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Peak Preparedness: How Technology Allows Insurers to Manage Sudden Changes in Demand

CIO Business Intelligence

When the COVID-19 pandemic hit, it shook every industry to the core, but especially and dramatically affected health insurers. In addition, they faced an onslaught of claims and initial uncertainty about cost and payments for antibody testing, evolving treatments, and, later, vaccines.

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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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Zendesk to lay off another 8% of its staff, cites macroeconomic issues

CIO Business Intelligence

CRM software provider Zendesk is reducing another 8% of its workforce citing macroeconomic uncertainty, just six months after the company laid off 300 staffers for the same reason. The new tranche of layoffs, according to Eggemeier, can be attributed to continued macroeconomic uncertainty and increased competition from rivals.

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

Cloudera

A recent McKinsey survey, cited in CRN , shows that worldwide, 58 percent of customer interactions were digital as of July 2020. Insurance and finance are two industries that rely on measuring risk with historical data models. Insurance . What if 2020 is an anomaly? Data Variety.

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Transforming FSI in ASEAN with Cloud Analytics

CIO Business Intelligence

Particularly in Asia Pacific , revenues for big data and analytics solutions providers hit US$22.6bn in 2020 , with financial services companies ranking among their biggest clients. million in insurance fraud in just 7 months. . compounded annual growth from 2019 to 2024. .

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Blockchain: The Fall of Traditional Centralized Systems in Business & Finance

Smart Data Collective

Also, it states, in 2019 and 2020 cryptocurrencies have been on the road to recovery potentially entering a bull market. This is intriguing as the world faces uncertainty from Covid-19, but crypto is not the only investment bringing massive returns to investors. Throughout life, there will be massive changes.

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