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How is Big Data transforming the insurance industry?

How is Big Data transforming the insurance industry?

The basic principle of the insurance industry is risk. Customers pay for policies based on their personal assessment of something happening to them, whether that means getting a serious disease, being involved in a car accident or their house burning down, in order to...

Insurance industry to work on expanding diversity

According to experts within the insurance industry, creating a broadly diverse and inclusive workforce will require looking at the internal systems that currently guide this sector of the economy. Engaging middle managers will also be essential, as those are the...

Connecticut bans price optimization in insurance rates

At the end of last week, Connecticut Insurance Commissioner Katharine L. Wade announced that the state's Insurance Department has officially warned all property and casualty insurers against using price optimization, a controversial pricing method that, in...