Jet Global

JUNE 5, 2020

What Is an Insurance KPI? An insurance Key Performance Indicator (KPI) or metric is a measure that an insurance company uses to monitor its performance and efficiency. Insurance metrics can help a company identify areas of operational success, and areas that require more attention to make them successful. View Guide Now.

Insurance 59

Insurance Metrics Reporting KPI 59

Cloudera

FEBRUARY 18, 2021

We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In 2021, with the crisis hopefully fading, insurance will have time to evaluate the changes made in 2020, assessing what worked and what didn’t, and planning a new way forward rather than reacting in real time. .

Insurance 105

Insurance Digital Transformation Risk Data-driven 105

Occam's Razor

JANUARY 4, 2021

Like you, I consume a whole lot of reports every day – company data, public data. Just yesterday I was quietly seething because none of visuals included in the report contained any context to understand if the performance I was looking at was good or bad. Even if the report has hidden gold. Sometimes repeatedly.

Reporting 113

Reporting Analytics Metrics Visualization 113

Cloudera

OCTOBER 28, 2021

I’ve had the pleasure to participate in a few Commercial Lines insurance industry events recently and as a prior Commercial Lines insurer myself, I am thrilled with the progress the industry is making using data and analytics. Another historic example is crop and livestock insurance in Germany in the 1700s.

Insurance 97

Insurance Risk Unstructured Data Data-driven 97

Cloudera

SEPTEMBER 22, 2022

Insurance carriers are always looking to improve operational efficiency. To me, this means that by applying more data, analytics, and machine learning to reduce manual efforts helps you work smarter. According to a recent McKinsey report , digitized underwriting can improve loss ratios three to five points.

Analytics 102

Analytics Insurance IoT Risk 102

bridgei2i

JANUARY 18, 2021

Case study: Subrogation Prediction Using Machine Learning for Property Insurance. The client, a leading P&C insurer, wanted to identify property damage claims that have the potential for subrogation & recovery. They also wanted to generate automated referral reports on a weekly basis for further investigation.

Insurance 52

Insurance Machine Learning Enterprise Strategy 52

bridgei2i

APRIL 16, 2020

Insurance firm Swiss Re faced a $250m (approximately £215m) loss if the event was canceled instead of being delayed. This is just a tip of the iceberg of the massive losses the Insurance sector is staring at due to COVID-19’s onset. The insurance industry —which, in the US alone, accounts for $1.2

Insurance 71

Insurance Sales Digital Transformation Machine Learning 71

CIO Business Intelligence

JUNE 7, 2022

What is data analytics? Data analytics is a discipline focused on extracting insights from data. The chief aim of data analytics is to apply statistical analysis and technologies on data to find trends and solve problems. What are the four types of data analytics?

Data Analytics 129

Data Analytics Diagnostic Analytics Management Analytics 129

Smart Data Collective

FEBRUARY 28, 2023

Data analytics technology has had a profound impact on the state of the financial industry. A growing number of financial institutions are using analytics tools to make better investing decisions and insurers are using analytics technology to improve their underwriting processes.

Analytics 103

Analytics Data mining Finance Analytics Technologies 103

Octopai

SEPTEMBER 22, 2019

Perhaps nowhere is this truer than in the insurance industry, though. Consider: – In life insurance, actuaries rely on data from many sources to discover and define ever more granular health and lifestyle attributes to determine the overall risk level of each applicant. Insurance Metadata Management.

Metadata 41

Metadata Insurance Management Data Governance 41

Smart Data Collective

OCTOBER 3, 2023

One study found that 56% of hospitals do not have any data analytics or governance strategies. In reports, these codes are used to streamline processes like billing and processing health insurance claims. This is to ensure they aren’t making any mistakes and inadvertently reporting the wrong codes.

Data Strategy 115

Data Strategy Strategy Insurance Data-driven 115

Cloudera

JUNE 13, 2023

The bank offerings include standard deposit and lending services, credit cards, wealth management, agribusiness finance and insurance, and foreign exchange services for other financial institutions. In 2021, ANZ Bank unveiled its strategy to drive digital transformation, increase their speed to market and become more agile.

Data-driven 77

Data-driven Analytics Insurance Big Data 77

CIO Business Intelligence

APRIL 28, 2022

Right from the start, auxmoney leveraged cloud-enabled analytics for its unique risk models and digital processes to further its mission. 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.

