Big Data

Verisk Releases Industry’s First Cyber Exposure Data Standard

I'm pleased to announce that Verisk Analytics has released the industry’s first global cyber exposure data standard. This standard will help create a uniform method for data transfer across the...

Impressive visit to LinkedIn headquarters

Silicon Valley in the San Francisco Bay Area of California is home to many of the top technology companies in the world. The area hosts offices for Apple, Google, Facebook, Netflix, Microsoft, eBay...

Evolution of Homeowners Underwriting

At the start of a new year, we review the past and speculate about the future. As you consider how homeowners insurance may change in the coming years, we thought it would be fun to share a look ba...

Three Important Tips for Special Investigators

Organized insurance fraud is becoming increasingly complex in both emerging and maturing markets. In the United States, the current impact of fraud upon the property/casualty insurance fraud is...

Big Data for Fraud Detection on the Rise

You’ve heard a lot about big data, and to some extent, you’re likely using it already. After all, ISO ClaimSearch ®   serves 90 percent of the U.S. property/casualty industry (as measured by direct...

Fighting 21st Century Fraud

Unscrupulous individuals and groups are using the same technological advancements to commit insurance fraud that businesses use daily for legitimate purposes. Meanwhile, organized fraud rings have...

Tapping the Well of Big Data

From the NSA to the NBA , big data is everywhere. It’s often billed as “the new oil.” And while it certainly has the potential to be as profitable, unlike oil, data is a constantly generated and...

Why Fraud Detection Has Become a Strategic Priority

Conventional wisdom holds that adjusters refer roughly 2 percent of claims to special investigations units (SIUs). That may not sound like much and, truth be told, it isn’t. However, that 2 percent...

Property Claims: Do You Suspect Neglect?

When a home enters foreclosure, the risk of neglect increases. Some homeowners no longer see the point of maintaining properties they’re about to lose. Others simply may not be able to afford to ma...

Foreclosure: The $10 Billion Problem Claims Departments Face

Foreclosure remains a problem in the United States, and claim departments need to stay vigilant. According to data from CoreLogic, 1.3 million homes were in foreclosure in August 2012 — that’s...