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Re-thinking The Insurance Industry In Real-Time To Cope With Pandemic-scale Disruption

Cloudera

The Insurance industry is in uncharted waters and COVID-19 has taken us where no algorithm has gone before. Today’s models, norms, and averages are being re-written on the fly, with insurers forced to cope with the inevitable conflict between old standards and the new normal. . Insurers are thinking on their feet.

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PODCAST: COVID19 | Redefining Digital Enterprises – Episode 4: COVID-19 | Implications and Impact on Insurance Industry

bridgei2i

Episode 4: COVID-19 | Implications and Impact on Insurance Industry. COVID-19 | Implications and Impact on Insurance Industry. In this episode, Anirban Chaudhury talks about how insurers the world over are grappling with new and unprecedented challenges to balance high financial losses, increasing new premiums, and rising claims.

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Optimizing Risk and Exposure Management – Roundtable Highlights

Cloudera

For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. In this session we explored what firms are doing to approach the uncertainty with more predictability. Observe what the model has to offer even if not the intended output. Pandemic “Pressure” Testing.

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Covid Data: An anomalous blip, or the new normal?

Cloudera

Insurance and finance are two industries that rely on measuring risk with historical data models. To facilitate risk modeling in this new normal, agility and flexibility is required. Insurance . Data Variety. This will only become more important as we move into 2021 and a post-pandemic new normal.

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American Honda IT to fuel innovation with generative AI

CIO Business Intelligence

The completion of such transformative EV and hydrogen fuel cell engineering — amid uncertainty about which technology will prevail as the industry standard — reflects the one constant American Honda’s VP of IT Bob Brizendine has confronted throughout his 36 years with the company: an ever-changing, winding road that never slows down.

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Exploring the digital impact in Northern Ireland’s health and social care system

CIO Business Intelligence

I was doing some work in a trust in the English NHS and we gave everybody tools, laptops and mobile solutions, and redesigned the operating model and how we worked together. We tried to have the operational care model and service design drive out technology requirements. Watch the full video below for more insights.

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Big Data Creates Numerous New Perks in the Gig Economy

Smart Data Collective

Big data has played a huge role in the evolution of employment models. It also saves cost as they need not promise you with legal requirements of insurance coverage, paid vacations, or investing in excess worker capacity. New cost-structure models use complex machine learning algorithms to improve efficiency. #3

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