"Now in its third year, the Federal Reserve's review of capital plans provides a regular, structured, and comparative way to promote and assess the capacity of large bank holding companies to understand and manage their capital positions, with particular emphasis on risk-measurement practices, " Federal Reserve governor Daniel Tarullo said.

BBC: Federal Reserve approves most bank capital plans

Since the creation of the first actuarial table, insurers have used some form of analytics to assess the levels of risk their clients face and to determine how to manage such risk.

FORBES: Analytics May Help Insurers Confront New Risk Environment