ourselves no favors by pretending massive change doesn’t exist, or hoping someone else will  figure it out. Together, all […]

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Stake Your Claims on Data

John Haller / Data, Insurance /

CCC Data Science Curve Data Science is disrupting business—as surely as electricity, telephony, connectivity and mobility disrupted it. That’s a statement insurers find in most every trade publication they read. It’s often much closer to home: many have to look no farther than their own organization to see the role data science plays in growth and profitability. Marketing and […]

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Data—Every Insurer has its Journey

John Haller / Data, Insurance /

New data sources, the growth of unstructured data and more sophisticated uses of information have many auto insurance carriers at a crossroads. These carriers are considering where to go next: how to get there, and who they need to bring along with them. Because every carrier has its own motivations and objectives for applying the vast data and technology available, there’s no […]

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