Decision Management Solutions

APRIL 15, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance.” In that post, I referenced Matt Josefowticz’s recent article – Technology May be the Answer for Insurers, but What Was the Question? , in which he argues that there are only three levers of value in insurance: 1. Sell More.

Insurance 63

Insurance Technology Predictive Analytics Sales 63

Sisense

FEBRUARY 18, 2021

Predictive analytics have shown potential in countless industries and focus areas within businesses. Here are a few examples: Retail and marketing: The right intelligence infused into back-office and front-line user workflows inform decisions around changing sales goals, adjusting marketing and advertising campaigns, and optimizing inventory.

Predictive Analytics 66

Predictive Analytics Business Intelligence Analytics Manufacturing 66

CIO Business Intelligence

NOVEMBER 22, 2023

As a connected car data company focusing on the motor insurance sector, UK-based ThingCo is dedicated to developing next gen telematics built with the latest technology. Then we’re suddenly in a position where you can turn that negativity into a positive part of your business. Watch the full video below for more insights.

Insurance 94

Insurance B2B Modeling Technology 94

Information Builders

MAY 12, 2015

Information Builders, a leader in business intelligence ( BI ) and analytics, information integrity, and integration solutions, announced during the Analytics for Insurance Conference and Expo in Toronto this week that its insurance solutions help facilitate claims, actuarial, financial, risk, marketing processes, and more for insurance providers across (..)

Insurance 53

Insurance Interactive Analytics Business Intelligence 53

CIO Business Intelligence

NOVEMBER 16, 2023

Deepa Soni: We strongly believe that enterprise agility and speed-to-market are key competitive advantages, and they’re a key tenant of our objectives. As we think about our next step change in driving business outcomes and competitive advantage for The Hartford, it is really our AI-led transformation. Can you expand on that?

Insurance 116

Insurance Enterprise Risk Digital Transformation 116

CIO Business Intelligence

NOVEMBER 8, 2023

As such, Kay’s biggest challenge in setting the stage for her digital ambitions — and one that has involved the entire C-suite — has been unifying the IT operations of Principal Financial’s individual businesses units in order to develop an enterprise-wide data foundation and cloud architecture on which to build its next-generation services.

IT 107

IT Insurance Machine Learning Cost-Benefit 107

CIO Business Intelligence

FEBRUARY 13, 2023

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). We have been moving our workloads to the cloud while we create new cloud-native digital business capabilities.” IDC is forecasting a 5.1%

IT 145

IT Insurance Machine Learning Marketing 145

CIO Business Intelligence

OCTOBER 18, 2023

Dutch insurance and asset management company Nationale-Nederlanden, part of the NN Group, has a presence in 19 countries and serves several million retail and corporate customers. Digitization vs tradition Although the insurance sector has a traditional image, that stopped being the case years ago, says Vaquero.

Digital Transformation 110

Digital Transformation Insurance Interactive Sales 110

CIO Business Intelligence

JANUARY 29, 2024

Gray Nestor, EVP and CIO, Brown & Brown Insurance Brown & Brown Insurance “You have to be willing to give people feedback and examples on a regular basis to drive a different result,” Nestor says.

IT 120

IT Insurance Digital Transformation Technology 120

CIO Business Intelligence

JUNE 7, 2022

In business analytics, this is the purview of business intelligence (BI). It can be used to reveal structures in data — insurance firms might use cluster analysis to investigate why certain locations are associated with particular insurance claims, for instance.

Data Analytics 125

Data Analytics Diagnostic Analytics Management Analytics 125

CIO Business Intelligence

JUNE 22, 2023

Knowledge areas especially vital to the consumer products industry include e-commerce, digital marketing, supply chain management, and mobile app development. Other relevant roles include security professionals, project managers, UX/UI designers, product managers, data analysts, and business analysts.

IT 114

IT Insurance Recreation/Entertainment Consulting 114

CIO Business Intelligence

DECEMBER 18, 2023

IDC predicts the worldwide integration software market will exceed $18.0 Silver Lake has further consolidated its hold on Software AG by acquiring 93% of the company, with plans to take it private by delisting it from the stock market. billion in 2027 at a compound annual growth rate (CAGR) of 16.1%.1,” 1,” IBM said.

Software 97

Software Digital Transformation Contextual Data Insurance 97

CIO Business Intelligence

JULY 27, 2023

“Our approach is one of cautious interest,” says Robert Pick, executive vice president and CIO for Tokio Marine North America, a multinational insurance provider with headquarters in Japan. While Pick is encouraging employees at the insurance company to experiment, he insists their activities be monitored. “In It will return options.

