Did Big Data Enable Lloyd’s to Predict France’s World Cup Win? Well, Maybe…

Article 0 Comments Ahead of the recent World Cup in Russia, Lloyd’s of London predicted that France would be victorious. And victorious they were – with a 4-2 win against Croatia on Sunday. Interestingly, Lloyd’s also predicted Germany’s win against Argentina in 2014. What is Lloyd’s (possibly) infallible system? Well, […]

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

Article 0 Comments 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 Data on customers, which can include social […]

Auto Supplier Bosch Teams with Startup Mojio to Connect Vehicles to Digital Services

Article 0 Comments German auto supplier Robert Bosch GmbH is teaming with Canadian startup Mojio to get more vehicles connected wirelessly to a wide range of digital services, from insurance companies to emergency responders, the companies said on Wednesday. Bosch said it was investing in Vancouver-based Mojio as part of […]

Insurers See Some Obstacles to Expanding Use of Advanced Analytics

Article 0 Comments Property/casualty insurers in the U.S. have big plans to boost their use of advanced analytics and data in their businesses in multiple ways, but there are potential roadblocks, according to a new Willis Towers Watson survey. Approximately 83 percent of respondents said that there is moderate or […]

Private Equity Firm Blackstone Eyes Insurance Data Analytics Business

Article 0 Comments 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 unit and chairman of its new insurance-solutions […]