Analytics 84

Analytics Insurance Big Data Uncertainty 84

Smart Data Collective

NOVEMBER 17, 2021

Data analytics is becoming a crucial element of many business strategies. They have found that data analytics is a valuable component of marketing campaigns , financial planning objectives, human resource guidelines and much more. However, other professions, such as musicians, are also relying more data analytics technology than ever.

Data Analytics 128

Data Analytics Analytics Advertising Data-driven 128

FineReport

JULY 28, 2021

If you are curious about the difference and similarities between them, this article will unveil the mystery of business intelligence vs. data science vs. data analytics. Definition: BI vs Data Science vs Data Analytics. What is Data Analytics? Insurance Dashboard (by FineReport). Photo by Chris Ried on Unsplash.

Business Intelligence 98

Business Intelligence Data Science Data Analytics Analytics 98

Smart Data Collective

JANUARY 26, 2022

Legal analytics is an evolving discipline that is changing the future of the legal profession. Law firms are expected to spend over $9 billion on legal analytics technology by 2028. But what is legal analytics? We have had time to observe some major developments of legal analytics over the last year.

Data Analytics 73

Data Analytics Analytics Predictive Analytics Insurance 73

Decision Management Solutions

NOVEMBER 13, 2018

80% of data and analytics leaders with global life insurance and property & casualty carriers surveyed by McKinsey reported that their analytics investments are not delivering high impact. 38% of those surveyed cited a failure to integrate analytics into workflows and frontline systems.

Insurance 40

Insurance Analytics Modeling Visualization 40

Smart Data Collective

NOVEMBER 1, 2020

Data Analytics is the First Line of Defense Against Online Criminals. CISO Mag reports that cybersecurity experts have found a number of benefits of using AI and other big data technology to prevent data breaches and scams. How Can Data Analytics Tools Help Thwart Scams? Keep reading to learn more.

Data Analytics 101

Data Analytics Analytics Big Data Data-driven 101

Jet Global

MARCH 16, 2020

If you are a finance manager in real estate and property management, you likely face more than just reporting challenges. In addition to the typical period finance reports such as income statements, balance sheets, P&L, etc., How can you keep track of all of this while continuing to maintain timely period financial reporting?

Reporting 84

Reporting Finance Consulting Insurance 84

Smart Data Collective

MAY 27, 2021

A growing number of major automobile manufacturers have started using data analytics and AI to improve production. As Foundry4 reports, big data is helping fuel the EV revolution. The post Will Data Analytics Help Mercedes Meet 2030 Carbon Reduction Targets? EV Sales Soaring. How Will Mercedes Fair?

Data Analytics 123

Data Analytics Manufacturing Big Data Analytics 123

Smarten

FEBRUARY 15, 2024

Mobile Access to Tally ERP and Tally Prime with Built-In Analytics is Key to User Satisfaction! with 550 employees, Reliance Nippon Life Insurance with more than 11,500 employees, and many other businesses. If your team is using Tally ERP or Tally Prime, you know the value of this solution and of its modules.

Finance 52

Finance Sales Insurance Reporting 52

Rocket-Powered Data Science

OCTOBER 16, 2020

senior executives across eight industries: agriculture, banking, exhibitions, government, healthcare, insurance, legal, and science/medical. The sectors with the greatest increases in investment were insurance, banking, and agriculture, followed closely by healthcare and science/medical. anticipate cutting jobs.

Strategy 198

Strategy Insurance Snapshot Digital Transformation 198

Jet Global

FEBRUARY 27, 2020

Financial reporting in the construction industry commonly focuses on the need for historical project information for informed decision-making on costs and the need for analytic and reporting tools to capture critical, real-time data from ERP systems such as Viewpoint , Sage , and COINs to address timely cash flow issues.

Reporting 64

Reporting Finance Insurance Consulting 64

CIO Business Intelligence

MARCH 18, 2024

Every business in some form or another is looking to adopt and integrate emerging technologies—whether that’s artificial intelligence, hybrid cloud architectures, or advanced data analytics—to help achieve a competitive edge and reach key operational goals.

Risk Management 99

Risk Management Insurance Risk Testing 99

Sisense

APRIL 15, 2021

Analytics is the future. But just as you’re getting a handle on your analytics program, you start hearing about “augmented analytics,” and now you’re worried you need to adopt that too to stay competitive in an evolving world. The good news is that augmented analytics will make your life a lot easier!

