data analytics News

Investor Research Firm ISS to Acquire Discovery Data

Corporate governance and investor data firm Institutional Shareholder Services Inc. said it has agreed to acquire Discovery Data, Inc., which provides data and analytics to the asset management, insurance and other financial services industries. No terms were disclosed. Based in …

Re/Insurers Need a Data Strategy to Build Underwriting Transformation Programs

Years of low interest rates and burgeoning catastrophe losses have accelerated the hardening of the reinsurance market, as the January 2021 renewals clearly demonstrated, and moreover, the COVID-19 pandemic has worsened the “lower for longer” interest rate environment. Considering suboptimal …

Moody’s Closes on Acquisition of Risk Modeler RMS for $2 Billion

Moody’s Corp. reported that it has completed its acquisition of RMS, the climate and natural disaster risk modeling and analytics firm. In the transaction, originally announced on August 5, 2021. Moody’s paid approximately $2.0 billion (1.425 billion pounds) to acquire …

P/C Insurers Plan to Boost Their Use of Automation: Willis Towers Watson

Property/casualty insurers plan to accelerate their use of automation for actuarial work, a new Willis Towers Watson survey found. What’s more, COVID-19 has been a major factor in the trend. The sector’s overall aspirational score (toward wanting more automation) was …

Broker Ardonagh Opens Data and Risk Management Center in Ireland, Bringing 60 Jobs

The Ardonagh Group, a top 20 global insurance broker and the UK’s largest independent insurance broker, announced it will open the Ardonagh Global Data and Risk Management Centre this month, bringing 60 new highly skilled, data science and analysis roles …

Broker BMS Launches Analytics Platform to Support Clients’ Risk Transfer Goals

BMS, the London-based independent specialist insurance and reinsurance broker, announced the launch of an analytics platform called Pathlight AnalyticsTM. The platform is designed to harness the collective power of the analytics disciplines to better assist clients with examining, analyzing and …

Update: CoStar Group Withdraws Bid to Buy CoreLogic

Commercial real estate information provider CoStar Group said it had withdrawn its bid to buy CoreLogic after the U.S. property analytics company rebuffed its sweetened buyout offer of more than $7 billion earlier on Thursday. In February, CoreLogic had agreed …

Insurance Veterans Lead Confianza, Big Data Analytics Startup for Smaller Insurers

Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers. One co-founder – Jeffrey Glazer – is a past chief executive officer of Activer Solutions and Insurity, and was a past CEO of Insurance …

Modernizing the Housing Economy: A 20/20 View of 2020

This post is part of a series sponsored by CoreLogic. In the blink of an eye, COVID-19 reshaped our world. As the critical functions of the real estate, lending, and insurance economies began to adapt to the new circumstances of …

Willis Towers Watson Partners with Polecat Intelligence on Emerging Risk Analysis

Willis Towers Watson, the global advisory, broking and solutions company, announced a partnership with Polecat Intelligence Ltd,, a business intelligence and data analytics company. Together, they are developing insurance solutions that enable organizations to respond to the rapidly changing, increasingly …