IT 82

IT Insurance Strategy Risk 82

CIO Business Intelligence

MAY 24, 2022

These specific connectivity integrations are meant to allow healthcare providers to have a 360-degree view of all their important data and run analytics on them to take faster decisions and reduce time to market, Informatica said. Cloud Computing, Data Management, Financial Services Industry, Healthcare Industry

Finance 127

Finance Management Metadata Data Quality 127

CIO Business Intelligence

AUGUST 19, 2022

At the outset of the pandemic, Aflac’s independent agent/franchise business looked to be a dead duck. The traditional in-person process of insurance agents meeting with prospective customers to discuss policies, sign paperwork, and load it into the company’s client/server system came to a complete halt. Virtualizing policy enrollment.

Insurance 89

Insurance Digital Transformation Data Processing Machine Learning 89

CIO Business Intelligence

FEBRUARY 21, 2024

The company was in the final stages of refreshing our business strategy; in September 2021, we spun off from Prudential plc to become an independent public company. Our strategy was to accelerate our core competencies to position ourselves and our brand in the market.

Scorecard 92

Scorecard Insurance Strategy Digital Transformation 92

CIO Business Intelligence

MARCH 17, 2022

Snowflake has launched a cloud-based, data-sharing platform for the healthcare industry that integrates the company’s core data warehousing, analytics and business intelligence offerings with a data marketplace and on-demand consulting services.

Consulting 84

Consulting Insurance Machine Learning Marketing 84

CIO Business Intelligence

DECEMBER 7, 2023

In fact, our team has been working with generative and conversational AI in complex professional services applications like insurance, banking, and healthcare for the better part of a decade, and we’ve learned some important lessons along the way. First, it is clear that generative AI will transform business.

Insurance 60

Insurance Experimentation Finance Data Governance 60

AWS Big Data

FEBRUARY 1, 2024

Additionally, they need streaming architectures to handle growing trade volumes, market volatility, and regulatory demands. We also used FactSet’s market data solutions for historical and streaming market quotes and trades. For instructions, refer to Deleting a stack on the AWS CloudFormation console.

Data Warehouse 121

Data Warehouse Dashboards Risk Management Risk 121

CIO Business Intelligence

JULY 13, 2022

Cloud concentration risk, system market risk—it goes by various names—is not a new topic. Back in 2019, a letter to the US Financial Stability Oversight Council requested the major cloud service providers be designated as systemically important financial market utilities. . Market collaboration is required.

Insurance 81

Insurance Risk Marketing Data Processing 81

CIO Business Intelligence

MARCH 31, 2022

Vitality is the rewards programme for Discovery, a South African-founded financial services organisation that serves the healthcare, life assurance, short-term insurance, savings and investments, banking and wellness markets.

Insurance 122

Insurance Technology Marketing 122

CIO Business Intelligence

JUNE 16, 2022

Its system, called the Transformation Acceleration Platform, is designed to capture all types of workflows, but Arrayworks maintains a particular focus on insurance automation. Its Connected Insurance system offers customized workflows to speed up all aspects of insurance. Oracle Business Process Management Suite.

Management 106

Management Insurance Software Digital Transformation 106

CIO Business Intelligence

JUNE 17, 2022

This leads to IT not seamlessly aligning with business.”. Functions such as sales and marketing have all undergone a significant change, as has the technology needed for them to perform optimally. If I have to remain in the insurance industry, I have to continuously build on my knowledge base.” Careers, Certifications, CIO

Insurance 104

Insurance IT Advertising Data Science 104

CIO Business Intelligence

DECEMBER 27, 2023

Generative AI is starting off a new age of exploration in IT,” says Frank Schmidt, CTO at insurance firm Gen Re. Cugini at KeyBank agrees, and adds that the exploration has to include a cross-functional team from all areas of the business, not just IT. “We However, developing and deploying an LLM is costly.

Insurance 136

Insurance Cost-Benefit Risk Technology 136

Smart Data Collective

SEPTEMBER 16, 2020

These predictive models can be used by enterprise marketers to more effectively develop predictions of future user behaviors based on the sourced historical data. These statistical models are growing as a result of the wide swaths of available current data as well as the advent of capable artificial intelligence and machine learning.