Analytics 98

Analytics Data Science Modeling Machine Learning 98

Jet Global

DECEMBER 9, 2020

Insurance and excise taxes may reduce as inventory levels decline. ERP systems do a very good job of providing the necessary levers and switches required to classify and manage inventory, but standard ERP reports that accompany those modules leave quite a lot to be desired. Inventory reduction has other benefits as well.

Reporting 81

Reporting Finance Sales Measurement 81

Jet Global

SEPTEMBER 29, 2020

To help business owners with their analytics, we recommend the use of a retail KPI dashboard. Top 10 Best Practices for Retail Reporting in Excel. Streamline Your Reporting with Retail Reporting Software. We offer user-friendly reporting software that can manage all your KPIs. Instantly Create Reports.

Metrics 64

Metrics Reporting KPI Sales 64

Cloudera

NOVEMBER 16, 2022

Tracks represented financial services, insurance, retail and consumer packaged goods, and healthcare. A common theme that was highlighted continuously was using “storytelling” to relay the value that data and analytics teams bring to the business. I recently had the privilege of attending the CDAO event in Boston hosted by Corinium.

Insurance 81

Insurance Cost-Benefit Metrics Measurement 81

Smart Data Collective

AUGUST 7, 2019

The insurance industry is one of the companies investing the most in big data technology. Exactly one year ago today, SNS Telecom & IT published a report highlighting the demand for big data in the insurance industry. The report showed that insurers spent $2.4 billion on big data in 2018 alone.

Big Data 76

Big Data Insurance Cost-Benefit Risk 76

Sisense

NOVEMBER 5, 2020

It will also give you access to advanced technologies like predictive analytics, which can help you get ahead of trends, alert you to staffing issues, skill gaps, and market fluctuations, and provide guidance in an uncertain world. Bottom line: You need a mature people analytics program to really impact business outcomes. That’s right!

People Analytics 85

People Analytics Analytics Digital Transformation Metrics 85

AWS Big Data

FEBRUARY 1, 2024

The following are some of the key business use cases that highlight this need: Trade reporting – Since the global financial crisis of 2007–2008, regulators have increased their demands and scrutiny on regulatory reporting. Deploy the solution You can use the following AWS CloudFormation template to deploy the solution. version cluster.

Data Warehouse 123

Data Warehouse Dashboards Risk Management Risk 123

Sisense

FEBRUARY 18, 2021

Sadly, many companies are stuck using outmoded analytics that give them static, historical reports that only describe what has already happened and are useless in planning for the future. Predictions like those, indeed predictive analytics itself, rely on a deep understanding of the past and present, expressed by data.

Predictive Analytics 66

Predictive Analytics Business Intelligence Analytics Manufacturing 66

AWS Big Data

MARCH 7, 2023

This post provides guidance on how to build scalable analytical solutions for gaming industry use cases using Amazon Redshift Serverless. The following diagram is a conceptual analytics data hub reference architecture. This reference architecture partly combines a data hub and data lake to enable comprehensive analytics services.

Analytics 72

Analytics Data Warehouse Data Lake Metadata 72

CIO Business Intelligence

JUNE 7, 2022

billion in cost savings for the insurance industry as well during the same period. . For banks, brokerages, insurance companies, fintech firms, and other financial services organizations, NLP is increasingly being seen as a solution to too much data and too few employees. Intel® Technologies Move Analytics Forward.

Unstructured Data 86

Unstructured Data Deep Learning Insurance Interactive 86

CIO Business Intelligence

MAY 17, 2023

An older bank, grown through acquisition, with one custom-built system supporting its real estate business, while another supports its insurance business. Modernization wasn’t a priority for the systems that supported real estate or insurance. Learn more about our data and analytics consulting services.

Data-driven 89

Data-driven Strategy IT Insurance 89

Juice Analytics

JUNE 2, 2022

It also wants to convince existing customers that they made the right decision in choosing State Farm for their insurance. Reporting is more than a feature of your product, it is an opportunity to remind customers of the value your solution provides. Reporting is your opportunity answer these key questions and define what matters.

Broadcasting 129

Broadcasting Visualization Reporting Metrics 129

Jet Global

JULY 8, 2020

And, as a bonus, we will also explain how you can streamline your reporting process using distribution reporting solutions. This is because management needs to be able to report to shareholders, and shareholders want insight into everything a company does. How to Build Useful KPI Dashboards. View Guide Now.

Metrics 52

Metrics Reporting KPI Key Performance Indicator 52