Predictive Analytics 119

Predictive Analytics Analytics Predictive Modeling Data mining 119

CIO Business Intelligence

FEBRUARY 16, 2024

In banking and financial services applications, for example, GenAI solutions are being developed to analyze customer data, market data, economic trends, and more to help support highly personalized insights and guidance. This can be particularly challenging in heavily regulated industries such as healthcare, insurance, and finance.

Strategy 124

Strategy Insurance Digital Transformation Enterprise 124

CIO Business Intelligence

DECEMBER 4, 2023

“We have the ability to bring datasets together, and those insights could drive what the agenda is for the business. They could show us where we have the opportunity to improve our go-to-market. So having that access to the insights driving business intelligence initiatives has allowed us to expand our seat at the table.”

Digital Transformation 117

Digital Transformation Strategy Technology Marketing 117

CIO Business Intelligence

MARCH 8, 2023

So I’m helping a young reg-tech and insure-tech business to create an initial suite of products that will work within governments, the insurance industry, and home and business owners to address the fact that one in five properties in the UK can’t secure risk-reflective and affordable insurance against flood damage.

Insurance 90

Insurance Digital Transformation Interactive Risk 90

CIO Business Intelligence

JUNE 16, 2022

Retail brands can use the new capability, which is now available in beta, to link first-party commerce data to Adobe Real-Time CDP and other applications within the Adobe Experience Cloud suite, said Ryan Fleiss, director of product marketing for the company’s CDP.

B2B 79

B2B Insurance Sales Marketing 79

CIO Business Intelligence

SEPTEMBER 26, 2023

We’ve all seen the insurance commercials: Mayhem is everywhere. When it strikes in the consumer world of insurance, you want the right people on your side and the right plan to navigate a way forward. When a system begins to break down, the most important thing is ending the breakage, restoring it, and minimizing the business impact.

IT 87

IT Insurance Cost-Benefit Strategy 87

CIO Business Intelligence

SEPTEMBER 13, 2022

Digitization has transformed traditional companies into data-centric operations with core business applications and systems requiring 100% availability and zero downtime. One company that needs to keep data on a tight leash is Petco, which is a market leader in pet care and wellness products. To read the full case study, click here.).

Enterprise 72

Enterprise Insurance Cost-Benefit ROI 72

CIO Business Intelligence

JANUARY 19, 2023

The research, conducted by International Data Corporation (IDC) and commissioned by SUSE surveyed 838 respondents in 11 Asia/Pacific countries across a range of industries such as financial services and insurance, telecommunications, and government. When it comes to container-related technologies, only 30% are using OSS.

Software 114

Software Enterprise Digital Transformation Insurance 114

CIO Business Intelligence

JUNE 7, 2022

billion in cost savings for the insurance industry as well during the same period. . Chatbots are just one application of natural language processing (NLP), a type of artificial intelligence (AI) that is already having a major impact in financial services, among other industries. . NLP will account for $35.1 Putting NLP to Work.

Unstructured Data 82

Unstructured Data Deep Learning Insurance Interactive 82

CIO Business Intelligence

JULY 26, 2023

The Denver-based realty chain has also developed a homegrown Salesforce-based business intelligence app running off Tableau to power its global network of roughly 145,000 brokers and agents, Ligon says. Finally, the IT team developed a digital market center that offers event management as well as training and education content.

Data Lake 91

Data Lake Digital Transformation Machine Learning Data Architecture 91

CIO Business Intelligence

JUNE 22, 2022

AssuredPartners is a full-service insurance broker providing commercial insurance, risk management, and employee benefits. The company, which has more than 8,500 employees, plans to continue growing by acquisition, and consolidating the global insurance market. Our goal is to consolidate the global market.

IT 93

IT Insurance Cost-Benefit Risk Management 93

CIO Business Intelligence

DECEMBER 11, 2023

If the rules are too strict or costly, non-EU firms will just make the decision to ignore the EU market,” said Ray Wang, principal analyst and founder of Constellation Research. Even industry associations are questioning the impact of the AI Act on businesses. You know what you don’t have to do.

Risk 105

Risk Testing Insurance Cost-Benefit 105

CIO Business Intelligence

APRIL 27, 2022

The NPHIES health information exchange platform, designed to unify patient care records for healthcare providers and optimise insurance services, is central to the digital transformation of healthcare in Saudi Arabia. It includes two main components: the insurance services and the clinical services (including unified health records).

Insurance 52

Insurance Digital Transformation Measurement Technology 52